813-452-5285
6129 N 59th Ave, Glendale, AZ for Sale
Self-Storage Facilities - FOR SALE
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6129 N 59th Ave
Glendale, AZ 85301
Westside


HIGHLIGHTS

  • Opportunity to own a 30,000 NRSF facility in a densely populated urban market with 200,000+ residents within 3 miles and 545,000+ within 5 miles
  • Favorable supply metrics with only 6.24 NRSF per capita in the 3-mile and 8 NRSF per capita in the 5-mile trade area
  • Excellent visibility with 25,000 VPD directly on the property’s street and 95,000 total VPD on surrounding road
  • Strong value-add potential with the ability to increase rents by up to 40% to align with competing facilities
  • Strong value-add potential with the ability to increase rents by up to 40% to align with competing facilities

OVERVIEW

Store Here Self-Storage, located at 6129 North 59th Avenue, Glendale, AZ, presents a strategic opportunity to acquire a well-positioned self-storage facility in a thriving market. The property spans 29,508 net rentable square feet (NRSF) across 303 self-storage units. Built in 1984, the facility is currently operating at 70% physical occupancy and 86% economic occupancy, with significant potential for growth. The surrounding 5-mile radius includes over 545,059 residents, and the storage supply in the area is 8.09 SF per capita, indicating strong demand coupled with limited competition. The facility benefits from its position near major traffic corridors, including North 59th Avenue (24,900 vehicles per day) and Bethany Home Road (22,500 vehicles per day), ensuring high visibility and access for potential customers. The market conditions in Glendale, characterized by a steady population growth rate and an undersupplied trade area with minimal self-storage competition, create an attractive environment for long-term investment. With limited new storage development in the pipeline, this facility stands out as a highly attractive acquisition. This property represents a rare opportunity to acquire a value-add facility in a major national MSA. With minimal near-term capital expenditures required, Store Here Self Storage offers significant upside potential for investors looking to capitalize on its existing operational efficiencies and growing regional demand.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Store Here Glendale

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

M-1, Glendale

APN/PARCEL ID

146-11-010

ASK ABOUT THIS PROPERTY

Garrett BackJDS Real Estate Services, Inc.More Info
813-452-5285

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Garrett BackJDS Real Estate Services, Inc.More Info
813-452-5285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.