Greenway Self-Storage Opportunity – Phoenix, AZ
3401 W Greenway Rd, Phoenix, AZ 85053

Phoenix, AZ
Densely populated 3-mile trade area with a population of 152,254
Located in one of the fastest-growing metros
Easy access to Interstate 17
High physical occupancy with the opportunity to raise rents
Exceptional visibility with approximately 60,582 annual average daily traffic volume
Strong cash flow of just under $1 MM
Built with industry-leading drive-thru for ease of access

The Cushman & Wakefield Self-Storage Advisory Group has been selected to exclusively market the sale of the CubeSmart-managed asset located in Phoenix, AZ.

This 70,281 net rentable square foot facility includes 517 climate-controlled first-floor units and 18 climate-controlled drive-up units totaling 535 units, as well as 4 RV & boat parking spaces with gated access. It includes premium features including gated access, 24/7 surveillance, and a drive thru loading area.

The 3-mile trade area boasts a dense population of 152,254 people with strong growth trends benefitting from recent migration trends. Located at the intersection of W Greenway Rd and N 35th Ave, the facility has exceptional visibility with approximately 64,000 annual average daily traffic volume. The facility is also located in close proximity to many fast-food restaurants, grocery stores, and retail locations, as well as easy access to Interstate 17.

With physical occupancy at 90% and economic occupancy at 55%, the strong migration trends provide ample opportunity for revenue growth and rate increases as Phoenix continues to be one of the fastest-growing metros. This facility also boasts an impressive in-place net operating income of just under $1MM.


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