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Self-Storage Facility

Country View Storage

371 W Frontage Rd, Staunton, IL 62088

Listing Price: $1,700,000

Cap Rate
6.78%
Number of Units
264
Occupancy
87.0%
Gross SF
35,123
Rentable SF
35,123
Price/Rentable SF
$48.40
Year Built
1996

Investment Overview

The Williams Storage Group of Marcus and Millichap is honored to present for sale Country View Storage in Staunton, Illinois. This storage facility consists of 35,123 rentable square feet encompassing 240 non-climate controlled units, 12 outside parking spaces and 10 portable storage containers. This offering also includes two currently leased commercial spaces, totaling approximately 5,000 square feet. As of April 2021, the facility was 98% physically occupied and 87% economically occupied.

Country View Storage offers a secure property protected by perimeter fencing and state-of-the-art 24 hour surveillance installed in 2020, fourteen (14) HikVision cameras and cell phone enabled integration. Amenities include asphalt drives paved in 2018 and storage management software updated in 2021. The property also includes professional management office as well as living quarters.

Staunton, Illinois is 40 miles northeast of downtown St. Louis and is considered part of the greater St. Louis MSA. Positioned on the west side of Interstate 55, a major US highway, extending from Louisiana to Chicago, Country View Storage commands incredible visibility with daily traffic counts at nearly 28,000. The 3-mile radius around Country View Storage is currently populated by 6,658 residents and the average household income is $64,752. Industries in Staunton include healthcare, manufacturing, banking and education.

Listed for $1,700,000, Country View Storage is an immaculately-maintained property, beaming with pride of ownership. This facility offers an investor the opportunity to acquire a highly occupied, income producing asset providing value-add opportunities to bring the existing customers rent up to the market value, implement additional income streams and increase street rates. Physical value-add includes approximately .5 acres cleared ground available for expansion.

Investment Highlights

  • 240 Non-Climate Units, 12 Parking Spaces, 10 Containers and 2 Commercial Spaces
  • 35,123 Rentable Self Storage Sq. Ft and Approximately 5,000 Commercial Square Feet
  • 98% Physical Occupancy I 87% Economic Occupancy
  • Year 1 Cash-on-Cash of 10.84 Percent

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Self-Storage Facility

Country View Storage

Listing Price: $1,700,000

Cap Rate
6.78%
Number of Units
264
Occupancy
87.0%
Gross SF
35,123
Rentable SF
35,123
Price/Rentable SF
$48.40
Year Built
1996

Investment Highlights

  • 240 Non-Climate Units, 12 Parking Spaces, 10 Containers and 2 Commercial Spaces
  • 35,123 Rentable Self Storage Sq. Ft and Approximately 5,000 Commercial Square Feet
  • 98% Physical Occupancy I 87% Economic Occupancy
  • Year 1 Cash-on-Cash of 10.84 Percent

Investment Overview

The Williams Storage Group of Marcus and Millichap is honored to present for sale Country View Storage in Staunton, Illinois. This storage facility consists of 35,123 rentable square feet encompassing 240 non-climate controlled units, 12 outside parking spaces and 10 portable storage containers. This offering also includes two currently leased commercial spaces, totaling approximately 5,000 square feet. As of April 2021, the facility was 98% physically occupied and 87% economically occupied.

Country View Storage offers a secure property protected by perimeter fencing and state-of-the-art 24 hour surveillance installed in 2020, fourteen (14) HikVision cameras and cell phone enabled integration. Amenities include asphalt drives paved in 2018 and storage management software updated in 2021. The property also includes professional management office as well as living quarters.

Staunton, Illinois is 40 miles northeast of downtown St. Louis and is considered part of the greater St. Louis MSA. Positioned on the west side of Interstate 55, a major US highway, extending from Louisiana to Chicago, Country View Storage commands incredible visibility with daily traffic counts at nearly 28,000. The 3-mile radius around Country View Storage is currently populated by 6,658 residents and the average household income is $64,752. Industries in Staunton include healthcare, manufacturing, banking and education.

Listed for $1,700,000, Country View Storage is an immaculately-maintained property, beaming with pride of ownership. This facility offers an investor the opportunity to acquire a highly occupied, income producing asset providing value-add opportunities to bring the existing customers rent up to the market value, implement additional income streams and increase street rates. Physical value-add includes approximately .5 acres cleared ground available for expansion.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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