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AllState Self Storage in Phoenix Sold to Business Property Trust


Allstate Self Storage in Phoenix sold in May for an undisclosed amount. The property, 17401 N. Black Canyon Highway, is on about 3 acres and encompasses 76,435 square feet. It offers 973 storage units and 18 boat/RV-parking spaces. In addition, the facility has a cell tower currently leased with AT&T. The facility has been rebranded Black Canyon Bargain Storage.

The buyer is an entity created by Business Property Trust, a Portland, Ore.-based investment company specializing in small-business industrial properties and self-storage facilities. The seller was an entity created by William Levine of Phoenix.

Bill Alter and Denise Nunez of Rein & Grossoehme Commercial Real Estate negotiated the sale. Rein & Grossoehme specializes in the sale of investment properties and commercial leasing.

Established 35 years ago, AllState Self Storage operates facilities in Arizona, Indiana, Minnesota and Nevada.


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