Bill Alter sold Active Discount Storage located at 7590 W. Olive Avenue in Peoria, Arizona. The sale closed on August 28, 2015 for $3,9000,000, which represents approximately $51 per square foot and a cap rate of about 5.8%. The property consisted of about 76,500 square feet and 700 units. Occupancy at time of closing was about 60%. The seller in the transaction was a limited liability company whose manager resides in Las Vegas. The buyer was from Anaheim, CA. This sale represents the 143rd closing for the Alter/Nunez Team.
For more information contact Bill Alter at 602-315-0771 or Bill@RGcre.com. You may also visit www.AZSelfStorageBroker.com.
Specializing in commercial real estate for over 20 years, Rein & Grossoehme is consistently recognized as a market leader in Arizona and provides services in retail leasing and sales, office leasing and sales, industrial leasing and sales, land and pads, self storage properties, multi-family properties, single tenant triple net leased properties, and tenant representation.