Marcus & Millichap announced the sale of Randall Road Self Storage, a self-storage facility located in North Aurora, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office.
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.
Located at 1051 Kettle Avenue in North Aurora, the facility has strong visibility along Randall Road, which serves as a primary connector to the St. Charles, Batavia and Geneva suburbs. The surrounding five-mile demographics feature an average household income in excess of $90,000, far surpassing the national average. 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.
