19th Avenue Self-Storage Opportunity, Phoenix, AZ

This infill self-storage opportunity represents one of the best physically stabilized facilities that Phoenix has to offer with plenty of upside to maximize future returns. At 56,940 net rentable square feet and complemented by an additional 10,845 feet of parking this facility offers premium visibility on 19th Ave which sees just over 25,821 VPD in drive by traffic. Additionally, the three-mile radius boasts a population density of 153,579 within the highly sought-after Phoenix market.

At 607 units the property currently sits at a physical occupancy of 96.3% while the economic occupancy is just over 63% allowing for an investor to realize incredible upside by simply bringing the economic occupancy up to stabilization. The current owner has spent over $600,000 in CapEx to keep the facility in pristine condition and up to date which we have highlighted on the same page.

The 19th Ave facility represents an excellent opportunity to acquire a well-located, infill property within Phoenix. This drive-up style property allows for a new buyer to realize a strong entrance into the market or an existing owner the rare opportunity to increase their footprint locally with a strong performing asset that delivers multiple avenues.

Investment Highlights

• Current owner has invested over nearly $700,000 in capital improvements
• The property offers a total of 56,940 rentable square feet with an additional 10,845 sq ft. of parking.
• The three-mile radius boasts a population density of 153,579
• The property is protected by secure gate access, a fenced perimeter, and 24-hour recording