Infill Stabilized Phoenix MSA with Upside, Phoenix, AZ

Infill Stabilized Phoenix MSA with Upside, Phoenix, AZ2021-04-08T06:11:57-04:00

Project Description

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market for sale of Infill Stabilized Phoenix MSA with Upside in Phoenix, Arizona,

Market Bid
Total NRSF – 122,812NRSF

THE SELF-STORAGE ADVISORY GROUP OF CUSHMAN & WAKEFIELD HAS BEEN SELECTED TO EXCLUSIVELY MARKET THE TWO PROPERTY CUBESMART MANAGED SELF STORAGE PORTFOLIO OPPORTUNITY IN THE PHOENIX, MSA. This Infill Self-Storage portfolio represents an incredible opportunity to maximize a footprint within the highly sought-after Phoenix MSA market. The portfolio consists of 122,812 net rentable square feet that stretch over a total of 1,249 units. Each location is complimented with strong population densities with the Cinnabar seeing 102,538 people within a three-mile radius while the Glendale facility boasts a three-mile population of 202,528. Both locations offer premium access to major thoroughfares. With the Glendale and Cinnabar locations seeing drive-by traffic of 45,733 and 22,763 respectively, the direct visibility and frontage allows for maximum exposure.

Both locations offer ample room to realize increased cashflow. Cinnabar, which opened in 1985 and includes an expansion completed in 2020, currently sits at 86.8% physical and 63.67% economic occupancies. The Glendale location follows the same trend at 89.4% physically and 73.09% economically occupied. Across the portfolio, an investor can take advantage of the upside presented allowing for additional income.

The portfolio represents an excellent opportunity to acquire two unique, infill-located facilities and gain a significant footprint within the consistently growing Phoenix MSA. Each property delivers strong fundamentals which include but aren’t limited to strong populations, drive-up style construction, and irreplaceable locations allowing for the ability to reap the rewards of this
investment for years to come.

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