Marcus & Millichap Brokers Self-Storage Property Deal in Chicago
Marcus & Millichap completed the sale of a brand-new, 916-unit Public Storage property in Chicago, Illinois. “Above-average development complexity has constrained new self-storage supply, contributing to Chicago’s status as one of the industry’s strongest self-storage rental rate markets,” said Jeffrey Herrmann, senior director of investments. “Those market fundamentals continue to attract investors seeking high-quality assets…