Bill Alter

Just Sold – Two Self Storage Properties

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Two self storage transactions were recently recorded in Arizona, both brokered by Bill Alter of Rein & Grossoehme Commercial Real Estate.  One sale involved a property located in the Town of Maricopa that sold for $5,250,000.  The property was built in 2006 and consisted of 70,539 square feet and 569 units. The seller was an […]

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Just Sold – Foothills Self Storage

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Bill Alter is pleased to announce the sale of Foothills Self Storage located at 4555 N. 1st Avenue in Tucson, Arizona.  The sale closed on March 10, 2016 for $7,500,000, which represents approximately $120 per square foot and a cap rate of about 5.7%.  The property was constructed in 1996 and consisted of about 62,770 […]

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Just Sold Allstate Self Storage

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Bill Alter is pleased to announce the sale of Allstate Self Storage located at 4110 E. Bell Road in Phoenix, AZ.  The sale closed on February 11, 2016 for $6,700,000, which represents approximately $88 per square foot and a cap rate of about 5.8%.  The property was constructed in 1999 and consisted of about 68,250 […]

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Just Sold Active Discount Self Storage

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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 […]

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Just Sold Arrow Self Storage Center

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Bill Alter sold Arrow Self Storage Center located at 1055 W. Guadalupe in Mesa, Arizona.  The sale closed on April 29, 2015 for $6,300,000, which represents approximately $75 per square foot.  The property consisted of about 84,000 square feet and 858 units, a small number of which were climate controlled.  Occupancy at time of closing […]

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Just Sold Palo Verde Mini Storage

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Bill Alter closed on the sale of Palo Verde Mini Storage located at 255 E. McKellips Rd. in Mesa, Arizona.  The property sold on April 16, 2015 for $3,925,000, which represents approximately $70 per square foot and a cap rate on in-place income of 5.3%.  Palo Verde Mini Storage consisted of about 57,000 square feet […]

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Just Sold a two-property self storage portfolio

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Bill Alter recently closed on the sale of a two-property self storage portfolio recently.  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 […]

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Just Sold a Three-Property Self Storage Portfolio

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Bill Alter closed the sale of a three-property portfolio on November 6, 2014.  Two of the properties were located in Mesa, Arizona and one in Glendale, Arizona.  All three had been operated under the name of A Self Storage. The properties sold for a total of $5,476,000 and consisted of 177,185 square feet and 1,695 […]

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Just Sold Oracle Mini Storage

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Bill Alter closed on the sale of Oracle Mini Storage, representing his 135th successful self storage closing. The property consisted of 125 units with a total of 15,310 sq. ft.  It was located at 1898 W. Alex Austin Dr. in Oracle, AZ.  Bill Alter represented the seller and the buyer in the transaction, who were both […]

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Just Sold American Systems Mini Storage

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Bill Alter closed on the sale of American Systems Mini Storage, which represents his 133rd successful closing of this property type.  American Systems Mini Storage is a 35,400 square foot, mixed-use property consisting of 251 storage units and 22 commercial/retail suites.  The property was about 70% occupied at closing and sold for $1,462,500.  Bill Alter […]

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