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180 South Travis Street

James Montgomery Of AIE Partners Acquires Self Storage Asset From David Shorenstein For $2.05M
SOLDSelf Storage

James Montgomery Of AIE Partners Acquires Self Storage Asset From David Shorenstein For $2.05M

180 South Travis Street

$2,050,000

$186/SF

Building Size

11,000 SF

Asset Type

Self Storage

Closing

Mar 18, 2026

AI

The property involved in this transaction is a self-storage asset located at 180 South Travis Street in Lindenhurst. The sale was executed for a price of $2,050,000, covering a total area of 11,000 square feet, which equates to a price per square foot of $186.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $2,050,000
  • Address: 180 South Travis Street
  • Market: Lindenhurst
  • Square Footage: 11,000
  • Price per Square Foot: $186
  • Buyer: James Montgomery - AIE Partners
  • Seller: David Shorenstein
  • Seller's Representatives: Stephen R. Preuss Sr., Kevin Schmitz, Jack Keiser & Chris Travis - Ripco

The transaction involved James Montgomery of AIE Partners acting as the buyer, with David Shorenstein serving as the seller. The seller was represented by a team of brokers from Ripco, which included Stephen R. Preuss Sr., Kevin Schmitz, Jack Keiser, and Chris Travis.

Players

Stephen R. Preuss Sr.

Ripco

Broker

$2B

vol

259 deals

Broker
David Shorenstein

David Shorenstein

Seller

$187.3M

vol

60 deals

Seller

Lindenhurst 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

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93