Phoenix, AZ, December 22, 2017 --(PR.com
)-- Eagle Commercial Realty Services is pleased to announce the sale of American Mini Storage in Sierra Vista, Arizona. The self-storage facility sold December 19, 2017 for $5,450,000. The property spans just over six acres and provides 846 units of self-storage and over 100 spaces for vehicle storage.
Jeff Gorden, Vice President, and Kyle Topper, Associate of Eagle Commercial Realty Services, AMO® in Phoenix arranged the sale on behalf of the Buyer, an entity formed by Amerco Real Estate Company the real estate arm of U-Haul.
Jeff Gorden shared the following about the sale, “This assignment initiated from one of our regular conversations with self-storage operators. The client had a geographically targeted acquisition requirement and asked for a review of developable land as well as existing self-storage facilities. We were very familiar with this market as this was our second closing in Cochise County in as many months. While developable land was available, in the end an acquisition of an existing property sped time to market for the Buyer.”
The team’s depth of experience in self-storage properties, deal structure, resources and the industry contacts of their team benefitted all parties involved. In the end, Buyer and Seller were both very pleased with the results and are looking forward to new projects.
Jeff Gorden, Vice President, and Kyle Topper, Associate of Eagle Commercial Realty Services, AMO® in Phoenix, an Argus Self Storage Sales Network Affiliate, specialize in self-storage and RV properties and represented the Buyer in this transaction.
Our self-storage specialty group is actively searching for additional Self Storage and RV Storage purchase opportunities. Please send prospective properties to email@example.com or call 480-331-8880.