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Marcus & Millichap Closes Self-Storage Deal in Northwest IN
Marcus & Millichap finalized the sale of Econo Self Storage Portfolio, a 114,280-square-foot self-storage property in Cedar Lake, IN. Terms of the sale weren’t disclosed.
SVP Sean M. Delaney and senior associate Jeffrey L. Herrmann, both based in Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf of the seller, a partnership.
The buyer, a limited liability company, was secured and represented by Herrmann and Delaney. Josh Caruana assisted in closing the transaction as broker of record in Indiana.
Econo Self Storage Portfolio is located at 10630 W. 133rd Ave. in Cedar Lake, within Lake County in northwest Indiana. The property, which benefits from exposure on two highways, is 95% occupied and has large expansion opportunities on several vacant acres.
- ◦Sale/Acquisition

