Closed Sales

February 22, 2018
 / 
Closed Sales
F&R Grand Avenue Mini Storage – Peoria, Arizona

Jeff Gorden of Eagle Commercial Realty Services has arranged the sale of F&R Grand Avenue Mini Storage in Peoria, Arizona. The self-storage facility sold February 20, 2018 for $2,140,000. The property spans just over one acre and provides 338 units of self storage. Eagle Commercial represented the California based Seller. An international self storage investment group won the deal.

Read More
January 5, 2018
 / 
Closed Sales
Concho Mini Storage – Concho, Arizona

Jeff Gorden of Eagle Commercial Realty Services has arranged the sale of Concho Mini Storage in Concho, Arizona. The self-storage facility sold January 5, 2018 for $225,000. The property spans two acres and provides 117 units of self-storage. Eagle Commercial and represented the Seller. An Arizona based buyer presented the winning offer.

Read More
December 19, 2017
 / 
Closed Sales
American Mini Storage – Sierra Vista, Arizona

Eagle Commercial Realty Services is pleased to announce the sale of American Mini Storage in Sierra Vista, Arizona. The self-storage facility sold December 19, 2017 for $5,450,000. The property spans just over six acres and provides 846 units of self-storage and over 100 spaces for vehicle storage.

Read More
December 19, 2017
 / 
Closed Sales
Eagle Canyon Self Storage – Phoenix, Arizona

Jeff Gorden sets a new sale price record with the sale of Eagle Canyon Storage in Phoenix, Arizona. The self-storage facility, formerly known as Camelback Self Storage, sold December 18, 2017 for $17,500,000 which becomes the new high watermark for a single self-storage property in Arizona.

Read More
March 29, 2017
 / 
Closed Sales
Prescott Mini Storage Portfolio – Prescott, AZ

The owner of this two property mini storage portfolio contacted with us in the fourth quarter of 2016. He was the original developer of the properties from the mid-80’s and was beginning to consider retirement. For years, his properties had produced consistently high levels of occupancy and cash flow, but there were yet challenges that this portfolio presented. First, the size of the market was not great enough to attract large groups, while at the same time the size and valuation of the portfolio was beyond the means of most local operators. Second, the management records used at the facilities were a tried and true, yet antiquated, paper ledger system. This made delivery of historical records, specifically occupancy and month-by-month analysis, a challenge and gave reason for extra scrutiny by potential buyers and lenders.

Read More
February 7, 2017
 / 
Closed Sales
AA Val U Stor – Yuma, Arizona

The Seller of this institutionally sized self storage facility was the original developer and operator of the property from its initial development seventeen years ago through several phased expansions. We had been providing advisory and market intelligence to this property owner for several years. When conversations turned to those of retirement, we were the logical choice. No other broker had successfully sold similar property in this market for over a decade. The performance of the facility had been strong in the past and performance trends were positive, but we knew that selling this property could be a challenge. While larger operators may pass over this market due to size and population, smaller operators may pass over the property due to the size and price. It was truly a Goldilocks’ assignment.

Read More
January 26, 2017
 / 
Closed Sales
Triple Nichol Storage Center – Miami, Arizona

The owner of this small market self storage facility contacted us in in the third quarter of 2016. They were interested in retiring, and after hearing about our national marketing platform and pricing strategy, we won the assignment. Knowing that occupancy and cash flow had been consistently strong over the past year, we immediately began working on a strategy to attract buyers to a town of less than 2000 people.

Read More
January 12, 2017
 / 
Closed Sales
Corona Self Storage – Fort Mohave, Arizona

Our client developed this property in 2006 and had been operating it until the time of the sale. This self storage was an ancillary business for them and its performance was not being maximized. This led to cash flows that were lower than market average and presented a significant challenge in selling the property at the desired price. In fact, this particular facility had been listed a number of times in the past with no success.

Read More
November 1, 2016
 / 
Closed Sales
Park ‘N Shade – Marana, Arizona

When we were contacted, the owner of this ten acre RV & boat storage facility had already received a number of inquiries and unsolicited offers. A familiar situation to us, the seller asked our team for a valuation opinion for the property and if one of our clients could be an interested buyer.

Read More
October 12, 2016
 / 
Closed Sales
Land For Self Storage Development – Gold Canyon, Arizona

Our client purchased this property as an investment in the early 2000’s and had planned to construct a self storage facility via joint venture with a local developer. Necessary entitlement approvals were obtained; however, just as they were preparing for construction, the economy faltered and with it the plans for construction. The client held the land during the following years, keeping in touch with our team for advisory on the best time to revive the project.

Read More
October 12, 2016
 / 
Closed Sales
Encanto & 83rd Self Storage – Phoenix, Arizona

This client had recently begun a process of transition into other other investments markets and, in order to continue this transition, they contacted us about selling this asset. We immediately conducted an analysis of his facility and his competitors and found one big challenge in taking this property to market: his current unit mix included a section that presented a chronic leasing challenge.

