Updated Sep 17, 2026
Mark Cosenza And Brett Smith Acquire 859-Unit Self Storage Facility In Joliet For Undisclosed Amount
2100 Essington Road
Building Size
112,209 SF
Asset Type
Self Storage
Closing
Sep 15, 2026
About this deal
AI
Inland Real Estate Acquisitions has acquired a self-storage facility located at 2100 Essington Road in Joliet, Illinois. This Class-A asset features 859 units and encompasses a total of 112,209 rentable square feet. The property, which was built in 2023, was previously operated by ExtraSpace Self Storage and will subsequently be rebranded and managed by Devon Self Storage.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 2100 Essington Road
- Market: Joliet, IL
- Square Footage: 112,209
- Units: 859
- Buyer: Mark Cosenza & Brett Smith - Inland Real Estate Acquisitions
Mark Cosenza and Brett Smith represented Inland Real Estate Acquisitions in this transaction, emphasizing their involvement in the acquisition of the facility. The rebranding and management transition to Devon Self Storage is a key aspect of the deal, signifying a change in operational strategy for the property.
Players
Joliet 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