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Realestate, Rental & Leasing

Riverside Storage Portfolio

Savanna, IL, USA
Listed 39 days ago

• Seller Financing available with very attractive debt terms for qualified investors • Extremely low basis – being offered at only $27 per square foot, which is far below replacement cost • Zero competition – with closest competitors over 8 miles away, there are no competitors for this property within the city of Savanna • Mom & Pop Operated – currently owner-operated which offers immediate upside through website implementation, online advertising, and improved occupancy • Very attractive projected cash-on-cash returns at stabilization

Noi

$169,486

Units

441

$ Per Sf

$27

Cap Rate

6.53%

Lot Size

18.58 Acres

Occupancy

80%

Proforma Cap

7.93%

Leasable Area

93,054

Financials

Asking Price
$2.6M
RevenueMost Recent Year
Undisclosed
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Yes

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