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Rosewood Property Co. Acquires Tucson Self Storage Facility From Verdad Real Estate For $19M

Property Image
SOLD
$19,000,000
Barbara Guffey
Rick Perdue

Arizona

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Self Storage70,000 SF
Sold 09/28/2023
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Property Image
SOLD

Rosewood Property Co. Acquires Tucson Self Storage Facility From Verdad Real Estate For $19M

2538 North Country Club Road

See Similar Deals
Self Storage70,000 SF
Sold 09/28/2023
Barbara Guffey
Rick Perdue
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Self Storage
Price Per Square Foot:$271
Total Square Footage:70,000 SF
Transaction Type:Sale

Rosewood Property Co, represented by Rick Perdue, has acquired a self-storage facility in Tucson, Arizona from Verdad Real Estate for $19 million. The property is located at 2538 North Country Club Road and spans 70,000 square feet. The sale price equates to approximately $271 per square foot.

Summary of transaction details

  • Property Type: Self Storage
  • Transaction Amount: $19,000,000
  • Address: 2538 North Country Club Road, Tucson, AZ
  • Market: Tucson, AZ
  • Buyer: Rick Perdue - Rosewood Property Co
  • Seller: Matt Zonker - Verdad Real Estate
  • Broker: Barbara Guffey - Blue Horizon Storage
  • SF: 70,000
  • PPSF: $271

The acquisition of the self-storage facility by Rosewood Property Co was facilitated by Barbara Guffey of Blue Horizon Storage. This transaction highlights the continued interest in the Tucson market for self-storage assets, as evidenced by the significant investment made by Rosewood Property Co.

Players

Barbara Guffey
Barbara Guffey
2 deals$32.6M volume
BROKER
Rick Perdue
Rick Perdue
9 deals$175.9M volume
BUYER
VE
Verdad Real Estate
SELLER

Details

SOLD
IMAGE: Rick Perdue, Matt Zonker & Barbara Guffey DATE: 09/28/2023 ADDRESS: 2538 North Country Club Road MARKET: Tucson, AZ ASSET TYPE: Self Storage BUYER: Rick Perdue - Rosewood Property Co SELLER: Matt Zonker - Verdad Real Estate BROKER: Barbara Guffey - Blue Horizon Storage SALE PRICE: $19,000,000 SF: 70,000 ~ PPSF: $271 NOTE: Rosewood Property Co. has acquired a 70,000-square-foot self-storage facility in Tucson, Arizona, from Verdad Real Estate for $19 million.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
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