Just Sold – Armored Mini Storage

Bill Alter is pleased to announce the sale of Armored Mini Storage located at 13845 N. 7th Street, Phoenix, AZ. The sale closed on September 8, 2016 for $7,930,000, which represents approximately $163 per square foot and a cap rate of about 5.2%. Armored Mini Storage is a 3-story, climate controlled facility constructed in 2000. It consists of about 49,000 square feet and 575 storage units. Occupancy at time of closing was about 90%. The seller in the transaction was a local self storage developer and the buyer was Advantage Storage of Dallas, Texas. This was Bill Alter’s 152nd self storage sale.

For more information contact Bill Alter at 602-315-0771 or Bill@RGcre.com. You may also visit www.RGcre.com/author/BillA

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.

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