PHOENIX, ARIZ. (April 20, 2021) – NAI Horizon Managing Director Denise Nunez and Associate Victoria Filice represented the seller and secured the buyer in the $8.135 million investment disposition of Huntley Self Storage/Huntley Industrial Condominiums in Huntley, Illinois.
The Nunez Self Storage Group, working with the local NAI Hiffman office, represented the seller, Gerald Bernat/Bernat Development Company of Key West, Florida. The buyer was Elmdale Ventures LLC of Skokie, Illinois.
The assets are located at 11181, 11245, 11241, and 11221 Giordano Court in Huntley, a part of the Metro Chicago area.
“The acquisition was a value add investment opportunity which will enable the buyer to expand their presence in the market, adding to their existing location, while providing an opportunity to convert some of the existing RV spaces at the Huntley Self Storage site for much needed additional self-storage units,” Nunez said.
The acquisition includes 460 units, of which 149 are outdoor parking totaling 48,600 NRSF. A warehouse consisting of approximately 26,000 NRSF was also part of the sale.
Nunez specializes in self-storage, offering localized expertise in Arizona and national representation working with NAI offices throughout the U.S.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 375+ offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide.
NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit: www.naiglobal.com.