The sale of Allstate Self Storage, a 61,000 square foot, 840 unit, self storage facility built in 1980 was recently recorded. The location of the property is 10411 N. 19th Ave. in Phoenix, Arizona. The property sold to an investor from Albuquerque, New Mexico. The seller was an individual from Phoenix, Arizona. The sales price was $2,800,000 which equates to $46 per square foot. The building was about 70% occupied at closing.
Bill Alter and Denise Nunez of Rein & Grossoehme specialize in the sale of storage properties and they represented both parties in the transaction, which was their 120 successful sale.
Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing. For more information, please visit: https://www.high-yield.com/ ]]>