NAI Horizon negotiates $2M sale of Camp Verde 24 Hour Storage
PHOENIX, ARIZONA (November 18, 2019): NAI Horizon Senior Vice President Denise Nunez represented the seller in a $2 million sale of Camp Verde 24 Hour Storage, 603 Industrial Dr., in Camp Verde, Arizona.
Nunez represented the seller, 603 Industrial, LLC. The buyers were from out of state and acquiring their first self-storage investment property.
Anchor Mini Storage was built in 1985 as an addition to a real estate brokerage services company that operated out of the main building. The facility is positioned on a 2.38-acre site. There are 176 self-storage units plus one apartment in the main building.
The facility is located in the town of Camp Verde, which is bisected by I-17, extending 8 miles to the west and 10 miles to the east of the interstate. Three freeway exits provide local access: Exits 285, 287 and 289. UPS operates a distribution center out of this location with a ground lease.
“The seller purchased the property in 2017, added a website, made some physical improvements, operational changes and was able to capitalize on the significant improvement to net operating income,” Nunez said. “The seller 1031 exchanged into four other self-storage opportunities.”
The buyers were represented by Don Arsenault of Don Arsenault Realty.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 375+ offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions thro
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NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
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