Phoenix, AZ, March 08, 2014 --(PR.com
)-- Phoenix-based AMERCO Real Estate Co., the development and acquisitions entity for The U-Haul Co., has purchased the AAA Safe Self Storage Portfolio in Kingman, Arizona, for $3,450,000. Located at 4011 Stockton Hill Road and 3179 Harrison Street, the portfolio consisted of 100,600 rentable square feet with 659 drive-up self storage units and two retail buildings. AMERCO also purchased an adjacent tract of land at the Stockton Hill location with plans to expand operations.
The seller, a family trust, was represented in the transaction by Jeff Gorden of Eagle Commercial Realty Services, a real estate broker who specializes in the brokerage of self storage and RV & boat storage facilities throughout Arizona.
With over a decade of income property experience, Jeff has developed a proven step by step system to help both buyers and sellers of self storage facilities maximize their investment value. He is the Argus Self Storage Sales Network Broker Affiliate for Arizona. Argus Brokers are self storage specialists and are available to assist buyers, sellers or anyone with questions on the self storage investment market.