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Chicago & Midwest  + Illinois  + Industrial  |  June 24, 2024
Jasmine Kilman
By: Jasmine Kilman

Marcus & Millichap Arranges Sale of Outdoor Storage in IL

Marcus & Millichap arranged the sale of 901 Ridgeway Avenue, a 23,820-square-foot industrial storage property located in Aurora, Illinois. The property sold for $2 million.

“The property received multiple offers and went under contract quickly due to the high demand for industrial outdoor storage facilities in the area,” said Jeff Rowlett, senior managing director investments. Rowlett, an investment specialist in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, Ridgeway Partners, LLC.

Michael Kammes with Re/Max Commercial procured the buyer, RDAA Express Inc. Steven Weinstock, Broker of Record in Illinois, assisted in closing the transaction. The property is situated on 3.18 acres, just 43 miles from downtown Chicago. The space consists of four buildings and has an expansive lot for outdoor storage and parking.

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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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