Two Property Portfolio – Extra Space (Managed) Phoenix MSA

Property Location

15785 South Desert Foothills Parkway
Phoenix, AZ 85048

16045 North Cave Creek Road
Phoenix, AZ 85022

investment highlights – Ahwatukee

  • HIGH BARRIER TO ENTRY SUBMARKET // Excellent supply/demand ratio of just 3.97 square foot per capita and the only class “A” facility in the three mile trade area.
  • ACCELERATED LEASE UP // 4.54 percent average monthly occupancy gain; achieved stabilized occupancy in less than 20 months of operation.
  • BEST IN CLASS // Premium class “A” multi-story construction and amenities demanding the highest rates in the submarket.
  • EXCELLENT DEMOS // Located in a growing affluent sub-market surrounded by rooftops with average household incomes exceeding $167K.
  • PRIME RETAIL CORRIDOR // Excellent frontage on South Desert Foothills Parkway (14,837 VPD) just blocks away from major retailers including Safeway, Walgreens and McDonald’s to name a few.

investment highlights – Phoenix

  • STRONG LEASING MOMENTUM // Since opening in July of 2020, the property has exceeded leasing projections averaging over 3.4 percent per month.
  • BEST IN CLASS // Premium class “A” multi-story construction and amenities.
  • FAVORABLE DEMOS // 148K population/62K households/$85K average household incomes.
  • EXCELLENT LOCATION // Dense residential infill trade area located on a heavily traveled thoroughfare (Cave Creek Road 20,650 VPD), with major retailers such as Home Depot less than a mile from the facility.
  • HIGH OCCUPANCY TRADE AREA // Stabilized facilities in the three mile trade area average over 95 percent occupancy.

Broker Information

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcusmillichap.com
License: CO EA00147681

Adam Schlosser

Senior Vice President

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

Ryan Sarbinoff

Broker of Record

Phone: 602.687.6700
Email: ryan.sarbinoff@marcusmillichap.com
License: BR675146000

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Contact The LeClaire-Schlosser Group