PHOENIX, ARIZONA (February 10, 2020) – NAI Horizon Senior Vice President Denise Nunez collaborated with Senior Vice President Nathan Farha, a commercial specialist with NAI Martens, in negotiating the $8.175 million sale of a three-property self-storage portfolio in Wichita, Kansas.
Nunez and Farha represented the seller, Leon J. and Susan L. Moeder of Wichita, Kansas. The buyer was Wichita Self Storage Group LLC.
The portfolio includes STOR-ALL Amidon, 43,930 SF, 330 units; STOR-ALL Pawnee, 67,520 SF, 365 units; and STOR-ALL Hydraulic, 11,450 SF, 85 units.
“NAI Horizon launched a national marketing effort which drew numerous qualified buyers for this three-property portfolio,” Nunez said. “While the deal was complicated
by unforeseen issues, all parties worked together to ensure a successful closing.”
The facilities are strategically located approximately 3 miles from each other. The portfolio comprises 780 units and 122,900 net rentable SF. Each facility is located in markets with excellent demand characteristics for self-storage. The three facilities were formerly family-owned and operated.
Nunez specializes in self-storage, offering localized expertise in Arizona and national representation working with NAI offices throughout the U.S.