PHOENIX, AZ– Colliers International in Greater Phoenix recently completed the $3,050,000 million ($22 PSF) Phoenix land sale of 3.17 acres near 7th Street and Indian School. The site will be re-developed as a 100,000 +/--square-foot self-storage facility with a small retail component on the site.
The William Warren Group Inc. of Santa Monica, Calif., purchased the land, located along 7th St. north of Indian School and near the VA Hospital, from the Gary D. and Kathleen Steele Trust of Phoenix.
The seller was represented by Troy Dixon of Dallas Real Estate, and the buyer was represented by Larry Ortega, executive vice president, and Daniel Ortega, vice president, both with Colliers International.
The William Warren Group acquires, develops and manages self-storage facilities in major metropolitan markets around the country under the name StorQuest.
“We worked closely with the Devonshire Neighborhood Coalition as well as city officials to create a plan to redevelop the central Phoenix site. In the end we had overwhelming support by the community and city council,” Larry Ortega said.