News

  • North Aurora storage facility sold
    By Daily Herald Report
    Sean M. Delaney and Michael A. Mele, investment specialists in Marcus & Millichap's Chicago Oak Brook and Tampa offices, exclusively marketed the property on behalf of the seller, a limited liability company. The buyer, Merit Hill Capital, was also secured and represented by Delaney and Mele. This transaction marked the 34th self-storage transaction this year by The Mele Group of Marcus & Millichap. The surrounding five-mile demographics feature an average household income in excess of $90,000. Constructed in 2003 and expanded in 2008 on its 4.21 acres, the facility encompasses a total of 76,696 rentable square feet and 640 units.

  • The Mele Group Facilitates Sale of WI Storage
    By Evelyn Jozsa, Commercial Property Executive
    The Mele Group of Marcus & Millichap has arranged the sale of Self Storage of Goerkes Corners, an 88,886-net-rentable-square-foot facility in Waukesha, Wis. The asset sold for $9.5 million to a limited liability company affiliated with Baron Properties. The brokerage firm represented both the seller and the buyer in the transaction.
  • The Mele Group of Marcus & Millichap Arranges the Sale of Self-Storage Facility in Milwaukee Metropolitan Area
    By Marcus & Millichap
    WAUKESHA, Wis., October 11, 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 Self Storage of Goerkes Corners, a 555-unit self-storage facility located in Waukesha, Wis., according to Steven D. Weinstock, regional manager of the firm's Chicago Oak Brook office. The asset sold for $9,500,000.
  • Andover Properties Sells Storage King Portfolio
    By Evelyn Jozsa, Commercial Property Executive
    The Mele Group of Marcus & Millichap has arranged the sale of the Storage King USA Philadelphia Portfolio, three self-storage properties totaling 152,596 square feet. Marcus & Millichap’s Tampa-based self-storage brokerage team represented the seller, Andover Properties, and secured the buyer, a limited liability company, Yardi Matrix data shows.
  • The Mele Group of Marcus & Millichap Arranges the Sale of Newly-Constructed Phoenix MSA Self-Storage Facility
    By Marcus & Millichap
    MESA, AZ, September 25, 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 Higley Self Storage of Broadway, a self-storage facility located in Mesa, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office.