{"id":1004232392,"date":"2018-05-29T08:13:17","date_gmt":"2018-05-29T16:13:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004232392"},"modified":"2022-12-08T16:45:00","modified_gmt":"2022-12-09T00:45:00","slug":"svn-brokers-sale-of-5-property-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/svn-brokers-sale-of-5-property-portfolio\/","title":{"rendered":"SVN Brokers Sale of 5-Property Portfolio"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004232402\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Kewanee-5-Site-Self-Storage-Portfolio.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004232402\" data-attachment-id=\"1004232402\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/svn-brokers-sale-of-5-property-portfolio\/version-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Kewanee-5-Site-Self-Storage-Portfolio.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;22&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D750&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1463666917&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;3200&quot;,&quot;shutter_speed&quot;:&quot;0.0003125&quot;,&quot;title&quot;:&quot;Version 2&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Mid State Mini Storage\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Mid State Mini Storage, Kewanee, Ill.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Kewanee-5-Site-Self-Storage-Portfolio.jpg?w=800\" class=\"wp-image-1004232402 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Kewanee-5-Site-Self-Storage-Portfolio.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Kewanee-5-Site-Self-Storage-Portfolio.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Kewanee-5-Site-Self-Storage-Portfolio.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Kewanee-5-Site-Self-Storage-Portfolio.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004232402\" class=\"wp-caption-text\">Mid State Mini Storage, Kewanee, Ill.<\/p><\/div>\n<p>SVN Chicago Commercial has arranged the sale of a five-property self-storage portfolio in Kewanee and Atkinson, Ill., for $1.3 million. The 47,000-square-foot storage portfolio traded at an <a href=\"https:\/\/www.commercialsearch.com\/news\/investment-predictions-for-2018-th-report\/\">8.8 percent cap rate<\/a> to a regional self-storage operator in a 1031 exchange.<\/p>\n<p>The portfolio consists of four properties located in Kewanee Ill., near highways 78, 81 and 34, nearly within a three-mile radius of each other at:<\/p>\n<ul>\n<li>1313 W. 6<sup>th<\/sup><\/li>\n<li>817 Lake St.<\/li>\n<li>604 N. Tremont St.<\/li>\n<li>1103 N. Main St.<\/li>\n<\/ul>\n<p>The fifth facility is situated in the adjacent town, in Atkinson, Ill., just off Highway 6 and Interstate 80, around 20 miles from the Kewanee properties, at 514 N. Spring St. Four of the properties are branded Mid State Mini Storage and the fifth is a Pay &amp; Store storage building. The storage properties offer a total of 300 units.<\/p>\n<p><em>&#8220;Mature self-storage properties like this, with consistent tenancy and low vacancy, continue to be an excellent investment play at a reasonable valuation,&#8221;<\/em> said David Coupe of SVN Chicago Commercial, in prepared remarks.<\/p>\n<p><em>Image courtesy of SVN Chicago Commercial<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has facilitated the sale of five self-storage properties located in Kewanee and Atkinson, Ill. The buildings comprise a total of 47,000 square feet.<\/p>\n","protected":false},"author":871,"featured_media":1004232402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,13,21742],"tags":[33330],"class_list":["post-1004232392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midwest","category-latest","tag-svn"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SVN Brokers Sale of 5-Property Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/svn-brokers-sale-of-5-property-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SVN Brokers Sale of 5-Property Portfolio\" \/>\n<meta property=\"og:description\" content=\"The company has facilitated the sale of five self-storage properties located in Kewanee and Atkinson, Ill. 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