US 30 SELF STORAGE IN KANE COUNTY, ILL. SOLD FOR $3.4 MILLION

Montgomery, Ill. (Sept. 28, 2022) – Coldwell Banker Commercial Real Estate Group represented the buyer in the purchase of US 30 Self Storage, located at 1400 Bohr Ave., Montgomery, Ill. in Kane County, in a transaction valued at $3.4 million. The transaction closed on August 1, 2022.

The sold property is a Class A modern self-storage facility for 278 enclosed self-storage units, and 268 premium paved parking spaces for boats and RV’s. The property had not been listed for sale, at economic full occupancy, and sits on 7.628 acres. Originally constructed in 2005, additional enclosed units were added in 2021.

Richard Faltz and Coldwell Banker Commercial Real Estate Group provided transaction advisory services to the buyer to identify various self-storage acquisition opportunities, which met the needs of the buyer as part of this assignment and successful negotiation on behalf of the buyer. Faltz specializes in self-storage investment as the premier tax advantaged hedge to current inflation markets.

About Coldwell Banker Commercial Affiliates

Coldwell Banker Commercial Real Estate Group is the local affiliate of Coldwell Banker Commercial® and provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition, and disposition of all property types. Since 1906, the Coldwell Banker Commercial brand has been a premier provider of real estate, recognized globally as a company that puts the client first while delivering individual, distinctly different service. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.

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