Iron Guard Storage Enters Indiana Market

By Evelyn Jozsa

Washington Avenue Mini Storage

Iron Guard Storage has purchased Washington Avenue Mini Storage, an 80,875-square-foot facility in Evansville, Ind. The Mele Group of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company, and secured the buyer in the transaction. The property marks Iron Guard Storage’s first purchase in Indiana.

Situated at 4619 Washington Ave., the storage facility is near Interstate 69 and freeways 66 and 41, approximately 5 miles from downtown Evansville. Additionally, the asset is positioned across from Washington Square Mall and is exposed to more than 41,800 cars per day. Washington Avenue Mini Storage comprises 144 climate-controlled and 536 drive-up units, ranging from 25 to 300 square feet. Other features of the storage include security cameras and controlled access. The facility also offers moving supplies such as boxes, tape, plastic covers and locks.

“We are very pleased to be part of Iron Guard’s expansion into the Midwest, and at the same time help the sellers conclude their successful ownership, development and expansion of this outstanding facility,” said Jeffrey Herrmann, investment specialist at Marcus & Millichap, in prepared remarks.

In June, The Mele Group also brokered the sale of Security Storage, a 382-unit facility in Spring Hill, Fla. 

Image courtesy of The Mele Group