PHOENIX, ARIZONA (June 9, 2021) – NAI Horizon Managing Director Denise Nunez and Associate Victoria Filice represented the seller in the $17.5 million investment sale of Envy Self-Storage & RV in Gilbert, Arizona.
The Nunez Self Storage Group represented the seller, Arizona entity 202 Storage, LLC. The buyer was JLL Arizona Self Storage, LLC, also an Arizona entity.
The current asset totals 127,745 NRSF and 757 units. It includes a mix of standard drive-up units, climate-controlled units, covered parking spaces and uncovered parking spaces. The sale included an in-progress expansion of the RV parking, which will add 39 covered spaces and three uncovered spaces. The asset is at 18612 S. Lindsay Road in Gilbert.
“This was an off-market deal where the Nunez Self Storage Group identified the property for a California 1031 Exchange buyer. The owners had not planned to sell. However, this showstopper facility commanded an above-market offer which presented the owners with a unique selling opportunity,” Nunez said.
Envy Self-Storage & RV is located at Lindsay and Germann roads in one of the Valley’s fast-growing municipalities. It features boat and RV storage and is located near major highways in the bustling Southeast Valley.
Property amenities include 24-hour security monitoring, covered loading and unloading, electronic gate access, a fully fenced and well-lit yard, and ground-level units.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.
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