Marcus & Millichap Arranges Sale of 500-Unit Self-Storage Facility in Montgomery, Illinois

Marcus & Millichap Completes Sale of Illinois Self-Storage Property

Marcus & Millichap brokered the sale of U.S. 30 Storage, a 500-unit self-storage property in Montgomery, Illinois.“The sale of US 30 Storage reflects continued investor demand for quality self-storage assets in strong suburban markets,” said Jon Silvers, associate investments. “The property will benefit from professional management by CubeSmart, and we remain optimistic about the sector as investors continue to target assets offering durable cas…

Marcus & Millichap Arranges Sale of 500-Unit Self-Storage Facility in Montgomery, Illinois

MONTGOMERY, ILL. — Marcus & Millichap has arranged the sale of U.S. 30 Storage, a 500-unit self-storage property positioned along U.S. Route 30 in Montgomery, a western suburb of Chicago. Jon Silvers and Sean Delaney of Marcus & Millichap represented the seller, a trust, and procured the buyer, a national real estate investment firm. The property will be professionally managed by CubeSmart. Located at 1400 Bohr Ave., the 39,660-square-foot asset…