Project Description
The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the Tucson, AZ StorWise Self Storage Facility.
SOLD
Total Size – 30,965 NRSF
The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the StorWise Self Storage, located in Tucson, AZ.
The StorWise facility is comprised of 30,965 rentable square feet on approximately 2.8 acres of land. The facility was built in 1977 and is composed of 232 total units. The subject has current physical and economic occupancies of 75 percent and 86 percent respectively.
Situated in Tucson, AZ, StorWise Self Storage is located at 4070 E 29th St. Tucson is the second most populous city in Arizona. The projected five-mile growth rate is 0.6% annually over the next five years. The facility is situated southeast of the downtown area and benefits from a strong average household income exceeding $56,000 within three miles of the site. Aerospace, optics, research and development, renewable energy companies and the University of Arizona are among the city’s major employers. Tucson is known for its development of high-tech industries, supported by a growing University of Arizona and the presence of the US Army Intelligence Center. Additionally, the city is a popular retirement and seasonal destination for many, driving a strong hotel and resort industry.