Bill Alter is pleased to announce the sale of Armored Mini Storage located at 13845 N. 7th Street, Phoenix, AZ. The sale closed on September 8, 2016 for $7,930,000, which represents approximately $163 per square foot and a cap rate of about 5.2%. Armored Mini Storage is a 3-story, climate controlled facility constructed in 2000. […]
A sale of a 9,213 SF restaurant, known as the former TGI Fridays building on I-17, was recently sold. The location of the property is 11025 N Black Canyon Hwy, Phoenix, AZ 85029. The property sold to a private buyer, that intends to operate a Korean BBQ restaurant. The seller was the Dreyfuss Family Trust. […]
Bill Alter is pleased to announce the sale of Storage Max Self Storage located at 11900 W.N. 91st Ave., Peoria, Arizona. The sale closed on June 7, 2016 for $3,500,000, which represents approximately $52 per square foot and a cap rate of about 5.35%. The property was constructed in 1986 and consisted of about 69,825 […]
Sandy Alter of Rein & Grossoehme Commercial Real Estate represented the seller for the sale of Randolph Place Apartments, a 19-unit apartment complex located at 2843 E. 17th Street in Tucson, Arizona. The property sold to the Eddy Revocable Trust, and the seller was Randolph Place Limited Partnership. The sale price was $677,500 which equates […]
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 […]
A 16,538 sf retail center known as Fletcher Heights Marketplace at the SEC of 83rd Avenue & Lake Pleasant Parkway in Peoria, AZ recently sold for $2,800,000 ($169 per sf). The buyer was Plaza Las Americas Holdings, LLC. The seller was Eleven Investments, LLC. Jared Lively of Rein & Grossoehme represented the Buyer on this […]
Bill Alter is pleased to announce the sale of Foothills Self Storage located at 4555 N. 1st Avenue in Tucson, Arizona. The sale closed on March 10, 2016 for $7,500,000, which represents approximately $120 per square foot and a cap rate of about 5.7%. The property was constructed in 1996 and consisted of about 62,770 […]
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 […]
The sale of approximately 8.73 Acres Zoned IND-3, Heavy Industrial, Maricopa County, with a 2,500 Square Foot office building and a ±4,500 square foot maintenance shop was recently recorded. The location of the property is 8132 W. Sherman Street in Tolleson, AZ. The property sold to Digby Family LLP. The seller was Rush Investments, […]
The sale of a 6,300 square foot building was recently recorded. The property is located at 4850 N. 83rd Avenue in Phoenix, AZ. The property sold to Risas Real Estate and Equipment LLC. The seller was Mahan Ranch LLC. The sales price was $862,500.00 which equates to $136 per square foot. Jake Ertle and Jim […]