Read More
August 14, 2015
 / 
Closed Sales
Palo Verde Self Storage – Tucson, Arizona

The seller of this storage sought out the expertise of our team to help them sell their property within a limited time frame. Our client had a loan maturity coming due and did not wish to refinance as this facility was no longer one of his core assets. The storage had deferred maintenance, the management systems were not computerized, and it was located on a main industrial road with a low household count.

Read More
July 22, 2015
 / 
Closed Sales
A-Secured Self & Vehicle Storage – Mesa, Arizona

Our client in this self storage sale had delegated the day-to-day management of this asset for many years when outside factors caused him to assume the management responsibility. After some review, the owner decided that market conditions indicated a higher return could be made through a sale vs. taking up to a year to complete a performance reposition. At this point the owner sought out our services. The property consisted of self storage buildings surrounded by a large area for boat & RV storage. It was this configuration that eliminated many institutional buyers from the buyer pool and we knew we would need to identify a special kind of buyer who was willing to venture outside of traditional self storage criteria.

Read More
July 14, 2015
 / 
Closed Sales
Midway Self Storage – Lakeside, Arizona

Our client was a repeat customer who had been involved in deals that our team had bought and sold before. The client was interested in liquidating the asset and redeploying capital into other projects. The facility was located in a tertiary market and was not visible from the main highway running through the town. The largest regional bank was also uninterested in lending on the asset, meaning that a potential buyer would have to find financing through another venue.

Read More
June 25, 2015
 / 
Closed Sales
Serranos NNN – Mesa, Arizona

The sale went through in time for our client to meet their 45 and 180 day windows on the 1031 exchange. Harnessing our expertise in the Arizona market, we were able to familiarize our client with the locale and by the end of the exchange. They had learned a significant amount about the Arizona real estate market. They were ultimately very satisfied with the property they acquired.

Read More
March 31, 2015
 / 
Closed Sales
Riverview Self Storage – Bullhead City, Arizona

Self storage is a unique asset type that requires expert knowledge to properly represent in a sale. This particular property was located in a smaller community and was self-managed by the sellers who wanted to retire and do more traveling. Since the sellers desired a clean break from the property, we needed to have solutions available to the prospective buyer for the management and financing of the property. By anticipating and solving for these challenges, we knew we could expand the prospective buyer pool to outside of the local market and get a higher sale price for our client.

Read More
March 31, 2015
 / 
Closed Sales
Clearwater Self Storage – Bullhead City, Arizona

Self storage is a unique asset type that can operate successfully in many of different types of markets such as this one which was located in a smaller community and was owner-operated. Our client was looking to retire and so we needed a way for a buyer to step right in and take over the business without interruption.

Read More
February 23, 2015
 / 
Closed Sales
Sure Storage – Surprise, Arizona

Our clients were regional investors, owning multiple asset types across the Southwest and specializing in distressed assets and repositioning. They had acquired the storage at a trustee’s sale 9 months prior to seeking out our services to help them maximize exit value of the property so that they could redeploy capital into another asset. The facility was located at a less-than-ideal location (at the end of a cul-de-sac) and was not visible from the main road.

Read More
February 19, 2015
 / 
Closed Sales
Fortuna Road Storage – Yuma, Arizona

This self storage was constructed thirty years prior to our team listing the property and featured a car wash on one of the corners of the property. Over the years, many of the original partners passed away leaving the managing partner (our client) with heirs as his partners. The management of this new group of investors became a driving factor behind a vote to sell the property. The property was located in Yuma, which could be described as a secondary market of Arizona but a tertiary market by national standards. Though there were solid underlying economic drivers, we had handled properties like this before and knew the routine: sell the market first and the property second.

Read More
June 27, 2014
 / 
Closed Sales
Kleindale Business Park – Tucson, Arizona

Our client sought out the expertise of our team to help them sell their mixed-use self storage and business park. The business park was not considered a core asset in their portfolio and they were looking to redeploy capital into an asset closer to their home. The facility was in an older section of the city of Tucson, and due to its mixed-use it did not fit the criteria of many typical self storage investors.

Read More
May 12, 2014
 / 
Closed Sales
Broadway Self Storage – Tucson, Arizona

This asset was originally a health club that was converted into a two story, climate controlled self storage in 2008. The owner acquired it in a REO sale, and had possessed it for a few years while completing a number of capital projects. It was not considered a core asset in their portfolio and they were interested in receiving the highest return on investment and deploying capital into another asset. The owner was receiving unsolicited offers, but did not believe those offers represented the true asset value. Due to our team’s prevalence in the asset type, the owner sought out our expertise to represent them in a sale.

Read More
December 20, 2013
 / 
Closed Sales
Carmel Professional Plaza – Chandler, Arizona

This client sought the real estate investment expertise of our team to help acquire an income property leased to a creditworthy tenant on at least a five year lease. The client had specific price and geographic requirements and wanted an asset with both minimal management and maintenance involvement. These requirements limited the pool of properties our team could search within.

