Life Storage Facility Coming to Cortaro Ranch Development at I-10 & Cortaro Farms in Marana

MARANA, ARIZONA — An affiliate of Thompson Thrift Retail Group (TTRG) recently completed the sale of a 2.44 acre parcel within the company’s Cortaro Ranch development located at the NEC of I-10 and Cortaro Farms Blvd in Marana, AZ for $1.6 million ($15 PSF) .

The property was sold to Crimson Canyon Investment, LLC, that intends to build a state-of-the-art, climate-controlled Life Storage facility on the parcel.

Life Storage will join a host of existing users who are already operating within the project, including Carondelet micro-hospital, International House of Pancakes (IHOP), Dutch Bros. Coffee, Serial Grillers, Arby’s ATI Physical Therapy and iTouch Salon. In addition to these users, TTRG is under construction with a second multi-tenant building within the project that will be home to Filberto’s Mexican Restaurant, Great Clips and Freytag Orthodontics.

One frontage PAD remains available for lease or build-to suit and approximately 6 acres of land adjacent to I-10 is also available.

TTRG would like to thank Zachary Pace of Phoenix Commercial Advisors who represented the buyer and Chuck Wells of Kidder Mathews and Brenna Lacey and Jeramy Price of VOLK COMPANY Commercial Real Estate of Tucson who represented the seller.

For more information, Wells can be reached at 602.513.5141, Pace is at 602.957.9800 and Lacey and Price can be contacted at 520.326.3200.

To learn more, see RED Comp #9027.