Two self storage transactions were recently recorded in Arizona, both brokered by Bill Alter of Rein & Grossoehme Commercial Real Estate. One sale involved a property located in the Town of Maricopa that sold for $5,250,000. The property was built in 2006 and consisted of 70,539 square feet and 569 units. The seller was an entity controlled by Ryan Schoff of Tucson. The buyer was an entity controlled by Michael Ransome of Scottsdale. The second sale involved a property located in Tucson that sold by way of auction for $1,200,000. This property was built in 1982 and consisted of 43,900 square feet and 404 units. The seller was a court appointed receiver acting on behalf of numerous investors in a California entity, the controller of which has been alleged to have violated various federal securities laws. The buyer was Bargain Storage of Portland, OR. These two sales represent Bill Alter’s 148th and 149th successful self storage sale.

For more information contact Bill Alter at 602-315-0771 or Bill@RGcre.com. You may also visit WWW.RGCRE/author/BillA

Rein & Grossoehme specializes in the sale of investment properties and commercial leasing.