Updated Jul 9, 2025
Rob Schick Of Argus Self Storage Advisors Brokers $7.4M Sale Of Self Storage Facility In West Lafayette
2575 Cumberland Avenue
$7,400,000
$129/SF
Building Size
56,950 SF
Asset Type
Self Storage
Closing
Jun 25, 2025
About this deal
AI
A self-storage facility located at 2575 Cumberland Avenue in West Lafayette, IN, has been sold for $7,400,000. The property spans 56,950 square feet and has a price per square foot of $130. At the time of sale, the facility was 94% leased and includes land designated for a 30,000 square foot expansion.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $7,400,000
- Square Footage: 56,950
- Address: 2575 Cumberland Avenue
- Market: West Lafayette, IN
- Price per Square Foot: $130
- Leased Percentage: 94%
- Expansion Land: 30,000 SF
The deal was brokered by Rob Schick of Argus Self Storage Advisors, representing the interests of the buyer in this transaction.
On the Map
$7,400,000
$129/SF
Self Storage
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West Lafayette 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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93