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Self-Storage Facility

Ultimate RV & Boat Storage

6030 N Litchfield Rd, Litchfield Park, AZ 85340

Listing Price: $20,500,000

Cap Rate
4.00%
Number of Units
540
Occupancy
97.0%
Gross SF
259,680
Rentable SF
259,680
Price/Rentable SF
$78.94
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to offer for sale Ultimate RV & Boat Storage (“Ultimate” or the “Facility”) located in Litchfield Park, AZ. The Facility is offered at $20,500,000. Litchfield Park is a historically affluent community outside of Phoenix. It is part of greater Glendale which is home to attractions such as State Farm Stadium, a multi-purpose sports and entertainment venue, Gila River Arena, world class resorts and golf courses, events, high-end dining and shopping. An adjacent 5-acres parcel for expansion is also available for purchase. The parcel is located on North Litchfield Road and benefits from high visibility and traffic counts. The site is zoned M-1 by the city of Glendale, which is designed for light industrial use.

Investment Highlights

  • • Premier Phoenix MSA Self Storage Offering • Covered RV, Boat & Vehicle Storage Facility
  • • #1 Housing Market in US with 20% YOY Price Increase • 540 Canopied Spaces; 172 Uncovered Spaces • Built on over 16 acres
  • • Highest US Population Growth 2010-2019 • Unique Tenant Amenities with 50' Drive Aisles, Large Wash Bays, Fresh Water Station, Vacuum and Air Stations, Dump
  • • Southwest Now Major Manufacturing Hub • Below-Market Rents
  • • Convenient Location within Miles of 5 Highway Systems • "Detail" Center Available for Expanded Tenant Services
  • • 20 Miles West of Downtown Phoenix/ 25 Miles West of Sky Harbor International Airport
  • • Phoenix is 5th Most Populous US City and Top 10 MSA with nearly 4.8 Million Area Residents • Adjacent 5-Acre Parcel for Expansion also Available for Purchase
  • • Very High-Quality Facility Opened in 2019 • High-End Finishes in Office and Living Quarters

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Self-Storage Facility

Ultimate RV & Boat Storage

Listing Price: $20,500,000

Cap Rate
4.00%
Number of Units
540
Occupancy
97.0%
Gross SF
259,680
Rentable SF
259,680
Price/Rentable SF
$78.94
Year Built
2019

Investment Highlights

  • • Premier Phoenix MSA Self Storage Offering • Covered RV, Boat & Vehicle Storage Facility
  • • #1 Housing Market in US with 20% YOY Price Increase • 540 Canopied Spaces; 172 Uncovered Spaces • Built on over 16 acres
  • • Highest US Population Growth 2010-2019 • Unique Tenant Amenities with 50' Drive Aisles, Large Wash Bays, Fresh Water Station, Vacuum and Air Stations, Dump
  • • Southwest Now Major Manufacturing Hub • Below-Market Rents
  • • Convenient Location within Miles of 5 Highway Systems • "Detail" Center Available for Expanded Tenant Services
  • • 20 Miles West of Downtown Phoenix/ 25 Miles West of Sky Harbor International Airport
  • • Phoenix is 5th Most Populous US City and Top 10 MSA with nearly 4.8 Million Area Residents • Adjacent 5-Acre Parcel for Expansion also Available for Purchase
  • • Very High-Quality Facility Opened in 2019 • High-End Finishes in Office and Living Quarters

Investment Overview

Marcus & Millichap is pleased to offer for sale Ultimate RV & Boat Storage (“Ultimate” or the “Facility”) located in Litchfield Park, AZ. The Facility is offered at $20,500,000. Litchfield Park is a historically affluent community outside of Phoenix. It is part of greater Glendale which is home to attractions such as State Farm Stadium, a multi-purpose sports and entertainment venue, Gila River Arena, world class resorts and golf courses, events, high-end dining and shopping. An adjacent 5-acres parcel for expansion is also available for purchase. The parcel is located on North Litchfield Road and benefits from high visibility and traffic counts. The site is zoned M-1 by the city of Glendale, which is designed for light industrial use.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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