Phoenix, AZ | The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Extra Space Storage (Managed), a 984-unit self-storage facility in Phoenix, Arizona.
Adam Schlosser, Executive Managing Director, Jordan Farrer, Managing Director Investments, and Charles “Chico” LeClaire, Executive Managing Director, represented the seller in the transaction. Ryan Sarbinoff, Senior Managing Director, served as broker of record in Arizona. “This is one of the highest-performing self-storage assets in the entire Phoenix MSA, and the sale reflects that,” said Adam Schlosser, Executive Managing Director. “Built in 2021 and 100 percent climate-controlled, the facility has driven 13 percent revenue growth through 2026 while maintaining occupancy near 92 percent — and it sits in one of Phoenix’s most affluent submarkets, where average household incomes top $137,000 within a mile. That combination of trophy-quality construction, in-place performance and rate upside drew significant investor demand.”
“This is one of the highest-performing self-storage assets in the entire Phoenix MSA, and the sale reflects that. Built in 2021 and 100 percent climate-controlled, the facility has driven 13 percent revenue growth through 2026 while maintaining occupancy near 92 percent — and it sits in one of Phoenix’s most affluent submarkets, where average household incomes top $137,000 within a mile. That combination of trophy-quality construction, in-place performance and rate upside drew significant investor demand.”
Built in 2021 on 1.92 acres, the property is a single, two-story structure comprising 984 units and 87,393 net rentable square feet, located at 6316 North 7th Street in Phoenix. The facility is 100 percent climate-controlled and includes gated access with digital keypad entry, a drive-in loading area, multiple elevators, an on-site management office, 24/7 video surveillance, and an interior concrete drive aisle with roll-up doors.
The LeClaire-Schlosser Group of Marcus & Millichap specializes in the sale of self-storage properties nationwide. For more information on this transaction or other self-storage investment opportunities, contact the LeClaire-Schlosser Group.
