MILWAUKEE, WI | The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a 90,900 square foot CubeSmart (Managed) self-storage property.  The Kenosha, Wisconsin self-storage facility was purchased by Inland Real Estate Acquisitions, LLC (“Inland”).

Adam Schlosser, Senior Managing Director, Charles “Chico” LeClaire, Executive Managing Director, and Jack Sullivan, Investment Associate, in the firm’s Denver office, represented the seller, Macritchie Group.  “This asset complements the buyer’s existing self-storage holdings in the area,” says Schlosser. “It was a competitive bidding process, but Inland ultimately won out.” Matthew Tice, Senior Vice President of Acquisitions represented Inland and Todd Lindblom, Regional Manager in the firm’s Wisconsin office, served as the broker of record.

“This asset complements the buyer’s existing self-storage holdings in the area. It was a competitive bidding process, but Inland ultimately won out.”

CubeSmart (Managed) consists of one two-story building with  900 climate-controlled units. The facility features two large, covered loading bays with elevator access as well as multiple secondary points of entry for optimal access. There is also a large leasing office in the interior of the building. The facility features many amenities including, but not limited to, 24/7 video monitoring and alarm system with motion lighting throughout the facility.