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Self-Storage Facility

StorQuest Self Storage

2060 W Southern Ave, Mesa, AZ 85202

Listing Price: $5,500,000

Cap Rate
5.29%
Number of Units
364
Occupancy
85.5%
Gross SF
35,225
Rentable SF
35,225
Price/Rentable SF
$156.14
Year Built
1982

Investment Overview

StorQuest Self Storage is a 364-unit, 35,225 net rentable square foot
self-storage facility located in Mesa, Arizona. The property sits on
approximately 2.47 acres of land, was initially constructed in 1982 and
offers a fortress style layout with stucco exteriors, metal roll-up doors,
standing seam metal roofs and asphalt drives throughout.

Investment Highlights

  • Current asking rents trail the competitive set by approximately 73 percent, creating a clear and immediate opportunity to capture near term revenue through strategic rate adjustments and optimization.
  • Positioned along Southern Ave. in the heart of Mesa, the property benefits from more than 74,000 vehicles per day and immediate proximity to major demand drivers including Target.
  • Positioned in infill Mesa with 167,000+ residents and 71,000 households within a three-mile radius, supported by average household incomes exceeding $88,000.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Self-Storage Facility

StorQuest Self Storage

Listing Price: $5,500,000

Cap Rate
5.29%
Number of Units
364
Occupancy
85.5%
Gross SF
35,225
Rentable SF
35,225
Price/Rentable SF
$156.14
Year Built
1982

Investment Highlights

  • Current asking rents trail the competitive set by approximately 73 percent, creating a clear and immediate opportunity to capture near term revenue through strategic rate adjustments and optimization.
  • Positioned along Southern Ave. in the heart of Mesa, the property benefits from more than 74,000 vehicles per day and immediate proximity to major demand drivers including Target.
  • Positioned in infill Mesa with 167,000+ residents and 71,000 households within a three-mile radius, supported by average household incomes exceeding $88,000.

Investment Overview

StorQuest Self Storage is a 364-unit, 35,225 net rentable square foot self-storage facility located in Mesa, Arizona. The property sits on approximately 2.47 acres of land, was initially constructed in 1982 and offers a fortress style layout with stucco exteriors, metal roll-up doors, standing seam metal roofs and asphalt drives throughout.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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