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Peoria Portfolio Sold to Out-of-State Investors


All Star Mini Storage and Puro Mini Storage in Peoria, Illinois, were sold to out-of-state investors. Together, they comprise 73,740 square feet. All Star at 7028 W. Plank Road contains 270 units and 36 vehicle-storage spaces, with half an acre for expansion. Located a mile east at 6014 W. Enterprise Road, Puro encompasses 26,940 square feet in 153 traditional units, plus five commercial units. The buyer and the seller, a private investor, were represented in the transaction by Marla Čolić and Anne Williams, investment specialists for Marcus & Millichap (M&M), a commercial real estate investment firm with offices throughout Canada and the United States. They were assisted by fellow M&M Broker Steven Weinstock. (Read more...)

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