{"id":1004182448,"date":"2017-07-05T09:51:01","date_gmt":"2017-07-05T17:51:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004182448"},"modified":"2022-12-09T02:31:54","modified_gmt":"2022-12-09T10:31:54","slug":"phoenix-self-storage-lands-new-owner","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/","title":{"rendered":"Phoenix Self Storage Lands New Owner"},"content":{"rendered":"<p>By Alexandra Pacurar<\/p>\n<div id=\"attachment_1004182449\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004182449\" data-attachment-id=\"1004182449\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/phoenix-self-storage\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg\" data-orig-size=\"463,261\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"phoenix-self-storage\" data-image-description=\"&lt;p&gt;Phoenix Self Storage&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Phoenix Self Storage&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg?w=463\" class=\"wp-image-1004182449 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg\" alt=\"Phoenix Self Storage\" width=\"300\" height=\"169\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg 463w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg?resize=300,169 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004182449\" class=\"wp-caption-text\">Phoenix Self Storage<\/p><\/div>\n<p>Marcus &amp; Millichap brokered the sale of Phoenix Self Storage, a 128,240-square-foot property offering 1,031 rentable units. Devin Beasley, Luke Elliott and Michael Mele\u2014<a href=\"https:\/\/www.commercialsearch.com\/news\/iron-gate-self-storage-portfolio-changed-hands\/\">self-storage investment specialists<\/a> at Marcus &amp; Millichap\u2019s The Mele Group\u2014marketed the property on behalf of the seller, a private investor.<\/p>\n<p>The same team represented the seller, a limited-partnership investment firm based on the East Coast. Ryan Sarbinoff, regional manager of the firm\u2019s Phoenix office, assisted in closing the deal. According to Luke Elliot, the property traded for nearly twice the value estimated by local brokers.<\/p>\n<h2>Value-add opportunities<\/h2>\n<p>The Class A asset is located on an 8.6-acre lot at 3650 W. Broadway Road in Phoenix and includes 479 climate-controlled units, 529 regular units and 23 parking spaces. The facility\u2019s thoroughfare is a component of the $84 million Avenida Rio Salado project, City of Phoenix\u2019s street improvement initiative that is primarily federally funded. Several retail and residential properties are near the asset, and roughly 230,000 individuals live within a five-mile radius.<\/p>\n<p><em>\u201cPhoenix Self Storage offers many opportunities to dramatically increase value in a short amount of time, making it an excellent purchase,\u201d<\/em> Devin Beasley said in a prepared statement.<\/p>\n<p><em>Image courtesy of Marcus &amp; Millichap<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 128,240-square-foot facility offers value-add opportunities, adjacent to a thoroughfare that is part of Phoenix\u2019s $84 million Avenida Rio Salado street improvement project.<\/p>\n","protected":false},"author":236,"featured_media":1004182449,"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":[34836,36368],"class_list":["post-1004182448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-phoenix","category-west","tag-marcus-millichap","tag-the-mele-storage-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Phoenix Self Storage Lands New Owner - 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\/phoenix-self-storage-lands-new-owner\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phoenix Self Storage Lands New Owner\" \/>\n<meta property=\"og:description\" content=\"The 128,240-square-foot facility offers value-add opportunities, adjacent to a thoroughfare that is part of Phoenix\u2019s $84 million Avenida Rio Salado street improvement project.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/\" \/>\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=\"2017-07-05T17:51:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:31:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"463\" \/>\n\t<meta property=\"og:image:height\" content=\"261\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexandra Both\" \/>\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\/phoenix-self-storage-lands-new-owner\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/\",\"name\":\"Phoenix Self Storage Lands New Owner - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg\",\"datePublished\":\"2017-07-05T17:51:01+00:00\",\"dateModified\":\"2022-12-09T10:31:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/92454aa9920287f97bb7f9888b2836f7\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg\",\"width\":463,\"height\":261,\"caption\":\"Phoenix Self Storage\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Phoenix Self Storage Lands New Owner\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/92454aa9920287f97bb7f9888b2836f7\",\"name\":\"Alexandra Both\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b4b29ecfcc757dc9cc23f2ffb2e0db3f57467a73d494f764cffaf85980db498a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b4b29ecfcc757dc9cc23f2ffb2e0db3f57467a73d494f764cffaf85980db498a?s=96&d=mm&r=g\",\"caption\":\"Alexandra Both\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/alexandrapacurar\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Phoenix Self Storage Lands New Owner - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/","og_locale":"en_US","og_type":"article","og_title":"Phoenix Self Storage Lands New Owner","og_description":"The 128,240-square-foot facility offers value-add opportunities, adjacent to a thoroughfare that is part of Phoenix\u2019s $84 million Avenida Rio Salado street improvement project.","og_url":"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-07-05T17:51:01+00:00","article_modified_time":"2022-12-09T10:31:54+00:00","og_image":[{"width":463,"height":261,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg","type":"image\/jpeg"}],"author":"Alexandra Both","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/","url":"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/","name":"Phoenix Self Storage Lands New Owner - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg","datePublished":"2017-07-05T17:51:01+00:00","dateModified":"2022-12-09T10:31:54+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/92454aa9920287f97bb7f9888b2836f7"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg","width":463,"height":261,"caption":"Phoenix Self Storage"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-self-storage-lands-new-owner\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Phoenix Self Storage Lands New Owner"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/92454aa9920287f97bb7f9888b2836f7","name":"Alexandra Both","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b4b29ecfcc757dc9cc23f2ffb2e0db3f57467a73d494f764cffaf85980db498a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b4b29ecfcc757dc9cc23f2ffb2e0db3f57467a73d494f764cffaf85980db498a?s=96&d=mm&r=g","caption":"Alexandra Both"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/alexandrapacurar\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/phoenix-self-storage.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004182448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/236"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004182448"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004182448\/revisions"}],"predecessor-version":[{"id":1004183052,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004182448\/revisions\/1004183052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004182449"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004182448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004182448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004182448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}