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Marcus & Millichap arranged the sale of a multi-story self-storage facility located in Hammond, Indiana

Marcus & Millichap Closes Sale of Hammond, IN Storage Facility

Marcus & Millichap closed the sale of Alpha Storage, a multi-story facility currently with 68,277 rentable square feet of self-storage located in Hammond, IN. Deal terms weren’t disclosed.. 

Jeffrey L. Herrmann, senior associate, and Sean M. Delaney, senior managing director in Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf of the seller, a local limited liability company.  The buyer, a Chicago-based limited liability company, was secured and represented by Herrmann and Delaney.  Josh Caruana, Indiana broker of record, assisted in closing this transaction.   

Alpha Storage is located at 252 Wildwood Rd. in Hammond, within a vintage, rehabilitated building with substantial room for expansion beyond its existing 595 units, and currently contains both indoor and outdoor RV and boat parking.  The property collects additional cell tower income with 5G upside via direct access to as many as seven cellular-communications carriers. 

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Marcus & Millichap Chicago Oak Brook

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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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