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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 

Marcus & Millichap Completes Sale of Illinois Self-Storage Property

Marcus & Millichap brokered the sale of U.S. 30 Storage, a 500-unit self-storage property in Montgomery, Illinois.

“The sale of US 30 Storage reflects continued investor demand for quality self-storage assets in strong suburban markets,” said Jon Silvers, associate investments. “The property will benefit from professional management by CubeSmart, and we remain optimistic about the sector as investors continue to target assets offering durable cash flow and operational upside.”

Silvers and Sean Delaney, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a trust, and procured the buyer, a national real estate investment firm.

Located at 1400 Bohr Ave., the 39,660-square-foot property features 278 non-climate-controlled self-storage units and 222 outdoor parking spaces for vehicles, boats and RVs. The asset is positioned along U.S. Route 30, with visibility to approximately 31,600 vehicles per day.

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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.