The 83,800-sf facility includes two, two-bedroom manager's apartments. The property was 50% leased at the time of the sale.
Metropolitan Phoenix has one of the most transient populations for a city its size in the nation. For every three people that move in, another two move out. The Valley's population grows by more than 80,000 annually, with Mesa the most populous suburb of Phoenix.
The self-storage facility was sold by DW & K Inc. of Phoenix.
The Phoenix office of CB Richard Ellis negotiated the sale on behalf of the seller.
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