Press Releases
Marcus & Millichap Arranges the Sale of a 45,250-Square-Foot Self-Storage Property in Wilmette, Illinois
November 08, 2023
WILMETTE, Illinois, November 8, 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 Lake Avenue Lock-Up, a 45,250-square-foot self-storage property located in Wilmette, Illinois, according to Steven D. Weinstock, Regional Manager and Senior Vice President of the firm’s Chicago Oak Brook office.
Jeffrey L. Herrmann, First Vice President, and Sean M. Delaney, Senior Managing Director, investment specialists 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 Herrmann and Delaney.
Lake Avenue Lock-Up is located at 3632 Lake Ave in Wilmette, Illinois. This attractive North Shore self-storage asset received multiple competitive offers and is situated in a strong demographic area with a high barrier to entry and limited supply.
Jeffrey L. Herrmann, First Vice President, and Sean M. Delaney, Senior Managing Director, investment specialists 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 Herrmann and Delaney.
Lake Avenue Lock-Up is located at 3632 Lake Ave in Wilmette, Illinois. This attractive North Shore self-storage asset received multiple competitive offers and is situated in a strong demographic area with a high barrier to entry and limited supply.
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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.
