MARCUS & MILLICHAP ARRANGES THE SALE OF CHICAGO MSA SELF-STORAGE FACILITY

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    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 Kendall Point Self Storage, a 61,700-square foot self-storage located in Oswego, IL, according to Steven D. Weinstock, Vice President / Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $2,875,000.

    Sean M. Delaney, Vice President Investments in Marcus & Millichap’s Chicago Oak Brook office and a director in the firm’s National Self Storage Group, had the exclusive listing to market the property on behalf of the seller, Limited Liability Company. The buyer, Sparkplug Capital, was also secured Sean Delaney.

    Kendall Point Self Storage, located at 1960 Wiesbrook Road, is situated on approximately 3.94 acres of land and consists of 13 single-story buildings with 425 non-climate controlled units. Built in 2001, the property has numerous amenities including, but not limited to, an on-site manager’s office with retail center, security lighting throughout, video surveillance, electronic key card access gate, chain link perimeter fencing and drive-up units with roll-up doors.

    About Marcus & Millichap

    With over 1,300 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 6,600 transactions in 2013 with a value of approximately $24 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com

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