9809 N Metro Pky W - Sure Thing! Storage - Metrocenter
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9809 N Metro Pky W - Sure Thing! Storage - Metrocenter
156,615 SF Specialty Building Offered For Sale in Phoenix, AZ 85051
Investment Highlights
- Value-add, lease-up opportunity - located in an opportunity zone
- New third-party management takeover February 2024 – strong leasing velocity since takeover
- Class A conversion with institutional design and construction
- Adjacent to former Metrocenter Mall - Metrocenter Mall is getting a $1B makeover that will bring housing, two hotels, new shops,etc.
Executive Summary
Sure Thing! Storage – Metrocenter is a 993 unit, 93,838 rentable square foot self-storage facility. It is situated on the north side of
Phoenix and enjoys a strategic location with easy access to major highways and a large residential population base. The property’s unit
mix includes self-storage, indoor garage parking and wine storage. It’s positioned to capitalize on the broader redevelopment of the
Metrocenter Mall area, a significant project that will transform this part of Phoenix into a vibrant, mixed-use urban hub.
This adjacent redevelopment is not just an advantage – it’s a catalyst. Imagine a facility strategically located at the heart of a burgeoning
urban hub, with direct access to the future light rail station, surrounded by new multi-family residential developments, retail, and office
spaces. This is a facility that, with the right ownership, can tap into the unmet demand that will surge as the Metrocenter redevelopment
progresses.
The timing of this sale is crucial. Acquiring this property now, before the Metrocenter redevelopment fully materializes, positions the
buyer to maximize the future appreciation in value. As the surrounding area transforms, this self-storage facility will transition from a
steady income asset to a key player in a thriving urban center.
Sure Thing! Storage – Metrocenter is solid, the location is prime, and with 93,838 square feet of rentable space, this facility is a sleeping
giant waiting to be awakened.
Phoenix and enjoys a strategic location with easy access to major highways and a large residential population base. The property’s unit
mix includes self-storage, indoor garage parking and wine storage. It’s positioned to capitalize on the broader redevelopment of the
Metrocenter Mall area, a significant project that will transform this part of Phoenix into a vibrant, mixed-use urban hub.
This adjacent redevelopment is not just an advantage – it’s a catalyst. Imagine a facility strategically located at the heart of a burgeoning
urban hub, with direct access to the future light rail station, surrounded by new multi-family residential developments, retail, and office
spaces. This is a facility that, with the right ownership, can tap into the unmet demand that will surge as the Metrocenter redevelopment
progresses.
The timing of this sale is crucial. Acquiring this property now, before the Metrocenter redevelopment fully materializes, positions the
buyer to maximize the future appreciation in value. As the surrounding area transforms, this self-storage facility will transition from a
steady income asset to a key player in a thriving urban center.
Sure Thing! Storage – Metrocenter is solid, the location is prime, and with 93,838 square feet of rentable space, this facility is a sleeping
giant waiting to be awakened.
Property Facts Under Contract
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Specialty | Year Built/Renovated | 1986/1993 |
| Property Subtype | Self-Storage | Parking Ratio | 0.33/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 1.57 AC | Opportunity Zone |
Yes
|
| Building Size | 156,615 SF |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 1.57 AC |
| Building Size | 156,615 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1986/1993 |
| Parking Ratio | 0.33/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
Amenities
- Bus Line
- Property Manager on Site
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PROPERTY TAXES
| Parcel Number | 149-16-413 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,146,313 |
PROPERTY TAXES
Parcel Number
149-16-413
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,146,313
zoning
| Zoning Code | PUD (Planned UrbanDevelopment) |
| PUD (Planned UrbanDevelopment) |
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9809 N Metro Pky W - Sure Thing! Storage - Metrocenter
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