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Self-Storage Facility in Gilbert, Ariz., Sells for $4M
Bar 4 Mini Storage, a self-storage facility in Gilbert, Ariz., sold recently for $4 million. The sale price reflected a capitalization rate of 7.81 percent and $68 per square foot. The facility consists of 11 buildings totaling 58,340 square feet on 5 acres. There are 500 storage units, 159 open
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