Bill Alter, of Rein & Grossoehme Commercial Real Estate, negotiated the sale of two Lock-it-Lockers self-storage properties in Arizona for a combined price of $3.5 million. The Tempe property has 441 units; the Phoenix property has 439 units. Both were sold by a Phoenix developer to an out-of-state self-storage operator.
Rein & Grossoehme specializes in the sale of investment properties and commercial leasing. These sales represent Alter’s 101st and 102nd successful self-storage closings in his 24 years as a specialist in this property type.