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Midway Self Storage – Lakeside, Arizona

5794 Wagon Wheel Plaza, Lakeside, AZ 85929, USA

Description

Read more about this closed sale here.

General Description

The investment opportunity is an income producing self storage facility which is leased to a mix of household and commercial storage tenants. The improvements consist of ten Storage buildings totaling 23,950 rentable square feet. There are 178 units of drive up storage, zero units of climate controlled storage and nine parking spaces for storage of vehicles. Construction is metal exterior and roofs on a concrete foundation. Drive aisles are gravel. Access controls are composed of chain link fencing with a keypad controlled gate. The property currently uses Sentinel as its management software and employs a resident manager.

 Market Overview

The property is located along Highway 260 in Lakeside (Show Low), Arizona. Show Low is the economic hub of eastern Arizona with an economy that thrives around tourism services, education, medical and light manufacturing. Employers located within Show Low include machine shops, wood-pellet production, construction, transportation services, and numerous nationally-known retailers. Wholesale concerns include lumber companies, concrete plants, and bottled gas firms. Navajo County business offices and regional headquarters and Navapache Regional Medical Center, a regional trauma hospital, are maintained in Show Low. There is a large planned Potash Mine just to the north of Show Low which is expected to be a major driving economic force in the coming years.

Due to its size and location, the community serves as a regional trade and services center for southern Navajo County and portions of southern Apache County. It is also an entry point for visitors to the White Mountain recreation areas. The city of Show Low operates the regional airport which provides daily commuter service to Phoenix Sky Harbor Airport. Show Low has no property tax.

 

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