Bisbee Self Storage – Bisbee, Arizona
We’re pleased to announce the sale of Bisbee Storage in Bisbee, Arizona. The self-storage facility sold October 18, 2017 for $248,000.
The property spans over an acre and provides 90 units of self and RV & boat storage. Eagle Commercial led an international marketing campaign sourcing numerous potential buyers and multiple offers. Ultimately, a Minnesota 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. Per usual, 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.
“This sale represents our 11th self storage property sold in 2017 and the second time we have successfully found a buyer for this particular asset,” said Jeff Gorden. “Our client executed well on a capital improvement and repositioning strategy with this property. We’re glad to be part of his success.”
Jeff Gorden, Vice President of Eagle Commercial Realty Services, AMO® in Phoenix, an Argus Self Storage Sales Network Affiliate, specializes 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.