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Chicago & Midwest  + Midwest  + Retail  |  January 3, 2022
A-Z Self Storage Indiana
Paul Bubny
By: Paul Bubny

Marcus & Millichap Closes Sale of Indiana Storage Portfolio

Marcus & Millichap arranged the sale of A-Z Self Storage, a four-property self-storage portfolio located in La Porte and Plymouth, IN. Terms of the sale weren’t disclosed. 

SVP Sean M. Delaney, based in Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf a South Bend-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 VP, and Christopher Marks, senior managing director, Marcus & Millichap Capital Corporation. 

The facilities are stabilized and highly occupied, with climate-controlled and non-climate-controlled units and parking, Marcus & Millichap said.  Additional revenue streams stem from retail and industrial tenants, with potential for further expansion in the future. 

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Inside The Story

Marcus & Millichap's Delaney

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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