Updated Jul 28, 2026
Marcus & Millichap Brokers Sale Of 364-Unit StorQuest Self Storage In Mesa, Arizona
2060 West Southern Avenue
Building Size
39,225 SF
Asset Type
Self Storage
Closing
Jul 27, 2026
About this deal
AI
The transaction involved the sale of a self storage facility comprising 364 units, located at 2060 West Southern Avenue, Mesa, AZ. The asset spans 39,225 square feet and is situated on 2.4 acres of land. The property was built in 1982 and is part of the growing self storage market in the surrounding area.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Address: 2060 West Southern Avenue
- Market: Mesa, AZ
- Size: 39,225 SF
- Units: 364
- Acres: 2.4
- Brokers: Adam Schlosser, Charles LeClaire, Dean Trammell & Kol Bailey
- Brokerage Firm: Marcus & Millichap
- Construction Year: 1982
Marcus & Millichap facilitated the sale through their LeClaire-Schlosser Group, with Adam Schlosser, Charles "Chico" LeClaire, Dean Trammell, and Kol Bailey serving as the representatives for the seller in the transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93