Jeffrey Herrmann & Sean Delaney Represent Seller In Sale Of 916-Unit Self Storage In Chicago
5251 North Kedzie Avenue
Building Size
72,899 SF
Asset Type
Self Storage
Closing
Jul 7, 2026
AI
5251 North Kedzie Avenue is a newly built self-storage property located in Chicago, IL. The asset spans 72,899 square feet and includes 916 storage units.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 5251 North Kedzie Avenue
- Market: Chicago, IL
- Square Footage: 72,899
- Units: 916
Jeffrey Herrmann and Sean Delaney of Marcus & Millichap arranged the sale and represented the Illinois-based seller. Additionally, Sean Delaney procured the Texas-based buyer for this self-storage facility.
Players
Chicago 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