Storage Max Self Storage in Peoria, Ariz., was sold for $3.5 million, or $52 per square foot, to a Portland, Ore.-based investor. Constructed in 1986, the property at 11900 N. W. 91st Ave. comprises 69,825 square feet of storage space in 527 units and 105 outdoor vehicle-parking spaces. The seller, an investor from the San Francisco Bay area, was represented in the transaction by Bill Alter, a broker with Rein & Grossoehme.
About Rein & Grossoehme
Founded in 1993, Rein & Grossoehme specializes in the sale of investment properties and industrial, office and retail leasing.