Marcus & Millichap closed the sale of A-Z Self Storage, a four-property self-storage portfolio in La Porte and Plymouth, Indiana.
Sean Delaney, senior vice president and an investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a South Bend, Indiana-based individual/personal trust, with cooperating broker Roy Roelke of NAI Cressy.
The buyer, a limited liability company based in Pennsylvania, was secured and represented by Delaney. Josh Caruana, Indiana Broker of Record, assisted in closing this transaction. Financing was obtained on behalf of the buyer by Stephen Filippo, first vice president, and Christopher Marks, senior managing director, Marcus & Millichap Capital Corporation.
The four-property self-storage portfolio includes locations in La Porte and Plymouth, Indiana. The facilities are stabilized and highly occupied, with climate-controlled and non-climate-controlled units and parking. Additional revenue streams stem from retail and industrial tenants, with potential for further expansion in the future.
