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REAL ESTATE
Arizona Storage Center sold to private investor
Posted
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Cushman & Wakefield is a global real estate services firm serving real estate occupiers and owners. The company has 53,000 employees in 400 offices and 60 countries. In 2019, it had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit cushmanwakefield.com.
Independent Newsmedia
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.
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.”
