Glendale-Based Land Developer Partners with Arizona Self Storage For Locally Owned and Operated Storage Units

PHOENIX, ARIZONA – Glendale-based land development company, The Mangat Group, has partnered with Aberdeen Management & Development to build and operate the next Arizona Self Storage facility in Peoria. The groundbreaking was October 20.

The new 122,000-square-foot facility will be located on the southwest corner of Loop 101 and Olive Avenue. Tony Mangat, founder of The Mangat Group, is the landowner and part owner of the new facility, making this his first array into the storage industry.

“I have been building various projects in Arizona for a while now and continue to see the growth of community throughout the Valley,” says Mangat. “We wanted to create a facility that will service all storage opportunities throughout the community. This project has been in the works for a while now, and to see our goal being achieved is astounding.”

This is Arizona Self Storage’s ninth property in the state and third in the West Valley. Amenities will include fully air-conditioned units, on-site professional managers, state-of-the-art security and a unique enclosed drive-thru loading bay for an easy and protected moving experience. The four-story Class A building will have approximately 875 storage units.

“We are thrilled to partner with Tony, and the Mangat Group, by bringing this state-of-the-art facility to the Peoria community,” says Drew Monson, president of Aberdeen Management & Development. “We look forward to expanding the geographical footprint of our Arizona Self Storage brand throughout the Phoenix region. With this facility we are bringing an unsurpassed level of customer experience and quality of product to the West Valley.”

Aberdeen Management & Development will oversee the development and ongoing operations of the facility. RKAA Architects has designed, and Campbell Development will build. Construction begins late October 2021 with a year build, setting an opening for October 2022.

For more information about The Mangat Group, please visit www.mangatgroupinvestment.com. For more information about Arizona Self Storage, please visit www.selfstoragesolutions.com.

PIMA COUNTY, ARIZONA – Historic Canoa Ranch will host an outdoor concert by the band Strait Country this Saturday, Oct. 23.

The gates open at 3 p.m., and the concert is scheduled for 4 p.m. Guests should bring a folding chair or blanket to sit on during the show.

The band is a tribute to the music of country singer George Strait, who retired from touring in 2014. The event is sponsored by Friends of the Canoa Parks.

Tickets are $22 in advance and $25 at the door. To purchase tickets online, visit www.gvc-foundation.org/strait-country-concert.

Historic Canoa Ranch is located at 5375 S. I-19 Frontage Road in Green Valley. It is operated by Pima County Natural Resources, Parks & Recreation. For more information about the ranch and other upcoming events, visit www.pima.gov/canoaranch.

MESA, Ariz., – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced  the sale of River Rock, a 48-unit apartment property located in Mesa, Arizona.

According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $11,040,000 ($230,000 per unit).

“Equidistant to both the Mesa Riverview and downtown Mesa entertainment districts, River Rock is well-positioned near a diverse landscape of employment opportunities and lifestyle amenities,” shared Paul Bay, first vice president investments in Marcus & Millichap’s Phoenix office. “New ownership will have the opportunity to complete the programmatic interior renovations already started at the property to capitalize on favorable monthly premiums.”

Bay had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, another private investor, was procured by Bay.

River Rock is located at 447 West Rio Salado Parkway in Mesa, Arizona. The apartment community consists of 48 total units, 25 of which have been renovated. All apartments have individual washer/dryer units as well as patios/balconies.