1700 Taylor Ave - CubeSmart Self Storage 14,764 SF Specialty Building Offered at $1,400,000 in Springfield, IL 62703
INVESTMENT HIGHLIGHTS
- New climate-controlled storage conversion
- Excellent lease-up trajectory
- Institutional-quality build
- Opened in Spring of 2023
- Close proximity to intersection of two Interstates
EXECUTIVE SUMMARY
CubeSmart Self Storage is a new 14,765 RSF climate-controlled self storage conversion in Springfield, IL. Located at the intersection of two interstates. It is less than two miles from both I-55 and I-72.
The conversion was completed in Spring 2023 and has a current unit occupancy of 66% and an economic occupancy of 19%. A clean facility that is professionally managed by CubeSmart. Lease-up trajectory is strong and has steadily grown over the last year.
The conversion was completed in Spring 2023 and has a current unit occupancy of 66% and an economic occupancy of 19%. A clean facility that is professionally managed by CubeSmart. Lease-up trajectory is strong and has steadily grown over the last year.
PROPERTY FACTS
| Price | $1,400,000 |
| Price Per SF | $94.83 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 1.01 AC |
| Building Size | 14,764 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1990/2023 |
| Parking Ratio | 1.02/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-2 |
AMENITIES
- Air Conditioning
1 of 1
PROPERTY TAXES
| Parcel Number | 22-02.0-205-024 | Improvements Assessment | $205,107 |
| Land Assessment | $10,997 | Total Assessment | $216,104 |
CONTACTS
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Larry
Goldman
-
Derek
Arnold
-
Amy
Hitchingham
