Press Releases
Marcus & Millichap Arranges $4.1M Sale of 290-Unit Self Storage Portfolio in Michigan
February 18, 2026
LUDINGTON, Mich., Feb. 18, 2026 – 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 a 290-unit, two-property self-storage portfolio in Ludington, Michigan. The portfolio sold for $4.1 million.
“This portfolio presented a compelling opportunity to acquire two well-located self-storage assets in a strong lakeshore market with consistent demand drivers,” said Sean Delaney, senior managing director investments. “With 57,600 rentable square feet across two properties positioned just over a mile apart, the offering provided operational efficiencies and meaningful upside potential. The transaction reflects continued investor confidence in stabilized self-storage assets throughout Midwest markets.”
Delaney, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, in association with Paul Kerber, Marcus & Millichap’s Michigan broker of record, had the exclusive listing to market the property on behalf of the seller, a Michigan-based owner, and procured the buyer, My Storage, a sponsor expanding in the Midwest and Southeast markets and actively acquiring storage assets.
The portfolio includes Maple Leaf Self Storage at 125 S. Pere Marquette Highway and Oak Leaf Self Storage at 110 S. Jackson Road, located approximately 1.1 miles from each other. The 100% non-climate-controlled properties comprise 290 storage units and two outdoor boat and RV parking spaces totaling 57,600 rentable square feet on 4.28 acres.
“This portfolio presented a compelling opportunity to acquire two well-located self-storage assets in a strong lakeshore market with consistent demand drivers,” said Sean Delaney, senior managing director investments. “With 57,600 rentable square feet across two properties positioned just over a mile apart, the offering provided operational efficiencies and meaningful upside potential. The transaction reflects continued investor confidence in stabilized self-storage assets throughout Midwest markets.”
Delaney, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, in association with Paul Kerber, Marcus & Millichap’s Michigan broker of record, had the exclusive listing to market the property on behalf of the seller, a Michigan-based owner, and procured the buyer, My Storage, a sponsor expanding in the Midwest and Southeast markets and actively acquiring storage assets.
The portfolio includes Maple Leaf Self Storage at 125 S. Pere Marquette Highway and Oak Leaf Self Storage at 110 S. Jackson Road, located approximately 1.1 miles from each other. The 100% non-climate-controlled properties comprise 290 storage units and two outdoor boat and RV parking spaces totaling 57,600 rentable square feet on 4.28 acres.
# # #
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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
