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Self-Storage Facility

CubeSmart Self Storage (Managed) 3 Property Portfolio

1678 W Superstition Blvd, Apache Junction, AZ 85120

Listing Price: $12,700,000

Cap Rate
6.15%
Number of Units
774
Occupancy
91.0%
Gross SF
87,592
Rentable SF
87,592
Price/Rentable SF
$144.99
Year Built
1983

Investment Overview

Marcus & Millichap is pleased to offer for sale this CubeSmart Self Storage (Managed) Three Property Portfolio located in Apache Junction, Arizona. This is a rare opportunity to buy stabilized storage facilities in suburban Phoenix. The portfolio has a combined 533 self-storage units, 15 small bay industrial units, and 226 uncovered outdoor parking spaces totaling 87,592 net rentable square feet, not counting the parking. There is a lot of residential development going on in this area and it remains a growing and affluent market with low storage competition.

Investment Highlights

  • Stabilized, REIT-Managed Three-Property Storage Portfolio in the Phoenix, Arizona MSA with Upside
  • Rare Opportunity to Buy Stabilized Storage Facilities in Suburban Phoenix
  • Located Approximately 30 Miles East of Downtown Phoenix in the Growing City of Apache Junction in Pinal County
  • Combined 87,592 Net Rentable Square Feet
  • 533 Total Self-Storage Units | 15 Total Small Bay Industrial Units | 226 Total Uncovered Outdoor Parking Spaces

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Self-Storage Facility

CubeSmart Self Storage (Managed) 3 Property Portfolio

Listing Price: $12,700,000

Cap Rate
6.15%
Number of Units
774
Occupancy
91.0%
Gross SF
87,592
Rentable SF
87,592
Price/Rentable SF
$144.99
Year Built
1983

Investment Highlights

  • Stabilized, REIT-Managed Three-Property Storage Portfolio in the Phoenix, Arizona MSA with Upside
  • Rare Opportunity to Buy Stabilized Storage Facilities in Suburban Phoenix
  • Located Approximately 30 Miles East of Downtown Phoenix in the Growing City of Apache Junction in Pinal County
  • Combined 87,592 Net Rentable Square Feet
  • 533 Total Self-Storage Units | 15 Total Small Bay Industrial Units | 226 Total Uncovered Outdoor Parking Spaces

Investment Overview

Marcus & Millichap is pleased to offer for sale this CubeSmart Self Storage (Managed) Three Property Portfolio located in Apache Junction, Arizona. This is a rare opportunity to buy stabilized storage facilities in suburban Phoenix. The portfolio has a combined 533 self-storage units, 15 small bay industrial units, and 226 uncovered outdoor parking spaces totaling 87,592 net rentable square feet, not counting the parking. There is a lot of residential development going on in this area and it remains a growing and affluent market with low storage competition.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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