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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