1700 Taylor Ave - CubeSmart Self Storage
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1700 Taylor Ave - CubeSmart Self Storage
20,000 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 | Lot Size | 1.01 AC |
| Price Per SF | $70 | Building Size | 20,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1990/2023 |
| Property Subtype | Self-Storage | Parking Ratio | 0.75/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Price | $1,400,000 |
| Price Per SF | $70 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 1.01 AC |
| Building Size | 20,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1990/2023 |
| Parking Ratio | 0.75/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 22-02.0-205-024 | Improvements Assessment | $205,107 |
| Land Assessment | $10,997 | Total Assessment | $216,104 |
PROPERTY TAXES
Parcel Number
22-02.0-205-024
Land Assessment
$10,997
Improvements Assessment
$205,107
Total Assessment
$216,104
zoning
| Zoning Code | R-2 |
| R-2 |
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1700 Taylor Ave - CubeSmart Self Storage
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