Houghton Corridor Self Storage in Tucson, AZ, Sold for $2.6M

Houghton Corridor Self Storage in Tucson, Ariz., recently sold for $2.6 million to a Scottsdale, Ariz.-based investor. The seller was a Tucson-based commercial-development company. The property at 7555 S. Houghton Road was branded as National Self Storage and operated by National Self Storage Management Inc., a Tucson-based storage owner and management company.

Built in 2007, the facility includes seven single-story structures providing 65,300 net rentable square feet of storage space in 578 units. One of the buildings has 62 air-conditioned units, and another has 185 units that offer climate control. The property also offers 10 RV-parking spaces. All the units have individual door alarms. The facility also has a large office and a two-bedroom apartment for the onsite manager.

Bill Alter and Denise Nunez of Rein & Grossoehme Commercial Real Estate represented the buyer and seller in the transaction, their 134th self-storage closing. Founded in 1993, Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing.

Founded in 1974, National Self Storage owns and operates 14 self-storage properties in Arizona, California, New Mexico, Nevada, Texas and Utah.

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