Industrial N Illinois

Marcus & Millichap arranges sale of Rockford self-storage facility

Marcus & Millichap arranges sale of Rockford self-storage facility,ph1

Marcus & Millichap closed the sale of a two-property self-storage portfolio, consisting of 100,623-square feet in Rockford, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The sites are located approximately 1.5 miles from one another at 3231 and 4850 N. Main Street in Rockford. Terms of the transaction were not disclosed.

Jeffrey L. Herrmann, investment associate, and Sean M. Delaney, senior vice president investments in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured and represented by Herrmann and Delaney.