Tony Ardizzone of Monolith Group recently sold Storage Zone located at 9363 E Southern Avenue, Mesa, AZ, a storage facility to Extra Space Storage REIT for $8,643,000.00. The project was 90% occupied at time of sale (12/28/2012). It was 103,000 SF on 5 acres.
The Monolith Group is looking to acquire infill land opportunities in the 1.5-5 acre size range for self storage development. They will also consider existing self storage facilities as well as long as they are infill locations with good value-add opportunity.
“This was a good opportunity for us to sell and redeploy the capital into other projects we are working on,” said Mr. Ardizzone. Call Tony to discuss this or other opportunities (480.367.1901).
Monolith Group sells Storage Facility in Mesa, AZ for $8,643,000
Tony Ardizzone of Monolith Group recently sold Storage Zone located at 9363 E Southern Avenue, Mesa, AZ, a storage facility to Extra Space Storage REIT for $8,643,000.00. The project was 90% occupied at time of sale (12/28/2012). It was 103,000 SF on 5 acres.
The Monolith Group is looking to acquire infill land opportunities in the 1.5-5 acre size range for self storage development. They will also consider existing self storage facilities as well as long as they are infill locations with good value-add opportunity.
“This was a good opportunity for us to sell and redeploy the capital into other projects we are working on,” said Mr. Ardizzone. Call Tony to discuss this or other opportunities (480.367.1901).