Iron Guard Storage, which operates 20 self-storage facilities in nine states, has acquired Washington Avenue Mini-Storage in Evansville, Ind., its first in the state. The property at 4619 Washington Ave. is near the intersection with Green River Road, across from Washington Square Mall shopping center. It comprises 80,875 square feet of storage space in 680 climate-controlled and drive-up units.
“We are very excited to have acquired one of the finest self-storage facilities in the region and to begin operations in Indiana,” said Iron Guard CEO David Ross.
The buyer and the seller, a limited liability company, were represented in the transaction by Sean M. Delaney, Jeffrey L. Herrmann and Michael A. Mele, investment specialists for Marcus & Millichap (M&M). They were assisted by fellow broker Josh Caruana.
Iron Guard operates facilities in Alabama, Arkansas, Georgia, Indiana, Nevada, North Carolina, Texas, Virginia and Washington. In addition to traditional storage, it offers vehicle storage.
Founded in 1971, M&M is a commercial-property investment firm with more than 1,500 investment professionals in offices throughout Canada and the United States.
Iron Guard Storage, Website