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
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