EquiCap Commercial has arranged the sale of H & P Storage, a self-storage facility located at 2777 N Delany Road in Waukegan, Illinois. The property had been family owned and is described as a well-established operation in its local market. Specific buyer and seller details were not disclosed, but EquiCap Commercial announced the transaction and highlighted the asset’s potential for future performance enhancements.
The self-storage facility consists of six buildings configured with a range of unit sizes. In total, H & P Storage offers 210 drive-up units across 28,070 net rentable square feet. The drive-up configuration and variety of unit sizes provide a flexible layout for serving different customer storage needs within the property’s footprint.
According to EquiCap Commercial, the property offers investors a value-add opportunity, particularly through operational improvements and revenue optimization. While no specific business plan was detailed, the characterization suggests there is room to enhance performance through management efficiency, pricing strategy, or other income-focused initiatives at the property level.
The transaction timeline was completed ahead of schedule, with the deal closing one month earlier than the contracted date. This accelerated closing underscores effective transaction management by the parties involved, though the terms of the sale, including pricing and capitalization metrics, were not made public.
The brokerage team on the assignment consisted of EquiCap Commercial partners Scott Rihm and Jesse Luke. Their role encompassed marketing and executing the disposition of the self-storage asset. No additional intermediaries or advisors were identified in connection with the sale.
EquiCap Commercial, based in St. Charles, Illinois, focuses exclusively on the self-storage sector. The firm positions itself as an advisory group specializing in acquisitions, dispositions, and strategic market guidance for self-storage owners and investors. Its stated direct market coverage extends from the Canadian border to the Gulf of Mexico, indicating a multi-regional advisory footprint within North America for storage assets.
While financial details of the H & P Storage sale were not disclosed, the transaction adds to ongoing investor interest in self-storage properties that combine existing operating history with identifiable opportunities for operational and revenue enhancement.
