Invesco Real Estate & Baranof Holdings Acquire Self Storage In Chandler, Arizona For $12.3M

An self storage property located at 641 E. Warner Road in Chandler, AZ has been sold for $12,300,000. The asset consists of 573 units with an average price per unit of $21,466. The total square footage of the property is 63,840, resulting in a price per square foot of $193.

Summary of transation details

• Property Type: Self Storage
• Transaction Amount: $12,300,000
• Units: 573
• Price per Unit: $21,466
• Total Square Footage: 63,840
• Price per Square Foot: $193
• Market: Chandler, AZ
• Seller: Pegasus Group
• Buyer: Invesco Real Estate & Baranof Holdings

The sale was facilitated by Steve Mellon, Brian Somoza, and Carl Beardsley from JLL Capital Markets, who represented both the buyer and the seller in this transaction.