Marcus & Millichap negotiated the sale of Discount Storage, a 53,257-square-foot self-storage facility in Plymouth, Indiana.
Jeffrey Herrmann, senior associate, and Sean Delaney, senior vice president, and investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust based near Indianapolis.
The buyer, a Pennsylvania-based limited liability company, was secured and represented by Herrmann and Delaney. Financing was obtained on behalf of the buyer by Stephen Filippo, first vice president, Marcus & Millichap Capital Corporation. Josh Caruana, Indiana Broker of Record, assisted in closing this transaction.
Discount Storage, Incorporated is located at 16220 Lincoln Highway in Plymouth. The site is fully automated with an INSOMNIAC kiosk and features 88 climate-controlled units, 274 standard units, and 19 inside and outside RV spaces. The facility has seen stable occupancy levels exceeding 90 percent since construction in 2016.
