Jeff Gorden sets a new sale price record with the sale of Eagle Canyon Storage in Phoenix, Arizona. The self storage facility, formerly known as Camelback Self Storage, sold December 18, 2017 for $17,500,000 which becomes the new high benchmark for a single self storage property in Arizona.
The property spans just over four-and-a-half acres and provides 754 units of drive up and climate controlled self storage. Jeff Gorden and Kyle Topper of Eagle Commercial Realty Services represented the private, Phoenix-based, seller in this transaction and led a targeted marketing campaign sourcing numerous potential buyers and multiple offers. Ultimately, a Phoenix-based buyer presented the winning offer.
The sale of this property involved highlighting positive outlooks of the surrounding area and increasing occupancy trends at the property. Though this was an unusual sale, our depth of experience in self storage properties, deal structure, resources and the industry contacts of our team benefitted all parties involved. In the end, Buyer and Seller were both very pleased with the results and are looking forward to new projects.
Jeff Gorden, Vice President, and Kyle Topper, Associate of Eagle Commercial Realty Services, AMO® are affiliates of the Argus Self Storage Sales Network Affiliate and specialize in self storage and RV properties. Our self storage specialty group is actively searching for additional Self Storage and RV Storage purchase opportunities. Please send prospective properties to Info@Gorden-Group.com or call 480-331-8880.
Based in Denver, Colorado, the Argus Self Storage Sales Network (ASSSN) was formed in 1994 to assist owners and investors of self storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self storage and income property investments. Now the largest self storage brokerage network in the United States, the ASSSN has 38 Broker Affiliates covering nearly 40 markets and a total self storage transaction history of over $2 Billion. These brokers are able to meet the needs of self storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55-STORE or visit Argus-SelfStorage.com.