Sparkplug Capital LLC, a Boulder, Colo., company that operates the Red Dot Storage brand, recently purchased Kendall Point Self Storage in Oswego, Ill., for $2.8 million from a limited liability company. The 61,700-square-foot facility at 1960 Wiesbrook Road is on nearly 4 acres. Built in 2001, the property includes 13 single-story buildings and 425 units. Amenities include an onsite manager's office with retail center, security lighting, video cameras, electronically controlled access gate, chain-link perimeter fencing and drive-up units.
The buyer and seller were represented in the transaction by Sean M. Delaney, vice president of investments for the Chicago/Oak Brook office of Marcus & Millichap Real Estate Investment Services and a director of the firm’s National Self Storage Group.
Earlier this month, Sparkplug acquired Centerville Self Storage, a 47,650-square-foot facility in Woodstock, Ill. The company also operates one facility in Machesney Park, another in Rockford, Ill., and two in Yorkville, Ill.
Marcus & Millichap has more than 1,300 investment professionals in offices nationwide and closed more than 6,600 transactions last year. The company was founded in 1971.