NAI Capital Completes Sale of Three-Property Self Storage Portfolio
Tucson, AZ – September 5, 2013 – (RealEstateRama) — Stephen Grossman with NAI Capital’s Orange County office has completed the sale of Capitol Self Storage, a three-property, 1,113 unit self-storage portfolio located in southern Arizona. The facilities are located at 6750 & 9000 East Tanque Verde Road and 6755 East Golf Links Road in Tucson, AZ. NAI Capital marketed the properties exclusively on behalf of the seller. The properties are all well located assets and comprise over 125,000 net rentable square feet. The total value of the transaction was $7.5 million.
The sellers are from Tucson and have been in the local real estate industry for many years. The properties were purchased by two different national storage REIT’s. The REITS will be upgrading the properties and implementing new management and marketing systems.
Stephen Grossman stated; “The Tucson storage market has greatly improved over the past few years and investors are gravitating to this untapped market.”
About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage BRE #00806840
Contact: Sharon Fitzgerald, Public Relations, 818.742.1655 and
Sharon Fitzgerald
Public Relations Manager
NAI Capital, Inc.
16001 Ventura Blvd., 2nd Floor
Encino, CA 91436
Office: (818) 905 2400 x 155
Direct: (818) 742-1655
Fax 818 905 2425
www.naicapital.com
