investment highlights
- PREMIER LOCATION // Constructed in 2024, this Class A self-storage and RV/boat storage facility is located in Marana, a rapidly expanding suburb of Tucson, AZ. The property benefits from strong surrounding growth, including an upcoming regional medical center directly across the street. In addition, approximately 1,400 homes are entitled just across Twin Peaks Road, with an additional 3,400 homes planned at full build-out, while the Tucson Premium Outlets are located less than a half mile away.
- STRONG LEASE-UP // The facility is currently approximately 90 percent leased, with all enclosed RV units fully occupied. Remaining availability is limited to smaller 5×10 and 5×5 units. The property has only been operational since February 2024, reflecting early and robust lease‑up momentum.
- OPERATIONAL UPSIDE // Public Storage serves as the third-party management company and has recently begun implementing ECRI’s. A new owner will have the opportunity to continue to expand this program, providing a clear path to meaningful NOI growth.
- AFFLUENT DEMOGRAPHICS // The three-mile trade area includes a population of 50,722, supported by 20,457 households with an average household income of $115,285.
- LIMITED NEW SUPPLY // At present, there is only one planned self-storage facility within a three-mile radius, reinforcing the property’s strong competitive position.
- EXCLUSIVE CLIMATE CONTROLLED LOADING // The facility is the only self storage property in the market to offer a fully enclosed, drive-thru climate-controlled loading area designed for year round convenience.
property summary
Public Storage (Managed) is a newly constructed, 1,100-unit self-storage facility totaling 158,740 net rentable square feet and situated on approximately 6.68 acres in Tucson, Arizona. Completed in 2024, the property consists of one multistory building and three single-story buildings and offers 1,019 climate-controlled units.
The facility features a strong lineup of institutional-quality amenities, including gated access with a digital keypad, a modern on‑site management office, 24/7 video surveillance throughout the property, concrete driveways, and convenient drive-up units with metal roll-up doors. Additionally, it is the only self-storage facility in the market to offer an enclosed, climate-controlled loading area, providing a unique and highly attractive convenience for tenants.
Located in the northwest Tucson submarket within the town of Marana—one of Southern Arizona’s fastest‑growing communities—the property benefits from immediate access to Interstate 10, providing efficient connectivity to Tucson, Phoenix, and the broader Southwest region. The surrounding area offers a robust mix of retail and services, anchored by the Tucson Premium Outlets with national brands such as Nike, Adidas, and Coach, along with nearby Walmart, Costco, Home Depot, Target, and Fry’s Food & Drug. Major demand drivers include the Amazon Fulfillment Center (HSA1) and the expanding Marana industrial and corporate corridor, with additional support from nearby healthcare facilities, Pima Community College’s Northwest Campus, and ongoing residential growth in master-planned communities such as Gladden Farms and Dove Mountain.
