Marcus & Millichap Brokers $2.86M Sale Of Lark Self Storage In Janesville Wisconsin

The property asset involved in this transaction is a self-storage facility located at 3031 East Delavan Drive in Janesville, Wisconsin. The property spans 9.44 acres and consists of 242 rental units, which include 176 self-storage units along with 66 RV and boat spaces. The transaction was completed for a total price of $2,860,000, resulting in a price per unit of approximately $11,818.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $2,860,000
• Units: 242
• PPU: $11,818
• Address: 3031 East Delavan Drive
• Market: Janesville, WI
• Acres: 9.44

This transaction was brokered by Jon Silvers, Sean Delaney, and Daniel Bowar from Marcus & Millichap. They facilitated the sale of the Lark Self Storage facility, which encompasses both the self-storage units and additional RV and boat storage spaces.