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.
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