Marcus & Millichap Brokers Sale Of 984-Unit Self Storage Facility In Phoenix For Strong Investor Demand
6316 North 7th Street
Units
984
Asset Type
Self Storage
Closing
Aug 7, 2026
AI
A 984-unit self storage facility, Extra Space Storage, was sold at 6316 North 7th Street in Phoenix, AZ. The climate-controlled asset, built in 2021, demonstrated strong financial performance with a 13% revenue growth through 2026, while maintaining an occupancy rate of approximately 92%.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 6316 North 7th Street
- Market: Phoenix, AZ
- Units: 984
- Brokers: Adam Schlosser, Jordan Farrer, Charles LeClaire & Ryan Sarbinoff - Marcus & Millichap
The LeClaire-Schlosser Group represented the seller in the transaction. The property’s location within Phoenix's affluent North Central-Uptown submarket was highlighted as a significant factor driving buyer interest.
Players
Saint Maries Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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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