[fusion_builder_container hundred_percent=”no” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” overlay_color=”” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” padding_top=”” padding_bottom=”” padding_left=”” padding_right=””][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_image_id=”” background_color=”” background_image=”” background_position=”left top” undefined=”” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”0px” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_images picture_size=”auto” hover_type=”none” autoplay=”no” columns=”4″ column_spacing=”13″ scroll_items=”” show_nav=”yes” mouse_scroll=”no” border=”yes” lightbox=”yes” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””][fusion_image image=”http://cushwakeselfstorage.com/wp-content/uploads/2021/08/F8A9573-300×200.jpg” image_id=”4403|medium” link=”” linktarget=”_self” alt=”” /][fusion_image image=”http://cushwakeselfstorage.com/wp-content/uploads/2021/08/F8A9582-300×200.jpg” image_id=”4404|medium” link=”” linktarget=”_self” alt=”” /][fusion_image image=”http://cushwakeselfstorage.com/wp-content/uploads/2021/08/F8A9667-300×200.jpg” image_id=”4405|medium” link=”” linktarget=”_self” alt=”” /][fusion_image image=”http://cushwakeselfstorage.com/wp-content/uploads/2021/08/F8A9670-300×200.jpg” image_id=”4406|medium” link=”” linktarget=”_self” alt=”” /][fusion_image image=”http://cushwakeselfstorage.com/wp-content/uploads/2021/08/F8A9742-300×200.jpg” image_id=”4407|medium” link=”” linktarget=”_self” alt=”” /][fusion_image image=”http://cushwakeselfstorage.com/wp-content/uploads/2021/08/F8A9780-300×200.jpg” image_id=”4408|medium” link=”” linktarget=”_self” alt=”” /][fusion_image image=”http://cushwakeselfstorage.com/wp-content/uploads/2021/08/F8A9825-300×200.jpg” image_id=”4409|medium” link=”” linktarget=”_self” alt=”” /][fusion_image image=”http://cushwakeselfstorage.com/wp-content/uploads/2021/08/F8A9751-300×200.jpg” image_id=”4410|medium” link=”” linktarget=”_self” alt=”” /][/fusion_images][/fusion_builder_column][fusion_builder_column type=”3_4″ layout=”3_4″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_image_id=”” background_color=”” background_image=”” background_position=”left top” undefined=”” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_tagline_box backgroundcolor=”” shadow=”no” shadowopacity=”0.70″ border=”1″ bordercolor=”” highlightposition=”top” content_alignment=”left” link=”” button=”” linktarget=”_self” modal=”” button_size=”” button_type=”” button_shape=”” buttoncolor=”default” title=”UNDER AGREEMENT
The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of six properties located throughout the Mid-Florida area.” description=”” margin_top=”” margin_bottom=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” /][/fusion_builder_column][fusion_builder_column type=”1_4″ layout=”1_4″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_image_id=”” background_color=”#003865″ background_image=”” background_position=”left top” undefined=”” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding_top=”20px” padding_right=”20px” padding_bottom=”0px” padding_left=”20px” margin_top=”20px” margin_bottom=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”custom-property-box-text” id=””]
SOLD
Total Size – 329,844 NRSF
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The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of six properties located throughout the Mid-Florida area.
Take advantage of an incredible opportunity to acquire six established self-storage properties in the fast-growing state of Florida. More and more top companies are opening new offices in the state, and the rise in remote working is giving staff more freedom to choose where they want to live. For these reasons, Florida’s population is swelling at twice the rate of overall US population growth. The Sunshine State reported that its population grew by 2.7 million (14.6%) between 2010 and 2020, according to US Census data.
The Brooksville property is located less than an hour north of Tampa. Built-in 2004, the 55,555 square-foot facility serves the fast-growing Tampa Bay metro area with 437 rental units and ample convenience features like drive-up storage.
Nearby, the Lecanto property streamlines self-storage convenience with an easily accessible location on S. Lecanto Highway (Hwy 491) near W. Gulf to Lake Highway. The 62,010 square-foot facility hosts 455 rentable units. Less than an hour away, the Ocala self-storage property offers safe, clean, and affordable options for “The Horse Capital of the World.” Built-in 2006, the 49,150 square-foot facility offers a total of 400 rental units and is the only drive-through, climate-controlled entity serving Ocala.
Two self-storage properties are in Winter Haven, which is considered part of the second-fastest-growing metro area in the nation. The 991 Recker Hwy location comprises 70,050 square feet of space and 596 rentable units while the smaller 6400 State Road 544 location encompasses 43,880 square feet of space and 520 rentable units.
Lastly, the Vero Beach property caters to its fast-growing “Treasure Coast” community with an ample 61,109 square-foot facility and 520 rentable units of various sizes. Like the other properties, the facility includes drive-up storage units, climate-controlled units, and options for RV and boat storage.
For a savvy investor, this sale presents a unique opportunity to acquire six established self-storage businesses situated throughout several booming Mid-Florida metro areas.
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SOLD
NRSF – 88,707
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BGI Broken Arrow Business Park offers a well-located, income-producing investment opportunity in the growing city of Broken Arrow, Oklahoma. Broken Arrow is the fourth largest city in the state of Oklahoma and is part of the Tulsa Metropolitan Area boasting just under 1 million residents. The property is a one-minute drive (0.25mi) from the heavily trafficked Highway 169 (106,209 vehicles per day) with high visibility and frontage on Albany St. (aka 61st St.). The immediate intersection continues to improve with new construction to include the latest generation QuikTrip built on the northwest corner and a new Class A medical/retail center directly to the north of the adjacent McDonald’s. The total net rentable square footage of the property is 88,707 on a 6.08 AC parcel of land. The unit mix is divided into uses such as 42,870 NRSF of Retail/Retail Warehouse, 20,600 NRSF of Office/Office Warehouse, and 25,237 NRSF of Storage.
The Business Park, built in 1986, due to its proximity to Tulsa, is in the Southeast Tulsa Submarket. In 2021, rental rates for flex space in this submarket have hit their highest number within the last 12 years and analysts are projecting those numbers to continue to rise with an average rental increase above 3% over the next five years (per CoStar Southeast Tulsa Industrial Market Report). Occupancy of similar properties in the area is 97.3% which provides an opportunity for the subject property to continue to boost tenancy beyond its current economic occupancy of 64.79% with a more focused leasing approach. As a result, the Net Operating Income of $285,209 is projected to rise to $492,571 by Year 5 with a conservative estimate of an increased economic occupancy rate of 83%.
The property represents an excellent opportunity to acquire an asset with considerable upside. By enhancing the leasing marketability and maximizing the management efficiencies, it’s projected that Cash-On-Cash Returns currently at 9.2% in Year 1 would nearly double by Year 5 at 17.4% and continue to increase to 24.4% at Year 10.
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SOLD
Total Size – 153,349 NRSF
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The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of two properties in the Orlando, FL area.
Take advantage of an incredible opportunity to invest in two established self-storage properties in the fast-growing Orlando metropolitan area. A world-renowned tourist destination, Orlando is also becoming an established healthcare core and well-respected technology hub. A plethora of things to do, year-round good weather, and ample career opportunities are steadily drawing new residents—thus driving the demand for housing and storage.
The Orlando property is located just minutes from the city’s central business district. Built-in 2019, this facility serves the densely populated urban area with
an ample 64,849 square feet of space, the facility accommodates a total of 676 rental units. A bit further out, the St. Cloud facility serves affluent suburban neighborhoods south of Kissimmee. This self-storage facility boasts an impressive 88,470 square feet of space and hosts 756 rentable units.
For a savvy investor, this sale presents a unique opportunity to acquire two established self-storage businesses in a bustling Central Florida metro bolstered by strong tourism industry and growing health and technology sectors.
INVESTMENT HIGHLIGHTS
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SOLD
Price: $5,640,000
Total Size – 35,160 NRSF
[/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””]Cushman & Wakefield has been selected to exclusively market the sale of AAAA-1 Self Storage in Norwich, CT.
This offering presents prospective purchasers with the opportunity to acquire a fully stabilized asset with multiple upside opportunities. AAAA-1 Self Storage, as with all the other assets in the trade area, boasts excellent historical physical occupancy. As of the date of publication, the asset is 100% physically occupied.
AAAA-1 Self Storage is located at 21 Terminal Way, with convenient access to Norwich, CT. The population within the five-mile trade area is 54,000+ with an average household income of $78,393. Within the trade area, there is currently only 3.13 NRSF/capita with one small project planned. The facility is comprised of one, four-story building totaling 35,160 net rentable square feet of storage. The units offer a convenient mix of climate-controlled, heated, and non-climate options.
The successful purchaser will acquire a high-quality, stabilized asset in a market with remarkably low levels of competition. Rate adjustments, tenant insurance penetration, and ancillary revenue streams will provide superior returns in the immediate and longer-term. The confluence of minimal competition, with near 100% occupancy amongst the competitive set leads a prospect owner to have near unlimited pricing power for years to come.
INVESTMENT HIGHLIGHTS
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SOLD
Total Size – 69,166 NRSF
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The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of the Mantua Self-Storage Opportunity.
Take advantage of the rare opportunity to invest in a brand-new self-storage property slated to open in Q3 2021, located in one of the most populous cities in the Northeastern United States. Mantua Township is in the middle of Gloucester County, New Jersey, and 16 miles outside of Philadelphia. With a population of nearly 1.59 million, historic Philadelphia has become a modern, bustling education and technology hub. Here, the job growth rate of 10.4 percent easily outpaces
the national average of 9 percent.
A plethora of new jobs draws new residents to Philadelphia, thus increasing the demand for self-storage in this nearby suburb. The Mantua property is located on a key thoroughfare in a prime commercial area. The new facility features an abundant 69,166 square feet of space with 707 rentable units. Amenities include climate-controlled units, which help protect personal belongings from the Northeast extreme temperature fluctuations.
As self-storage demand continues to climb, the Mantua self-storage opportunity allows an investor to acquire a new self-storage asset in an easily accessible location just minutes from the New Jersey Turnpike.
INVESTMENT HIGHLIGHTS
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SOLD
Total Size
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The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the I-17 Self-Storage opportunity in Phoenix, AZ.
The I-17 Self-Storage represents a best-in-class facility that spans 88,052 net rentable square feet with plenty of expansion opportunities. The property is strategically located less than a quarter mile west of I-17 and is highly visible from both the north and south-bound lanes of the interstate. Built in 2019, the facility consists of a combined total unit count of 1,021 which includes climate, non-climate, and parking. In addition to the existing units, there is an exceptional value add opportunity which involves the potential relocation of the 15×60 RV spaces to add more drive-up, non-climate units to the property. The property utilizes 24-hour video surveillance and electronic gating to guarantee secure storage.
This facility offers premium access to multiple major thoroughfares which include but aren’t limited to I-17 which sees 142,394 VPD and Black Canyon Highway. With a population of 193,062 in the 3-mile, the I-17 opportunity presents excellent demographics and strong lease-up seeing the property sitting at 90% physical and 51% economic currently. With the increase of economic occupancy to match the physical occupancy, there is a substantial upside that can be realized from day one. In addition, there are several under construction and proposed multifamily developments within the three-mile which only increases the overall potential of the facility.
Investment Highlights
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SOLD
NRSF – 31,380
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Teaneck Self Storage represents a single-story, Class A storage asset in Teaneck, New Jersey currently in its final lease-up period. The facility, located at 123 West Tryon Avenue, offers 31,380 net rentable square feet consisting of 341 units and, as of the day of publication, the asset is 80.1% physically occupied. Teaneck Self Storage opened in December 2019 and is strategically located as the only self-storage facility in Teaneck, Bergen County.
This asset is still owned by the original developer who built the property as a warehouse in 1965 and later converted it to self-storage in 2019. In addition to the internal build out of self storage, ownership also installed a new roof membrane and new HVAC units. This asset will be delivered with 17 years remaining on the roof warranty. There is an opportunity for further expansion on the existing parcel. As of today, there are 50 parking spaces, none of which are being rented to prospective tenants. The majority of these spaces can either be used as vehicle/boat storage or as the foundation for Drop-In Units. Additionally, the rooftop of this building has been sought after by multiple solar companies who would lease the rooftop for a fee. This information can be found in the deal vault for further review. Other than the value-add CapX to expand the current square footage, Purchasers can expect little to no required dollars to be spent on deferred maintenance.
Teaneck is a thriving suburb within NYC’s MSA, located less than 4 miles from the George Washington Bridge and 5 Miles from Upper Manhattan. Formed in 1895, Teaneck is the second most populous township within Bergen County, which currently ranks as one of the wealthiest counties per capita in the Nation. As of the most recent Census Data, the median household income in Teaneck, NJ is $108,707. Within a 3-mile radius trade area of Teaneck Self Storage, there are approximately 195,000 individuals and 70,000 households.
Teaneck Self Storage allows prospective purchasers with the opportunity to invest in a new, Class A facility within its final phase of lease-up. With a location in a consistently high-growth market with substantial barriers of entry, a prospective purchaser can feel confident that their cash flow is protected for years to come. This opportunity is sweetened further by an opportunity for expansion, which provides a purchaser with an opportunity to truly capitalize on above-average returns in the short and long term.
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SOLD
Total Size – 154,592 NRSF
[/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””]On behalf of ownership, Cushman & Wakefield is pleased to offer for sale, the REIT managed three property, New York City portfolio. Located in Brooklyn, Queens and The Bronx, the portfolio represents a rare opportunity to purchase cash flowing self-storage assets across three boroughs.
