Marcus & Millichap Inc.
05/19/2026 | Press release | Distributed by Public on 05/19/2026 11:38
Marcus & Millichap Facilitates $2.86M Sale of 242-Unit Self-Storage Property in Janesville, Wisconsin
Press Releases
Marcus & Millichap Facilitates $2.86M Sale of 242-Unit Self-Storage Property in Janesville, Wisconsin
May 19, 2026
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JANESVILLE, Wis., May 19, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Lark Self Storage, a 242-unit self-storage property located in Janesville, Wisconsin. The property sold for $2.86 million.
"This transaction completed the seller's 1031 exchange into a larger retail asset," said Jon Silvers, associate investments. "Despite a compressed timeline, we generated strong investor interest and multiple competitive offers through an accelerated marketing process. We remain optimistic about the Janesville market, which continues to benefit from strong storage fundamentals, high occupancy levels and opportunities for rental growth and operational improvements."
Silvers, Sean Delaney and Dan Bowar, investment specialists in Marcus & Millichap's Chicago Oak Brook and Milwaukee offices, had the exclusive listing to market the property on behalf of the local seller. Silvers and Delaney procured the buyer, a local business owner.
Lark Self Storage is situated on 9.44 acres at 3031 E. County Rd. O in Janesville. Built in 2015 with recent updates completed in 2025, the facility includes 176 non-climate-controlled self-storage units across 40,900 rentable square feet, along with 66 RV and boat storage parking spaces. The property is located along Interstate 90 with access to Madison, Milwaukee and Chicago. It will be operated by the new ownership as Interstate Secure Storage.
"This transaction completed the seller's 1031 exchange into a larger retail asset," said Jon Silvers, associate investments. "Despite a compressed timeline, we generated strong investor interest and multiple competitive offers through an accelerated marketing process. We remain optimistic about the Janesville market, which continues to benefit from strong storage fundamentals, high occupancy levels and opportunities for rental growth and operational improvements."
Silvers, Sean Delaney and Dan Bowar, investment specialists in Marcus & Millichap's Chicago Oak Brook and Milwaukee offices, had the exclusive listing to market the property on behalf of the local seller. Silvers and Delaney procured the buyer, a local business owner.
Lark Self Storage is situated on 9.44 acres at 3031 E. County Rd. O in Janesville. Built in 2015 with recent updates completed in 2025, the facility includes 176 non-climate-controlled self-storage units across 40,900 rentable square feet, along with 66 RV and boat storage parking spaces. The property is located along Interstate 90 with access to Madison, Milwaukee and Chicago. It will be operated by the new ownership as Interstate Secure Storage.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on May 19, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 19, 2026 at 17:38 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]