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Triple Nichol Storage Center – Miami, Arizona

3586 US-60, Miami, AZ 85539, USA

Description

Read more about this closed sale here.

General Description

This investment opportunity is an income producing self storage which is 100% leased to a mix of household, commercial, and vehicle storage tenants. The storage is provided by large containers of varying size and an expansive parking lot that allows for covered and uncovered vehicle storage. This mix of storage units and parking supplies 22,648 SF of rentable storage unit space and 53 spaces of variable length for vehicle storage.

The underlying reason for Triple Nichols 100% occupancy is its lack of competition. There are only 3 other competitors in the area. The closest competitor is located over 5 miles away. Furthermore, all the competitors hold true to their names inclusion of “mini-storage” as they have nowhere near the storage capacity as Triple Nichol.

Market Overview

Set deep in the Arizona Silver Belt, the city of Miami is an area with a long, rich history of economic activity associated with the mining and ranching industries. As the perfect blend of municipal area growth and established industrial enterprises, the city features several exclusive aspects that make it a rare investment option. It’s rolling hills, rich with valuable elements, also offer a charming, unpolished appeal, even as its historic architecture serves as the backdrop to this expanding community. Yet, at the same time, this mining boom-town is well positioned in the greater Arizona area, promising further future possibilities. With a well-centralized core and longstanding commercial operations, the city presents a reliable investing environment for savvy investors. This fact is especially true for those looking for uncommon opportunity with excellent entry points.

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