Press Releases
Marcus & Millichap Arranges the Sale of a 31,210-Square-Foot Self-Storage Property in Rockford, Illinois
November 14, 2023
ROCKFORD, Illinois, November 14, 2023– Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Superior Self Storage of Rockford, a 31,210-square-foot self-storage property located in Rockford, Illinois, according to Steven D. Weinstock, Regional Manager and Senior Vice President of the firm’s Chicago Oak Brook office. The asset sold for above price guidance with multiple offers received.
Senior Managing Director, Sean M. Delaney, an investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Delaney.
Superior Self Storage of Rockford is located at 1711 York Ave in Rockford, Illinois. The property features 204 non-climate-controlled units, an on-site manager’s office/residence, four rental apartments and one single family residence. The site is well situated on 10 total acres with 325 feet of street frontage with approximately 14,100 vehicles per day. The property also has expansion potential on approximately three vacant acres.
Senior Managing Director, Sean M. Delaney, an investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Delaney.
Superior Self Storage of Rockford is located at 1711 York Ave in Rockford, Illinois. The property features 204 non-climate-controlled units, an on-site manager’s office/residence, four rental apartments and one single family residence. The site is well situated on 10 total acres with 325 feet of street frontage with approximately 14,100 vehicles per day. The property also has expansion potential on approximately three vacant acres.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
