MJ Partners Sells Interest in Elmhurst Self Storage

MJ Partners Self Storage Group of Chicago sold a 50 percent interest in the newly built Elmhurst Self Storage in Elmhurst, Ill. The transaction values the facility at $8.2 million, or about $100 per square foot, through an investment by a local private family that is new to the self-storage industry. Developed by Storage Options of Palatine, Ill., the site will be rebranded as Metro Self Storage. It consists of three stories with 81,525 square feet and 823 interior storage units, and is fully climate-controlled. For more information, e-mail [email protected].