1700 Curry Self Storage in Tempe, Ariz., sold for $893,750 to an investment company in Portland, Ore.
The property, 1700 E. Curry Road, sits on roughly 3.5 acres. It consists of 159 storage units in six buildings totaling 27,550 square feet. The facility also includes 130 uncovered parking spaces for cars, boats and RVs.
Bill Alter and Denise Nunez of Rein & Grossoehme Commercial Real Estate negotiated the sale for the owner, an individual from Encinitas, Calif. The buyer plans to spend an additional $200,000 to renovate and modernize the facility.
Arizona-based Rein & Grossoehme specializes in the sale of investment properties and commercial leasing.