Just Sold Allstate Self Storage

Bill Alter is pleased to announce the sale of Allstate Self Storage located at 4110 E. Bell Road in Phoenix, AZ.  The sale closed on February 11, 2016 for $6,700,000, which represents approximately $88 per square foot and a cap rate of about 5.8%.  The property was constructed in 1999 and consisted of about 68,250 square feet and 785 storage units plus a 7,600 square foot, 2-tenant retail building.  Occupancy at time of closing was about 90%.  The property was purchased by U-Haul International. This was Bill Alter’s 145th self-storage sale.

For more information contact Bill Alter at 602-315-0771 or Bill@RGcre.com.

Specializing in commercial real estate for over 20 years, Rein & Grossoehme is consistently recognized as a market leader in Arizona and provides services in retail leasing and sales, office leasing and sales, industrial leasing and sales, land and pads, self storage properties, multi-family properties, single tenant triple net leased properties, and tenant representation.

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