Marcus & Millichap brokered the sale of a Northwest Indiana U-Stor-It portfolio and development, a combined 90,935 square feet of self-storage space located in Crown Point and Merrillville, Indiana.
Jeffrey Herrmann, senior associate, and Sean Delaney, senior managing director, 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 local limited liability company.
The buyer, a Chicago-area limited liability company, was also secured and represented by Herrmann and Delaney. Josh Caruana, Indiana Broker of Record, assisted in closing this transaction.
The Northwest Indiana U-Stor-It portfolio and development consists of two properties, one at 800 E. North St. in Crown Point and a second at 8757 Louisiana St. in Merrillville.
In the high-growth markets of Merrillville and Crown Point, these two well-positioned facilities contain over 700 units across 90,000 rentable square feet. The centers have high occupancy and strong demographics, with additional room for 50,000-rentable-square-feet of expansion.
