Phoenix MSA 5-Property Self-Storage Portfolio Opportunity – Phoenix, Gilbert & Mesa, AZ

Price
Market Bid
NRSF
402,030
Phoenix, Gilbert & Mesa, AZ
Portfolio
Five-property portfolio in one of the most sought after and fastest growing MSA’s in the Nation –Phoenix MSA
High-visibility, heavily trafficked locations with easy access to major interstates and highways
Class-A, best-in-market, facilities with both Climate Control and Drive-up exterior options
Highly affluent areas with an average median household income of $96,789 across the portfolio
402,030 total NRSF and 3,725 units across the portfolio

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of a best-in-market, Class-A, five-property self-storage portfolio in the Phoenix MSA.

Arizona is a highly desirable state for self-storage, particularly in the Phoenix MSA, which is ranked 9th among the fastest-growing metros in the United States. Maricopa County, within which Phoenix is located, has a population of 4.8 million people and a strong focus on attracting top 500 companies. The Phoenix MSA is expected to continue its growth and establish itself as one of the leading municipalities in the country. This portfolio consists of five Class-A builds in Arizona, known for their high quality. Acquiring this portfolio would provide an immediate opportunity for growth and scalability. The properties are located in four affluent areas within the Phoenix MSA.

The Tramonto property, situated at 34995 N Valley Pkwy, is conveniently located near I-17, which has a high daily traffic volume. It is the only facility within a 3-mile radius, serving the community effectively. Built in 2020, the facility has 81,425 net rentable square feet (NRSF) and saw rapid leasing of its 765 units. With the TSMC plant under construction about 4 miles southwest of the facility, there will be an estimated 2,000 employees from the $12 billion project, covering an area of 1,129 acres. This will contribute to increased demand for storage and allow for aggressive rate increases and consistently high occupancy rates. In addition to the TSMC plant, there are plans for nine apartment developments south of Tramonto, potentially adding over 2,600 units to the market.

The 16th Street property, located at 3325 N 16th St, Phoenix AZ 85016, is situated in the heart of Phoenix. It is surrounded by a densely populated area with 174,582 residents within a three-mile radius. The property has excellent visibility, as it fronts on 16th Street, which has a high daily traffic volume. Built in 2019, the facility offers 938 units and covers 94,550 NRSF of storage space on 1.9 acres of land. It also benefits from immediate access to another high-traffic road, with a daily volume of vehicles. The current physical occupancy is 82.5%, and the economic occupancy stands at 88.0%.

Two facilities are located in the city of Gilbert. The first, at 1965 E Ray Rd., has a total of 68,100 NRSF and 680 units. The second facility, situated at 670 Gilbert Rd., offers 738 units across 80,825 NRSF of storage space. These two locations are less than four miles apart, providing excellent market exposure. The surrounding neighborhoods have a high median household income of more than $95,000 in the 3 mile radius, which suggests potential for future rent rate growth.

The Pecos property is situated in a growing area of Mesa, just south of the Phoenix-Mesa Gateway Airport, at 8803 E Pecos Rd. This facility has 77,130 NRSF of storage space, comprised of 604 units. The region where it is located has plans and ongoing construction for 3,618 apartment units. The median household income in this market exceeds $115,000, allowing for the implementation of future rate increases. Additionally, Mesa is the third largest city in Phoenix and has experienced rapid growth, including the development of the 3,200-acre East Mark community to the northeast of the facility.




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