Self-Storage Asset Changes Hands in Maricopa County
ByMarcus & Millichap closed on the sale of a 26,875-square-foot self-storage property comprising 250 units. Yardi Matrix data shows that the facility traded for $2.4 million.
The Mele Group of Marcus & Millichap has announced the sale of Tolleson Self Storage in Tolleson, Ariz. Devin Beasley, Luke Elliott and Michael Mele, self-storage investment specialists at The Mele Group, marketed the 26,875-square-foot property on behalf of both the seller and the buyer. According to data provider Yardi Matrix, The Laurel Co. sold the facility to Clear Sky Capital for $2.4 million.
Located at 9620 W. Van Buren St. in Maricopa County, the property comprises 250 units. Built in 2009, the property features additional value offered through permit-ready expansion on the site’s vacant ground, which could almost double the rentable square feet. Amenities include an advanced security system, 24-hour access, state-of-the-art computer systems and fire sprinklers…
Self-Storage Asset Changes Hands in Maricopa County
