Keep It U-Lock & Storage, a self-storage facility in Cedar Lake, Ind., was recently sold to a private investor for $1.78 million. The 8.3-acre property at 13649 Wicker Ave. is comprised of 50,840 net rentable square feet. It features 291 storage units, a 4,000-square-foot warehouse, 175 boat/RV spaces and a managers office. Facility amenities include drive-up units, video cameras and wide aisles.
Investment specialists Sean M. Delaney and Matthew Duda from the Chicago/Oak Brook office of Marcus & Millichap Real Estate Investment Services represented the buyer and seller. They were assisted by broker Josh Caruana in closing the transaction.
Marcus & Millichap has more than 1,000 investment professionals in offices nationwide and closed more than 6,100 transactions last year.