Chicago-Area Self-Storage Facility Changes Hands
- Dec 08, 2017
Marcus & Millichap has arranged the sale of Space Savers Storage, a 44,000-square-foot facility in Romeoville, Ill., for $4.4 million. The company marketed the sale on behalf of the seller, a private investor, and represented the buyer, also a private investor.
Built in 2005, the facility sits on a 4.9-acre site at 645 S. Weber Road, along interstates 55 and 355 and less than 40 miles from Chicago.
The Space Savers Storage facility features climate-controlled spaces, portable storage and units of diverse sizes, both outdoors and indoors. Outdoor units include wide driveways and exterior lighting. Interior units provide security through the utilization of alarm systems, cameras and additional locks. Besides these, the facility offers electronically controlled, 24-hour surveillance for all the units.
The brokerage team of Marcus & Millichap included Sean Delaney and Michael Mele, investment specialists with the Chicago Oak Brook office.
Marcus & Millichap has also recently arranged the sale of an eight-property self-storage portfolio located across seven Ohio cities.
Image courtesy of Yardi Matrix