ACL Self Storage in Elgin, Ill., sold May 4 for an undisclosed price. The 36,080-square-foot facility has 363 storage units. It was developed in the mid-1970s.
The facility has considerable maintenance needs. The buyer, an experienced self-storage operator, is also a contractor.
Bruce Bahrmasel of Land Star Realty Group represented the seller. Bahrmasel is part of the Argus Self Storage Sales Network. Based in Denver, the Argus Self Storage Sales Network was formed in 1994 to assist owners and investors of self-storage. Argus has 36 broker affiliates covering nearly 40 markets.