Read More
September 12, 2013
 / 
Closed Sales
Self Storage – Tempe, Arizona

Our client approached us to discuss a possible sale of their self storage property. The client owned two self storage facilities, and did not consider this storage facility as a core asset in their portfolio. They had also bought at the peak of the previous business cycle and the location was too far from their homes for them to manage properly. This tasked our team with the challenge of selling the property based on both performance and the price our clients needed.

Read More
August 6, 2013
 / 
Closed Sales
Speedy Cash – Phoenix, Arizona

This property was being sold by a bank acting as a fiduciary for a trust who needed the property sold. The property had a payday loan business as a tenant and the tenant’s business model was about to undergo state wide re-regulation. With these challenges, the bank sought out the real estate investments knowledge of our team to sell the asset for them.

Read More
July 31, 2013
 / 
Closed Sales
Self Storage – Bisbee, Arizona

Our team tracks all self storage sales in Arizona and got in contact with our client when this storage sold. After getting in touch with them, it was disclosed that they had originally sold the facility a decade earlier, and defaulted on the buyer that they carried paper for. Our client had originally built the property but with the time lapse, living out of state, and deferred maintenance they did not wish to own it again.

Read More
May 24, 2013
 / 
Closed Sales
Glendale Town Center – Glendale, Arizona

The client owned a multi-tenant retail center in the urban core of the City of Glendale in Arizona. Similar to many properties in the area it featured a mix of small, regional, and single location retail tenants. Our client was from out of state and had improved the asset significantly since purchasing it. Having finished repositioning the asset, our client was looking to make their return and redeploy the capital into another growth opportunity.

Read More
September 27, 2012
 / 
Closed Sales
Self Storage And RV Storage – Black Canyon City, Arizona

This self storage and RV storage property was located in a tertiary market, just outside of the Phoenix Metropolitan area situated on three different parcels, separated by a T-intersection. Our client was the original owner/ developer and had built each phase at different times using different building methods, the oldest of which, was functionally obsolete. The client sought out the expertise of our self storage team to help them capture the highest exit value possible.

Read More
August 23, 2012
 / 
Closed Sales
Walgreens – Mesa, Arizona

Our Client was a fiduciary representing a private institution that had received a property through devise. Our client owned the building, and leasehold estate, but did not have room for the asset in its portfolio. The land is owned by the City of Gilbert, in a long term lease and had rent escalations on it, while the tenant in the building had de-escalations on its rent. In addition to these less than desirable characteristics, the property was also being sold in the middle of the recession and was slightly older than most investors would have liked.

Read More
April 6, 2012
 / 
Closed Sales
A-Secured Self & Vehicle Storage III – Mesa, Arizona

We were approached by our client who was looking to sell their self storage facility. Their note had matured and the bank was threatening to foreclose on the property if action was not taken immediately. The facility featured about 60,000 sq. ft. of self storage space and about 90,000 sq. ft. of RV storage.

Read More
December 30, 2011
 / 
Closed Sales
Single Tenant Net Lease Investment Sale – Glendale, Arizona

The Client owned a single-tenant net lease asset, a former service station that was converted to stand alone retail and leased to a regional car insurance provider. Our client was looking to downsize their portfolio and sought the expertise of our team to help them achieve the maximum exit value.

Read More
October 1, 2010
 / 
Closed Sales
Northsight Corp Bldg C – Scottsdale, Arizona

Our Client was acting as a fiduciary for a group interested in selling their net leased office building in Scottsdale, Arizona. The tenants, although both credit worthy, were not committed to long term leases. One tenant was a branch from an out of state bank, and the other was a department of the City of Scottsdale in a sublease.

Read More
October 2, 2009
 / 
Closed Sales
Walgreens – Gilbert, Arizona

Our Client was a fiduciary who represented a private institution who had received a property through devise. The property was on a ground lease and the institution did not have space for it within its portfolio, so it sought out our team to help liquidate the asset. The land is owned by the City of Gilbert, in a long term lease. Our Client was looking to sell the building, and leasehold estate in a less than ideal time frame. The recession had been in full swing for about two years and many investors were not interested in buying a property that did not include the land beneath it.

Read More
December 30, 2008
 / 
Closed Sales
American Motorsports – Chandler, Arizona

Our client was given a limited time frame to move his business to avoid interrupting his services, due to a pending redevelopment into a RV & Boat Storage, on the property where our client operated his automotive repair shop. Our client requested to stay within a five mile radius of his current location in order to retain his current client base. Given the limited time frame and geographical restraints, locating suitable replacement properties, to either lease or buy, proved to be a challenging task.

Read More
March 29, 2008
 / 
Closed Sales
Amado’s Mexican Food – Mesa, Arizona

Our client owned a shopping center and had been eyeing the free standing net leased pad neighboring his center. During his tenure as owner of the center, the pad had never been made available for purchase. He then sought out the expertise of our team to assist him in finding the true owner of the pad and to help him make an educated offer on the parcel.

Read More