Updated Nov 13, 2026
EquiCap Commercial Brokers Sale Of Let’s Store It 249-Unit Self Storage In Ottawa For Undisclosed Amount
311 West Etna Road
Units
249
Asset Type
Self Storage
Closing
Nov 11, 2026
About this deal
AI
The property asset involved in the transaction is a self-storage facility located at 311 West Etna Road in Ottawa, Illinois. This facility includes 249 units situated on a 1.79-acre lot, providing both existing cash flow and potential for value addition.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Units: 249
- Acres: 1.79
- Address: 311 West Etna Road
- Market: Ottawa, IL
- Broker Representatives: Alex Erbs, Scott Rihm & Jesse Luke - EquiCap Commercial
This transaction was brokered by the team at EquiCap Commercial, comprising Alex Erbs, Scott Rihm, and Jesse Luke, who handled the sale of Let's Store It, highlighting their role in facilitating the deal and the expertise they brought to it.
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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