Rein & Grossoehme Broker Sale of Lock Mini Storage in Peoria, AZ


    Bill Alter and Denise Nunez of Rein & Grossoehme Commercial Real Estate completed their 129th self storage sale on April 16, 2014. They represented both parties in the sale of Sure Lock Mini Storage in Peoria, Arizona. The property was built in 1985 and consisted of 645 units in approximately 76,200 square feet. The location of the property is 8780 W. Bell Rd., in Peoria, Arizona. The property sold to a limited liability company controlled by Business Property Trust of Portland, Oregon. The seller was New River Development Company LLP from Wichita, Kansas. The sales price was $4,300,000, which equates to $56.50 per square foot. The building was 70% occupied at closing.

    Bill Alter and Denise Nunez handled the transaction on behalf of both parties. The Alter Nunez Team specializes in storage facility sales and this represents their 129th successful closing.

    About Rein & Grossoehme

    Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing. For more information, please visit:



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