REAL ESTATE

Arizona Storage Center sold to private investor

Posted 10/23/20

Cushman & Wakefield Phoenix announced the sale of Arizona Storage Center, a 54,976-square-foot self-storage facility in Goodyear.

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REAL ESTATE

Arizona Storage Center sold to private investor

Arizona Storage Center, 18211 W. McDowell Road in Goodyear, was purchased Oct. 23 by a private investor.
Arizona Storage Center, 18211 W. McDowell Road in Goodyear, was purchased Oct. 23 by a private investor.
[Submitted photo]
Posted

Cushman & Wakefield Phoenix announced the sale of Arizona Storage Center, a 54,976-square-foot self-storage facility in Goodyear.

The facility, 18211 W. McDowell Road, consists of 424 units including 175 RV/boat storage spaces, the company announced in a release. The property was purchased by a private investor, and the seller was an entity operating under the name of FRC Goodyear LLC.

The company did not release terms of the transaction completed Oct. 23.

READ: All eyes in the Valley focused on Goodyear

Executive Directors Paul Boyle and Rick Danis with Cushman & Wakefield’s Self Storage Advisory Group in Phoenix represented the seller in the transaction.

“Located in the rapidly expanding city of Goodyear with excellent access from Interstate 10, Arizona Storage Center has historically maintained a high occupancy level,” Mr. Boyle said in a prepared statement. “The property has an excellent unit mix of Self-Storage (59%) and RV/Boat Storage (41%). Plans for the property by the new ownership will include converting all of the open RV/Boat Storage spaces to covered.”

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