Cushman & Wakefield arranged the sale of Tempe Bargain Self-Storage, located at 1964 E. University Drive in Tempe, Arizona, for $4.5 million, or $6,156 per unit and $71.45 per square foot.
Built in 1977 and updated in 2008, the sale consisted of 731 units throughout 62,982 square feet. Encompassing 3.22 acres, the facility features major street signage and access off University Drive.
The property was 82% leased at the time of sale.
Cushman & Wakefield’s Executive Directors Paul Boyle and Rick Danis facilitated the transaction.