Marcus & Millichap brokered the sale of Space Management, a 33,840-square-foot self-storage facility located in Crystal Lake, Illinois, according to Steven D. Weinstock, regional manager, first vice president of the firm’s Chicago Oak Brook office and national director of the firm’s self-storage division.
Jeffrey L. Herrmann, associate, and Sean M. 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, a private investor. The buyer, also a private investor, was secured and represented by Timothy B. Stephenson, associate, Andrean Angelov, first vice president, and Ryan D. Engle, senior managing director and investment specialists in Marcus & Millichap’s Chicago Oak Brook office.
Space Management is located at 920 Cog Circle in Crystal Lake. The site features large commercial spaces and a long-term billboard income stream.