The sale of River Crossing Self Storage, was recently recorded in Maricopa County, Arizona. The property was built in 1996 and consisted of 257 drive-up storage units and 89 RV spaces. The location of the property is 12011 West Van Buren in Avondale, Arizona. The property sold to ES River Crossing Storage, LLC. The seller was River Crossing LLC. The sales price was $1,650,000 which equates to $49.77 per square foot. The property was about 70%% occupied at closing.
Bill Alter and Denise Nunez of Rein & Grossoehme of Scottsdale represented both parties in the transaction. The Alter Nunez team specializes in storage facility sales and this represents their 123rd successful closing.
Founded in 1993 and celebrating our 20th anniversary, Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing.
Alter and Nunez should be reached at (480) 214-9400.