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Rosewood Property Co Acquires Self Storage Facility In Tucson, AZ For $13.6M

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SOLD
$13,600,000

Arizona

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Self Storage66,429 SF
Sold 05/26/2023
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SOLD

Rosewood Property Co Acquires Self Storage Facility In Tucson, AZ For $13.6M

770 North Kolb Road Tucson, Arizona 85710, USA

See Similar Deals
Self Storage66,429 SF
Sold 05/26/2023
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Summary

ARIZONA
Asset Type:Self Storage
Price Per Square Foot:$204
Total Square Footage:66,429 SF
Transaction Type:Sale

The self-storage property located at 770 North Kolb Road in Tucson, AZ has been sold in a transaction valued at $13,600,000. The property spans 66,429 square feet, resulting in a price per square foot of $205. The buyer, Rosewood Property Co, acquired the property from the seller, Verdad Real Estate.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $13,600,000
  • Address: 770 North Kolb Road, Tucson, AZ
  • Market: Tucson, AZ
  • Buyer: Rosewood Property Co
  • Seller: Verdad Real Estate
  • Broker: Barbara Guffey - Blue Horizon Storage

Barbara Guffey, representing Blue Horizon Storage, facilitated the transaction between the buyer and seller. The buyer secured a loan amount of $8,800,000 from Prosperity Bank to finance the acquisition.

Players

2 deals$32.6M volume
BROKER

BUYER


Details

SOLD
IMAGE: Barbara Guffey DATE: 05/26/2023 ADDRESS: 770 North Kolb Road MARKET: Tucson, AZ ASSET TYPE: Self Storage BUYER: Rosewood Property Co SELLER: Verdad Real Estate BROKER: Barbara Guffey - Blue Horizon Storage LENDER: Prosperity Bank SALE PRICE: $13,600,000 SF: 66,429 ~ PPSF: $205 LOAN AMOUNT: $8,800,000

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Debt Service Coverage Ratio (DSCR)

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