The sale of Armored Mini Storage was recently recorded in Maricopa County, Arizona. The property was built in 1996 and consisted of 510 units in approximately 47,000 square feet. The location of the property is 1625 W. Chandler Blvd in Chandler, Arizona. The property sold to Strategic Storage Trust, a non-traded real estate investment trust. The seller was ARMOCO ONE, LLC., an Arizona limited liability company. The sales price was $4,885,000 which equates to $103.50 per square foot. The building was 85% occupied at closing.
Bill Alter handled the transaction on behalf of both parties. Bill specializes in storage facility sales and this represents his 127th successful closing. For more information regarding the above listed transaction, contact Bill Alter at 602-315-0771 or Bill@RGcre.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.