Covering the Land of Lincoln

EquiCap Commercial just closed self storage activity

St. Charles, IL, Nov. 24, 2021 – (PR.com) – EquiCap Commercial’s Jesse Luke, along with Secure Development Inc (IN Broker of Record), proudly announces the successful closure of NexGen Self Storage in 1524 South Nebo. famous street in Yorktown, Indiana. The sale includes 29,907 square feet of fully automated self storage on 2.77 acres. The buyer saw this as a strong value creation opportunity, as the facility is currently being rented out and has potential for expansion. The company will be renamed Copper Safe Storage as the new owners are chosen to manage through the Copper Safe platform.

Jesse Luke and Mike Pistilli of EquiCap Commercial are pleased to announce the successful closure of Northpoint Storage at 8627 N. Hale Avenue in Peoria, Illinois. Northpoint Storage is 102,600 square feet net rentable with 601 units in 21 buildings on 6.39 acres and is surrounded by retail and residential buildings. The market knowledge and operational experience of the buyers in the Peoria MSA enabled them to quickly identify value-adding components. In view of the current delays in the procurement of building materials and rising material and personnel costs, the acquisition of a well-maintained cash flow operation in a well-known location with value creation opportunities for the buyer was suitable.

Jesse Luke and Scott Rihm of EquiCap Commercial are pleased to announce the successful closure of All-Stor Self Storage at 2214 County Hwy A in West Bend and By-Pass Mini Storage at 3477 Town Hall Rd in West Bend, Wisconsin. The All-Stor Self Storage and By-Pass Mini Storage portfolio offers the buyer a strong opportunity for added value – physical utilization of 98% and rents below the market level. In total, the locations are 61,260 square feet of net rental space with 305 units on 7.85 acres.

EquiCap Commercial’s Jesse Luke and Scott Rihm proudly announce the successful closure of Port Washington Self Storage at 3215 Northwoods Road in Port Washington, Wisconsin. Port Washington Self Storage is a well-maintained, fully automated, busy operation in a strong retail market. It sits on 3.34 acres with 245 units on 42,900 square feet of net rental space.

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More