Cushman & Wakefield has arranged the sale of Red Mountain Self Storage & RV in Mesa, AZ. Located at 5612 E. McDowell Road, the property consists of 645 units, 80 of which are RV/boat storage, throughout 78,000 square feet. The class A development was built in 2018 and benefits from 66% occupancy. Paul Boyle represented the buyer, Casa De Amigos Mobile Home Estates, as well as the seller, CHSS Fund-J And R Investments Mesa Red Mountain.
Category: Recent Transactions
Cushman & Wakefield Sells Phoenix, AZ Facility
Located at 1575 and 1576 S. Nelson Drive in Chandler, AZ, the property is a 206,800 square-foot RV/boat storage and self storage facility which contains 647 total units made up of 594 RV/boat storage units and 53 climate controlled self storage units. The entire land area is 23 acres and the purchaser has plans to add an additional 450 new RV/boat covered stalls. The property was 100% occupied at the time of sale. The seller was Woudenberg Properties, LLC and purchaser is Carefree Covered RV Storage Chandler, LLC. Paul Boyle,…