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CHICAGO-Storage Specialists LLC acquired three U-Stor-It self-storage facilities aggregating 209,274 sf and 1,765 storage units. The portfolio traded for $15 million. Two are located on the city's southwest side and one is in a southwest suburb.
The single-story facilities opened between 2000 and 2003. They are located at 4222 S. Pulaski Rd. and 7131 W. 60th St., Chicago, and 4821 W. 67th St., Bedford Park, IL. All three are located in close proximity to the Midway Airport commercial real estate market.
Marc Boorstein and Jeff Jacobson, principals of MJ Partners, represented Elgin, IL-based U-Stor-It. All three properties will now be managed by Metro Self Storage of Lake Bluff, IL. According to Boorstein, Metro Self Storage is strictly a third-party manager.
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