Etude Storage Capital Acquires Self Storage Portfolio In Chicago From Self Storage 1 For $150.216M

Etude Storage Capital acquired a two-property self-storage portfolio located at 2001 North Elston Avenue and 3839 North Sheffield Avenue in Chicago, IL. The portfolio consists of 150,216 square feet and a total of 2,043 units. The properties are situated in the Lincoln Park/Bucktown and Wrigleyville/Lakeview neighborhoods, which are known for their urban storage market density.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: Not specified
• Square Footage: 150,216
• Units: 2,043
• Buyer: Etude Storage Capital
• Seller: Self Storage 1
• Brokers: Greg Wells, Mike Mele, Luke Elliott & Ross Bailey - Cushman & Wakefield; Steve Mellon, Brian Somoza, Dan Reynolds & Tom Kirschbraun - JLL

Cushman & Wakefield and JLL represented Self Storage 1 in the transaction, highlighting the operational scale and lease-up potential of the portfolio within one of Chicago's denser urban storage markets.