Marcus & Millichap is pleased to offer for sale Rita Ranch Storage and Car Wash (the “Facility”) located in Tucson, AZ. The Facility is offered at $4,500,000.
The Facility is comprised of three single-story self storage buildings and a six-bay car wash building; as well as a stand-alone office building with a large owner’s office, vehicle detailing and dog wash stations. The back half of the site contains a mix of storage containers and uncovered RV/vehicle parking area.
The Facility was built in 2000 and sits on 5.60 acres. The self storage buildings were built with CMU block, metal roll-up doors and metal screw-down roofs. The buildings have concrete slab foundations and the drive aisles are unpaved and finished with fine sand and gravel. The asphalt parking area is also unpaved.
The car wash bays are built with CMU block and the area is fully paved with asphalt. There are four self-service bays and two pull-through automatic bays with combination touch-free/soft-touch wash options. A truck wash bay is located at one end of the car wash building with a dog wash station located at the other end. The detailing center sits behind the car wash bay. There are also six self-serve vacuums.
U-Haul trucks and trailers are stored at the front of the site for easy in-and-out access for customers. The Facility advertises itself to be the “7th busiest U-Haul dealership in southern Arizona.”
The storage facility is fully-fenced with a mix of wrought iron, brick wall and cyclone perimeter fencing. The self storage facility has electronic keypad entry through the main gate, and security cameras are located throughout the site.
The rental and business office is located in a stand-alone building near the main entrance of the Facility. The owner’s office is in a converted trailer adjacent to the rental office. It has room for two full-sized desks which are perfect for an owner and a bookkeeper to use.
While the site is currently fully-utilized, traditional self storage buildings could be built on the back of the site replacing some or all of the storage containers and RV parking.
As of August 2017, the Facility is 96% occupied by units, 96% by square feet and 87% economically occupied. With the addition of car wash services in 2015 and 2016, the Facility is enjoying record revenue in 2017.