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Chicago & Midwest  + Midwest  + Industrial  | 

580-Unit Self-Storage Portfolio in Topeka Trades Hands

Marcus & Millichap has arranged the the sale of a two-property, 580-unit self-storage portfolio in Topeka, Kansas.

“This acquisition expands the buyer’s existing footprint in Kansas and adds two performing, stable assets to their portfolio,” said Sean Delaney, senior managing director investments. “The buyer has engaged KO Storage to manage the entire portfolio moving forward.”

Delaney, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, in association with Colby Haugness, Marcus & Millichap’s Kansas broker of record, had the exclusive listing to market the property on behalf of the seller, a Utah-based seller, and procured the buyer, a Pennsylvania-based owner.

The portfolio consists of 580 units across two facilities located less than five miles apart at 3200 S. Kansas Ave. and 235 S.W. Gage Blvd. Totaling 67,721 rentable square feet, the properties are 84% occupied and include climate-controlled and non-climate-controlled units, outdoor parking, and portable units.

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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.