Houghton Corridor Self Storage (dba National Self Storage) located at 7555 S. Houghton Road in Tucson sold for $2.67 million ($4,619 per unit).
The property, built in 2006, consists of 65,300-net-rentable-square-feet of storage space divided into 578 individual units, 185 of which are climate controlled and an additional 62 air-conditioned. The property was about 70% occupied at closing. The seller, Houghton Corridor Self Storage (Barry Kitay and Lynn Taylor, partners) is an affiliate of Whirlygig Properties, a commercial development company in Tucson and the buyer was an individual investor from Scottsdale.
Bill Alter and Denise Nunez of Rein & Grossoehme represented both parties in the transaction which represents the Alter / Nunez Team's 134th successful closing of this property type.
To learn more contact Alter at 602-315-0771 or [email protected]. You may also visit www.AZSelfStorageBroker.com.
* * * * * *
In another transaction, Titan Self Storage (dba National Self Storage) located at 1640 W. Duval Commerce Point Place in Green Valley sold for $1.875 million ($6,107 per unit).
The property, built in 2006, consists of 43,000-net-rentable-square-feet of storage space divided into 307 individual storage units including 67 climate controlled units and 27 RV parking spaces. The property has security cameras throughout the facility with 15 camera stations. The property was about 70% occupied at closing.
The seller, Titan Self Storage, LLC (Robert Schoff, manager) is also a licensed real estate broker and represented the seller in the transaction. The buyer is an individual from Sherwood, Oregon.
To learn more Schoff can be reached at 520-577-9777.
Login for additional information.
[mepr-show rules="58038"]Sale date for Houghton Corridor Self Storage: 9/10/2014. All cash deal.
Sale date for Green Valley Self Storage: 8/28/2014. All cash deal.[/mepr-show]