X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-A California investor has paid $2 million a self-storage facility in Mesa.C.J. Palmieri purchased the American Self Storage and Mail Center, a 714-unit facility at 6660 E. Main Street in Mesa.

The 83,800-sf facility includes two, two-bedroom manager’s apartments. The property was 50% leased at the time of the sale.

Metropolitan Phoenix has one of the most transient populations for a city its size in the nation. For every three people that move in, another two move out. The Valley’s population grows by more than 80,000 annually, with Mesa the most populous suburb of Phoenix.

The self-storage facility was sold by DW & K Inc. of Phoenix.

The Phoenix office of CB Richard Ellis negotiated the sale on behalf of the seller.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.