PHOENIX, ARIZ. (May 2, 2022) – The Nunez Self-Storage Group represented the seller in the disposition of a self-storage and RV asset in Tucson, Arizona.
NAI Horizon Executive Managing Director Denise Nunez and First Vice President Victoria Filice, CCIM, represented the seller, Vault at Old Vail Road LLC, of Vault Storage & RV, 7475 E. Old Vail Road in Tucson. The buyer was Van West Acquisitions LLC.
“The seller, a group based in Tucson, purchased this facility just 17 months prior. They were able to increase rents and improve operations in a short amount of time to realize a solid return for their investors,” Nunez said. “The buyer paid market value for a stabilized property which has room to grow through rental increases.”
Built in 2010, Vault Storage & RV offers covered and uncovered RV spaces as well as a wide variety of storage units. The asset totals 330 units – 111 drive-up storage units, 128 covered parking spaces, 90 outdoor parking spaces, and one commercial building.
Amenities include security fencing, electronic keypad access and after-hours onsite security guards. It is close in proximity to Rita Ranch, Mesquite Ranch, and Groves Lincoln Park communities.
The Nunez Self-Storage Group closed more than $140 million in transactions in 2021.
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.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit www.naiglobal.com.