3D Storage – Vernon (Show Low), Arizona
We’re pleased to announce the sale of 3D Storage in Vernon, Arizona. The self storage facility sold July 27th, 2017 for $770,000. The property provides over 100 units of drive up self storage for personal and small business storage needs as well as nearly 30 acres of land including almost 1,000 feet of highway frontage.
Eagle Commercial led an international marketing campaign sourcing numerous potential buyers and multiple offers. Ultimately a buyer in a 1031 exchange came in with the highest offer.
The sale of this property required the depth of experience, resources and industry contacts of our team and all parties involved. Both parties were happy with the end results. The seller was happy to liquidate this asset at a favorable price and the buyer was excited with this new value add opportunity that stood to benefit from modern management practices.
From Jeff Gorden, “We, and our Argus affiliates, have successfully listed and sold numerous storage facilities in small markets around the country. In this case we came to market with a strong offering package highlighting the strengths of this facility and emphasizing the stability of the town’s economy. This included a profile of local employers and recent investments in the local operations. Our search for buyers started in the local areas and moved outwards. As always, we also had the added benefit from our affiliation with the Argus network that connects us with an international network of storage investors.”
From the Seller, “In my opinion, all people involved involved in selling 3D Storage went above and beyond any expectations. (As) someone who ad never sold a business before, I could not have dreamed of everything you guys did to get my .. small market business sold.”
Jeff Gorden, Vice President of Eagle Commercial Realty Services, AMO® in Phoenix, an Argus Self Storage Sales Network Affiliate, specialize in self storage and RV storage properties and represented the Seller in this transaction.
Our self storage specialty group is actively searching for additional Self Storage and RV Storage purchase opportunities. Please send prospective properties to firstname.lastname@example.org.