CHICAGO– MJ Partners Self Storage Group announces the $7.2 million sale of the state-of-the-art self storage facility located at 9001 W. 47th Street in McCook, Illinois to a real estate fund managed by Morgan Stanley. The property consists of 69,945 square feet of rentable space and 698 storage units, and is approximately 90% occupied. The property features a unique two-story glass atrium entrance with complete drive-through access. The property was professionally managed by Extra Space Storage on behalf of JSM Ventures, and shall be rebranded as Safeguard Storage. “This sale represents to first non-distressed sale of a stabilized Class A self storage property in metropolitan Chicago in over three years.” States Marc Boorstein, principal with MJ Partners.]]>