Marcus & Millichap facilitated the sale of Stowaway Self Storage, a 44,038-square-foot self-storage facility located in Collinsville, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. Terms of the transaction were not disclosed.
Britney Hendricks and Sean M. Delaney, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, a private investor, was also secured and represented by Hendricks and Delaney.
Stowaway Self Storage is located at 1 Business Center Court in Collinsville. The property is one of the largest self-storage facilities in a 10-mile radius with 44,038 rentable square feet. It has 354 units consisting of 16 different unit types ranging from five to sixty square feet, outside storage and U-Hauls for rent.