Sun City RV & Mini Storage in Sun City, Ariz., was recently sold to Sun City Bargain Storage LLC for $5.3 million, or about $70 per square foot. The seller was Sun City Storage LLC. The property was about 70 percent occupied at the time of the purchase, according to the source. The facility will be rebranded Sun City Bargain Storage.
Built in 1986, the property includes 602 drive-up storage units and 288 RV spaces. It’s located at 18900 N. 107th Ave., between West Union Hills Drive and West Sack Drive in Maricopa County.
Bill Alter and Denise Nunez of Rein & Grossoehme Commercial Real Estate represented both parties in the transaction. It is the team’s 126th real estate sale. R&G also recently sold America One Storage in Show Low, Ariz., for $6 million and ABC Self Storage in Chino Valley, Ariz., for $240,000.
Founded in 1993, Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing.