TUCSON, ARIZONA, February 2, 2023 – A 1.1-acre site at 6335 E Tanque Verde Road in Tucson sold for $3.3 million ($69 PSF). It closed fully entitled with plans for a 793-unit self-storage facility to Tucson Tanque Verde SS, LLC of Gilbert c/o John Hartman, CFO/COO of Landmark Companies & Circle G Property Development.
The property was zoned C-2 and closed January 10, 2023.
The seller, Abraham Slilaty has been selling fully entitled self-storage projects since 2019. At the option of the buyer, the project was purchased as a Development Opportunity, whereby the buyer is able to break ground and oversee the construction themselves, yielding a newly constructed 793-unit facility.
Bill Alter of Rein & Grossoehme Commercial Real Estate, LLC in Phoenix represents the seller in these transactions.
For additional information about this sale and current and future opportunities contact Bill Alter at 602.315.0771 or Bill@RGcre.com.
To learn more, see RED Comp #10420.