Marcus & Millichap Real Estate Investment Services has sold Icon Secure Storage located in the Chicago MSA.
Sean Delaney, an associate vice president investments in Marcus & Millichap’s Chicago Oak Brook office and director in the firm’s National Self Storage Group, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer was Sovran Acquisition LP, a REIT based in Buffalo, N.Y. operating as Uncle Bob’s Self Storage. Sovran was represented by Angelo Tomasello of the Locke Group.
The property is located at 232 S. Lake St., Aurora, and will be re-branded as Uncle Bob’s Self Storage. The three-story, 100 percent climate controlled, state-of-the-art property contains 71,824 rentable square feet, 768 storage units and is highly visible to more than 24,000 cars per day on Route 31 (Lake Street). Amenities to the property include: marble, porcelain and granite appointed retail office, a two-bedroom/two-bathroom mangers’ apartment, drive-in access to the main and lower levels, two high speed elevators, 24-hour access and a security system featuring digital keypad access, individually alarmed units and 24-hour digital video surveillance.
