Real Estate Roundup: Self-Storage Transactions November 2018
4 Your Stuff Storage in Granite City, Ill. The facility at 3117 W. Chain of Rocks Road comprises 64,645 square feet in 261 units. The buyer and the seller were represented in the transaction by Sean M. Delaney, senior vice president of investments, Britney Hendricks, investment associate, and Michael A. Mele, executive managing director of investments, for Marcus & Millichap (M&M).
Sold! Weekly Self-Storage Acquisition Round Up 11.28.18
An unidentified buyer purchased 4 Your Stuff Storage in Granite City, IL, from an unidentified seller. The facility, at 3117 W. Chain of Rocks Road, provides 261 units in 64,645 square feet. Britney Hendricks, Sean Delaney and Michael Mele of Marcus & Millichap’s offices in Oak Brook, IL and Tampa, FL, represented the buyer and seller.
Iron Guard Storage Expands IN Footprint
Iron Guard Storage has purchased StorageKeep, a 560-unit facility in Newburgh, Ind. Marcus & Millichap’s Tampa- and Chicago Oak Brook-based offices brokered the sale of the property on behalf of the seller. The brokerage team also represented the buyer in the deal.
Sale of Indiana Storage Asset Marks 40th Self-Storage Transaction in 2018 by The Mele Group of Marcus & Millichap
NEWBURGH, Ind., Nov. 26, 2018 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of StorageKeep at A Willis Storage Center, a 560-unit, 74,562-square-foot self-storage facility located at 6998 Loehr Rd., in Newburgh, Ind., according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. This transaction marked the 40th self-storage transaction this year by The Mele Storage Group of Marcus & Millichap.
The Mele Group Arranges the Sale of 261-Unit Self-Storage Facility in Granite City, Ill.
GRANITE CITY, Ill., November 26, 2018 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 4 Your Stuff Storage, a 261-unit, 64,645-square-foot self-storage facility located in Granite City, Ill., according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $3,744,205, or $57.91 per rentable square foot.