News & Research

 Marcus & Millichap arranged the sale of The Storage Place, a 45,950-square-foot self-store property in Fort Wayne, Indiana.

“This transaction reflects an improving outlook for the self-storage sector, supported by improved first-quarter reports,” said Jeffrey Herrmann, senior director of investments. “The property is well-positioned for the new owner to enhance operating performance through rate adjustments and strategic improvements. Buyers continue to target value-add self-storage opportunities where below-market rents create a clear path to increased revenue.” 

 Marcus & Millichap negotiated the sale of U.S. 30 Storage, a 500-unit self-storage property in Montgomery, Illinois.

Jon Silvers and Sean Delaney, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a trust, and procured the buyer, a national real estate investment firm. 

Located at 1400 Bohr Ave., the 39,660-square-foot property is positioned along U.S. Route 30, with visibility to approximately 31,600 vehicles per day.

 Marcus & Millichap has arranged the the sale of a two-property, 580-unit self-storage portfolio in Topeka, Kansas.

“This acquisition expands the buyer’s existing footprint in Kansas and adds two performing, stable assets to their portfolio,” said Sean Delaney, senior managing director investments. “The buyer has engaged KO Storage to manage the entire portfolio moving forward.”

 Delaney, investment specialist in Marcus & Millichap’s Chicago Oak Brook office...

Delaney represented Route 59 Self Storage and the buyer in the transaction.

“The owners, who were already retired, had inherited the property and didn’t want to own and operate the property anymore,” said Delaney...“Despite the headlines, Chicago is still an attractive market to own and operate as demonstrated by Storage Post’s recent entry into the Chicago market with a five-property acquisition,” said Delaney. “There are many submarkets in Chicago that continue to see achieved rents increasing with strong leasing activity.”

Marcus & Millichap arranged the sale of Self Storage of Beach Park, a 57,040-square-foot self-storage property in Beach Park, IL. Sean M. Delaney, senior managing director investments, marketed the property for the seller...The buyer, Extra Space Storage, was also secured by Delaney. Delivered in 2021, the property offers 197 non-climate-controlled units and 250 climate-controlled units...From June 2022 Self Storage of Beach Park experienced an average monthly revenue growth of 4.28%.

Key CPI measures resume descent. Annual     growth in the headline and core consumer price indices — the latter of     which omits food and energy — lowered to 3.4 and 3.6 percent in April,     respectively. While bumpy inflation over the last few months curbed Wall     Street expectations for near-term overnight lending rate cuts by the     Federal Reserve, April's cooler ...

Marcus & Millichap announced today the sale of Superior Self Storage of Rockford, a 31,210-square-foot self-storage property located at 1711 York Ave in Rockford, Illinois. The asset sold for above price guidance with multiple offers received. Senior Managing Director Sean M. Delaney had the exclusive listing to market the property on behalf of the seller...the buyer, a limited liability company, was secured and represented by Delaney...

Marcus & Millichap arranged the sale of Lake Avenue Lock-Up, a 45,250-square-foot self-storage property located in Wilmette, Illinois. Jeffrey Herrmann, First Vice President, and Sean Delaney, Senior Managing Director had the exclusive listing...The Northshore self-storage asset received multiple competitive offers and is situated in a strong demographic area with a high barrier to entry and limited supply.

Marcus & Millichap closed the sale of KCI RV Storage & Development, a 104,850-square-foot self-storage facility in Smithville, Missouri. Robert Cook, Senior Associate, and Sean Delaney, Senior Managing Director had the exclusive listing to market the property on behalf of the seller...The buyer, a limited liability company, was secured and represented by Cook and Delaney.