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

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.