Located at 160 John St., Brooklyn; 3719 Crescent St., Long Island City and 1045 Webster Ave., Bronx, the portfolio consists of 154,592 rentable square feet among 3,665 units. All of the facilities have recently been subject to capital improvements including elevator overhauls, improved unit mix, roof repairs and cosmetic and structural improvements. In total over $2,600,000 has been spent by Ownership over the last 3 years. While these capital projects have produced a drag on trailing revenue, as some units were placed out of service or with limited access due to the nature the work, they have positioned the facilities for future gains in per square foot revenue and cost savings. All properties benefit from cell tower leases that contain yearly escalation provisions, while the Crescent St. property is also subject to an Industrial and Commercial Incentive Program tax credit with 17 years remainingThe Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale the Space Shop Portfolio. This presents a unique opportunity to acquire five (5) physically stabilized self-storage projects in densely populated Southern markets. The Portfolio encompasses up to 2,615 rentable units in high-visibility locations where self-storage is in near-constant demand and driving excellent yields.[/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][/fusion_builder_column][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][/fusion_builder_column][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” publish_date=”” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” admin_toggled=”no”][fusion_builder_row][/fusion_builder_row][/fusion_builder_container]
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SOLD
Total Size – 306,769 NRSF
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The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale the Space Shop Portfolio. This presents a unique opportunity to acquire five (5) physically stabilized self-storage projects in densely populated Southern markets. The Portfolio encompasses up to 2,615 rentable units in high-visibility locations where self-storage is in near-constant demand and driving excellent yields.
The Cary self-storage facility serves the Raleigh, North Carolina metropolitan area. Identified as one of the fastest-growing cities in America, Raleigh’s consistent growth is largely bolstered by “The Triangle,” one of the country’s largest and most successful research parks. A convenient location coupled with flexible options provides the perfect storage solution for students as well as the constant influx of new “Triangle” tech professionals. The three South Carolina properties are optimally situated throughout the Charleston metropolitan area. Named the #1 U.S city for the seventh year in a row by readers of Travel + Leisure magazine, this stable Southern haven regularly draws new residents and industries. All facilities are located in easily accessible commercial areas near major employers, including the Naval Weapons Station (Joint Base Charleston).
Just a few miles away, The Goose Creek self-storage facility provides 444 rentable units, many of which are utilized by Charleston’s numerous Joint Base employees. Just completed in 2016, this modern, 56,142 square-foot facility is located less than 15 minutes from the Naval Weapons Station. For convenience and easy access, the property was purposefully developed in a densely commercial area, with a Starbucks outparcel in front of store, next to Pet Supplies Plus and Publix Super Market and across the street from Walmart and Bank of America.
The nearby North Charleston self-storage facility is located between Industry Drive and Landmark Drive, seven minutes from Wannamaker Park. Since 2007, this clean, modern facility has offered an effortless storage option for the surrounding apartment complexes and townhomes. 274 units in various size options encompass the 33,500 square-foot facility, ensuring the right-sized space for any renter.
Built-in 2002, The Summerville self-storage facility offers plenty of storage options just a short drive from North Charleston. The 67,825 square-foot structure houses rentable 598 units and, for added convenience, features extra-wide driveways and drive-up unit access.
Less than an hour from the city center, The Covington self-storage property offers a multitude of storage options for the Atlanta metro’s growing population. Built-in 1996, the facility is conveniently located just off Jackson Highway near the Covington Crossings Shopping Center. The prime location affords current and prospective tenants quick access from Interstate 20 and Highway 278 Northeast. Offering a total of 557 rentable units, the 66,922 square-foot structure includes climate-controlled storage options as well as ample parking spaces for RVs, boats, trailers, or extra vehicles.
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SOLD
Total Size – 30,965 NRSF
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The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the StorWise Self Storage, located in Tucson, AZ.
The StorWise facility is comprised of 30,965 rentable square feet on approximately 2.8 acres of land. The facility was built in 1977 and is composed of 232 total units. The subject has current physical and economic occupancies of 75 percent and 86 percent respectively.
Situated in Tucson, AZ, StorWise Self Storage is located at 4070 E 29th St. Tucson is the second most populous city in Arizona. The projected five-mile growth rate is 0.6% annually over the next five years. The facility is situated southeast of the downtown area and benefits from a strong average household income exceeding $56,000 within three miles of the site. Aerospace, optics, research and development, renewable energy companies and the University of Arizona are among the city’s major employers. Tucson is known for its development of high-tech industries, supported by a growing University of Arizona and the presence of the US Army Intelligence Center. Additionally, the city is a popular retirement and seasonal destination for many, driving a strong hotel and resort industry.
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