The sale of Broadway Self Storage was recently recorded in Tucson, Arizona. The property was originally built in 1985 as a health club and converted to a three-story self storage in 2007. It consisted of 482 climate controlled units in 30,000 square feet. The location of the property is 6444 E. Broadway Blvd. in Tucson, Arizona. The property sold to a limited liability company controlled by Business Property Trust of Portland, Oregon. The seller was Broadway Wilmot Self Storage, LLC, an entity controlled by a Tucson investor. The sales price was $1,155,000 ($2396 per unit). The building was approximately 60% occupied at closing.
Bill Alter and Denise Nunez of Rein & Grossoehme handled the transaction on behalf of the buyer. The seller was represented by Jeff Gordon of Eagle Commercial in Phoenix. The Alter Nunez Team specializes in storage facility sales and this represents their 130th successful closing.
Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing.
Gordon can be reached at (602) 952.1282. Alter can be contacted at for more information.