PHOENIX, ARIZ. (Jan. 10, 2022) – The Nunez Self-Storage Group, working in conjunction with West Coast brokerage firm the Reiser Group, represented the seller in the disposition of a 70,243 SF asset in Ukiah, California.
NAI Horizon Managing Director Denise Nunez and Associate Victoria Filice represented the Rutner Family in the sale of Ukiah Self Storage at 2301/2381 S. State St., in Ukiah, California. The California buyer was a 1031 Exchange buyer with several self-storage facilities throughout the Northern California markets.
“This one was a challenging one which in the end all came together. The seller, through its research, found the Nunez Self-Storage Group,” Nunez said. “We were able to present a valuation that was nearly $2 million more than what another self-storage broker had brought to the seller.
“The challenge for the seller was they needed to close before year-end. We started our marketing process and had the deal in escrow for full price within 30 days. The first buyer could not complete the deal and now we had 30 days to find a buyer and close. We had a few 1031 Exchange buyers that we were able to go to quickly and we got it done,” Nunez said.
Built in 1992, Ukiah Self Storage was upgraded in 2004 and 2008 with room for potential expansion. It totals 70,423 NRSF and 627 units.
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.