Marcus & Millichap : Arranges the Sale of CubeSmart (Managed) in Kenosha, Wisconsin
May 13, 2024 at 05:56 pm
Share
Press Releases
Marcus & Millichap Arranges the Sale of CubeSmart (Managed) in Kenosha, Wisconsin
May 13, 2024
LinkedIn Email App
MILWAUKEE, May 13, 2024 - 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 90,900-square-foot CubeSmart (Managed) self-storage property. The Kenosha, Wisconsin self-storage facility was purchased by Inland Real Estate Acquisitions, LLC ("Inland").
Adam Schlosser, senior managing director, Charles "Chico" LeClaire, executive managing director, and Jack Sullivan, investment associate, in the firm's Denver office, represented the seller, Macritchie Group. "This asset complements the buyer's existing self-storage holdings in the area," says Schlosser. "It was a competitive bidding process, but Inland ultimately won out." Matthew Tice, senior vice president of Acquisitions represented Inland and Todd Lindblom, Regional Manager in the firm's Wisconsin office, served as the broker of record.
CubeSmart (Managed) consists of one two-story building with 900 climate- controlled units. The facility features two large, covered loading bays with elevator access as well as multiple secondary points of entry for optimal access. There is also a large leasing office in the interior of the building. The facility features many amenities including, but not limited to, 24/7 video monitoring and alarm system with motion lighting throughout the facility.
# # #
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.
Attachments
Original Link
Permalink
Disclaimer
Marcus & Millichap Inc. published this content on
13 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
13 May 2024 21:55:04 UTC.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.
MARCUS & MILLICHAP, INC. 
