CRE O Indiana

Marcus & Millichap sells 373-unit self-storage facility in Indiana

Marcus & Millichap closed the sale of Discount Storage, a 373-unit, 45,400-square-foot self-storage property in Plymouth, Indiana. The asset sold for $3.375 millin, a cost of $9,048 per unit.

Sean Delaney, senior vice president of investments in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller and also represented the buyer. Josh Caruana assisted on the transaction as the broker of record in Indiana.

Built in 2016, Discount Storage is located at 16220 Lincoln Highway and is made up of 272 non-climate-controlled units and 88 climate-controlled units. The facility offers 24/7 rental options with an available kiosk, computerized video cameras and outside parking for vehicles, RVs and boats.