Bill Alter and Denise Nunez sold Active Discount Storage located at 7590 W. Olive Avenue in Peoria, Arizona. The sale closed on August 28, 2015 for $3,9 million ($5,571 per unit) which represents approximately $51 per square foot and a cap rate of about 5.8%. The property consists of about 76,500-square-feet and 700 units.
Occupancy at time of closing was approximately 60%. The seller in the transaction was a limited liability company whose manager resides in Las Vegas. The buyer was from Anaheim, CA.
The sale represents the 143rd closing for the Alter/Nunez Team.
For more information contact Bill Alter at 602-315-0771 or [email protected]. You may also visit WWW.AZSelfStorageBroker.com.