Updated Oct 29, 2024
Amerco Real Estate Company Acquires Property In Libertyville With Seller's Rep John Hauser
14045 W Rockland Rd, Libertyville, IL...
Building Size
48,439 SF
Asset Type
Self Storage
Closing
Nov 20, 2023
About this deal
AI
The property involved in the transaction is located at 14045 W Rockland Rd, Libertyville, IL. It consists of a 48,439-square-foot building situated on 3.21 acres. The property is positioned in the Libertyville market and is intended to serve storage and truck rental purposes for U-Haul.
Summary of transation details:
- Property Type: Building
- Transaction Amount: Not disclosed
- Address: 14045 W Rockland Rd, Libertyville, IL
- Market: Libertyville
- Seller's Representative: John Hauser - Avison Young
- Buyer: Amerco Real Estate Company
- Seller: Unknown
- Square Footage: 48,439
The deal was brokered by Brian Bocci of Entre Commercial Realty, who represented Amerco Real Estate Company in both transactions, which also included the neighboring 12,000-square-foot building at 14121 Rockland Road. The second building was not officially on the market, and its seller was represented by JLL.
Players
Libertyville Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93