Marcus & Millichap negotiated the sale of Oak Crest Storage, a 261-unit self-storage property in Iowa City, Iowa.
George Kondracke, Brian Kelly, Gabriel Coe, Nathan Coe and Brett Hatcher, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer, Streamlined Storage, bringing them to their fourth Self Storage location in Iowa. Jon Ruzicka, Broker of Record in Iowa, assisted in the transaction.
Located at 4942 Oak Crest Hill Road S.E., Oak Crest Storage spans 5.70 acres approximately 30 miles south of Cedar Rapids. Built in 1999, the property features 27 climate-controlled units, 101 non-climate-controlled units, 22 enclosed parking spaces, 109 uncovered parking spaces, and two leasable offices, totaling 34,397 rentable square feet.
