{"id":1004174043,"date":"2017-04-26T10:20:33","date_gmt":"2017-04-26T18:20:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004174043"},"modified":"2022-12-08T16:05:12","modified_gmt":"2022-12-09T00:05:12","slug":"self-storage-asset-changes-hands-in-maricopa-county","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/self-storage-asset-changes-hands-in-maricopa-county\/","title":{"rendered":"Self-Storage Asset Changes Hands in Maricopa County"},"content":{"rendered":"

By Evelina Croitoru<\/p>\n

\"Tolleson<\/a>

Tolleson Self Storage<\/p><\/div>\n

The Mele Group of Marcus & Millichap has announced the sale of Tolleson Self Storage in Tolleson, Ariz. Devin Beasley, Luke Elliott and Michael Mele, self-storage investment specialists at The Mele Group<\/a>, marketed the 26,875-square-foot property on behalf of both the seller and the buyer. According to data provider Yardi Matrix, The Laurel Co. sold the facility to Clear Sky Capital for $2.4 million.<\/p>\n

Located at 9620 W. Van Buren St. in Maricopa County, the property comprises 250 units. Built in 2009, the property features additional value offered through permit-ready expansion on the site\u2019s vacant ground, which could almost double the rentable square feet. Amenities include an advanced security system, 24-hour access, state-of-the-art computer systems and fire sprinklers.<\/p>\n

\"9620<\/a>

9620 W. Van Buren St., Tolleson, Ariz.<\/p><\/div>\n

\u201cThis acquisition provides the buyer with a quality asset that has potential for expansion in a steadily growing market<\/em>,\u201d Beasley, investment associate in Marcus & Millichap\u2019s Phoenix office, said in a prepared remark.<\/p>\n

\u201cThis closing marked the 15th<\/sup> self-storage transaction The Mele Group has completed in 2017<\/em>,\u201d Elliott, vice president investments in Marcus & Millichap\u2019s Tampa office, said in prepared remarks.<\/p>\n

The transaction was subject to a $2.5 million loan held by Commerce Bank of Arizona. As Yardi Matrix data shows, the facility last traded in March 2016 for $2 million.<\/p>\n

Images courtesy of Marcus & Millichap and Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Marcus & Millichap closed on the sale of a 26,875-square-foot self-storage property comprising 250 units. Yardi Matrix data shows that the facility traded for $2.4 million.<\/p>\n","protected":false},"author":1055,"featured_media":1004174056,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,1601,15],"tags":[35159,32926,34836,32927,35160],"class_list":["post-1004174043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-phoenix","category-west","tag-clear-sky-capital","tag-luke-elliott","tag-marcus-millichap","tag-michael-mele","tag-the-laurel-company"],"acf":[],"yoast_head":"\nSelf-Storage Asset Changes Hands in Maricopa County - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/self-storage-asset-changes-hands-in-maricopa-county\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Self-Storage Asset Changes Hands in Maricopa County\" \/>\n<meta property=\"og:description\" content=\"Marcus & Millichap closed on the sale of a 26,875-square-foot self-storage property comprising 250 units. Yardi Matrix data shows that the facility traded for $2.4 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/self-storage-asset-changes-hands-in-maricopa-county\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-26T18:20:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:05:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Tolleson-Self-Storage.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"644\" \/>\n\t<meta property=\"og:image:height\" content=\"372\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelina Croitoru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/self-storage-asset-changes-hands-in-maricopa-county\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/self-storage-asset-changes-hands-in-maricopa-county\/\",\"name\":\"Self-Storage Asset Changes Hands in Maricopa County - 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