Marcus & Millichap negotiated the sale of Brady Lane Self Storage, a 62,240-square-foot self-storage facility in Lafayette, Indiana.
Jeffrey Herrmann, senior associate, and Sean Delaney, senior managing director, both investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a California-based limited liability company.
The buyer, a Minnesota-based limited liability company, was also secured and represented by Herrmann and Delaney. Josh Caruana, Indiana Broker of Record, assisted in closing this transaction.
Brady Lane Self Storage is located at 1909 Brady Lane, five miles from Interstate-65 in the Lafayette market. The facility houses 574 storage units across eight buildings and features a rentable on-site premise.
A comprehensive national marketing campaign yielded multiple offers in under two months on the market.
