The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 15, 2017
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Trio of AZ Self-Storage Properties Fetch $8.6 Mil

4/06/17

Business Property Trust has sold three self-storage facilities in Tempe, AZ for $8.6 mil. The three properties include: AA Bargain I & II Self-Storage Portfolio at 1700 E. Curry Road and 816 N. Scottsdale Road, and Tempe Bargain Self-Storage at 1964 E. University Drive.

Tempe Choice Self-Storage of Woodland Hills, CA paid $4.1 mil for the AA Bargain I & II Self-Storage Portfolio. Sitting on 4.44 acres, the two self-storage facilities have a total of 380 units and a combined 49.9k sf. The properties were 90% occupied at time of sale.

KEMF Tempe Storage LLC of Scottsdale, AZ paid $4.5 mil for Tempe Bargain Self-Storage. The 63k sf self-storage facility has a total of 731 units and sits on 3.22 acres. The property was 82% occupied at the time of sale.

Cushman & Wakefield’s Paul Boyle and Rick Danis represented the buyers and the seller in these transactions.

“Located near the heart of the major growth Tempe is experiencing, along the Tempe Town Lake/Rio Salado district, all three properties are well positioned to benefit from the abundant infill multi-family housing planned and/or underway. Self-Storage facilities continue to remain popular with both investors and developers in the Phoenix market, in particular sites with infill locations,” said Boyle.





Return to the Archive page
 
 


 
 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2017 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media