Vacant Land Purchase – Glendale, Arizona
Kyle Topper and Jeff Gorden of Eagle Commercial Realty Services have arranged the purchase of vacant land located at Camelback Road and the loop 101 in Glendale, Arizona. This self storage development site sold on April 30th, 2019 for $1,280,000. The planned facility will be three stories and will provide over 700 units of climate controlled storage. Eagle Commercial represented the Buyer.
Kyle Topper shared the following about the sale, “Identifying viable self storage development sites in today’s market can present quite the challenge. With the number of projects currently in the pipeline, and the number of developers trying to increase that, the market is beginning to grow oversaturated. This challenge can be multiplied even further for out of state developers. By enlisting our services, the out of state developer we represented was able to leverage our knowledge of existing supply, rigorous tracking of the development pipeline, and regular communication with active developers. This enabled them to locate a site in one of the rare bubbles of high unmet demand.”
Jeff Gorden and Kyle Topper, of Eagle Commercial Realty Services, AMO® in Phoenix, are the Arizona and Nevada Broker Affiliates of the Argus Self Storage Sales Network (www.argus-selfstorage.com) and specialize in self-storage and RV storage investment properties. Gorden’s team is actively searching for additional Self Storage and RV Storage purchase opportunities. Please send prospective properties to firstname.lastname@example.org or call 480-331- 8880.