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Chicago & Midwest  + Midwest  + Industrial  |  October 15, 2024
Jasmine Kilman
By: Jasmine Kilman

317-Unit Grand Rapids Self-Storage Sells

Marcus & Millichap completed the sale of Space Squared Self Storage, a 317-unit self-storage property located in Grand Rapids, Michigan.  

“The lease-up market for self-storage is very tough, but there are opportunities that present strong value for buyers,” said Jonathan Fawley, first vice president of investments. “Throughout this process, we effectively leveraged our platform to ensure maximum exposure to all potential buyers. Ultimately, this resulted in a seamless closing with a repeat institutional buyer.”  

Fawley, Nathan Coe, Gabriel Coe and Brett Hatcher, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller. Steve Chaben, Broker of Record in Michigan, assisted in closing the transaction. 

Space Squared Self Storage is located at 949 4 Mile Road NW, approximately five miles north of central Grand Rapids. The property features 194 climate-controlled units and 123 non-climate-controlled units across 41,925 rentable square feet. The Class A facility was built in 1995 and renovated in 2022. 

Read More News Stories About: Marcus & Millichap
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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