Alter and Nunez Close Three-Property Portfolio

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    R&GBill Alter and Denise Nunez closed the sale of a three-property portfolio on November 6, 2014.  Two of the properties were located in Mesa, Arizona and one in Glendale, Arizona.  All three had been operated under the name of A Self Storage. The properties sold for a total of $5,476,000 and consisted of 177,185 square feet and 1,695 units.  All three had occupancy rates of less than 50% and sold for a combined cap rate of 2.6% and a cost per foot of just under $31.00.  The seller was a group of investors from northern California and the new owner is from Portland, Oregon.  These sales bring the total number of successful closings for the Alter-Nunez team to 138. For more information contact Bill Alter at 602-315-0771 or Bill@RGcre.com.  You may also visit www.AZSelfStorageBroker.com.  ]]>

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