Allstate Self Storage located at 4110 E. Bell Road in Phoenix, AZ was sold for $6.7 million, or $88 PSF and $8,535 per storage unit, to U-Haul International.

The property was constructed in 1999 and consists of about 68,250-square-feet and 785 storage units plus a 7,600 square foot, 2-tenant retail building.

Occupancy at time of closing was about 90% and sold at a 5.8% cap rate.

Bill Alter of Rein & Grossoehme Commercial Real Estate in Phoenix handled the transaction. This was Bill Alter’s 145^th self-storage sale.

To learn more, Alter can be reached at 602.315.0771 or at [email protected].

Bill Alter and Denise Nunez sold Active Discount Storage located at 7590 W. Olive Avenue in Peoria, Arizona. The sale closed on August 28, 2015 for $3,9 million ($5,571 per unit) which represents approximately $51 per square foot and a cap rate of about 5.8%. The property consists of about 76,500-square-feet and 700 units.

Occupancy at time of closing was approximately 60%. The seller in the transaction was a limited liability company whose manager resides in Las Vegas. The buyer was from Anaheim, CA.

The sale represents the 143rd closing for the Alter/Nunez Team.

For more information contact Bill Alter at 602-315-0771 or [email protected]. You may also visit WWW.AZSelfStorageBroker.com.

Bill Alter and Denise Nunez of Rein & Grossoehme Commercial Real Estate recently closed on the sale of a two-property self-storage portfolio. The properties were located at 1735 W. Apache Trail and 1678 W. Superstition Blvd., both in Apache Junction, Arizona.

The properties consisted of 94,000 net rentable square feet of space, which included 567 storage units, 20 commercial/retail suites and 41 covered RV parking spaces. Overall occupancy at the time of sale was approximately 60%. The combined sales price was $2.45 million, which equates to a cap rate of 7.3% and cost per foot of $26.

The seller was an individual investor from La Quinta, California and the buyer an individual from Santa Barbara, California. These sales bring the total number of successful closings for the Alter-Nunez team to 140.

To learn more contact Bill Alter at 602-315-0771 or [email protected].