Tucson, AZ
$2,825,000
Thornydale Storage is located on the corner of two well trafficked roadways in Tucson, Arizona. This site is strategically placed within geographic concentrations of high-income households adjacent to the Omni Tucson National Golf Resort. Expect high recurring brand exposure to recurring commuters and visitors to Mountain View High School, Arthur Pack Regional Park, and Crooked Tree Golf Course. The property is approved for development of a Class A multi-story self-storage. All that remains are approvals for civil and building permits which can run concurrently and are estimated to take about 90-180 days. Design and approvals have been handled by best-in-class industry leaders.
The Tucson MSA has been identified by Yardi® (and others as an underserved and underdeveloped market for self storage. Direct competitors are at full capacity and what little new supply that exists is leasing at an accelerated pace, indicating that new premium product would enjoy substantial pricing power. The next owner will enjoy the fruits of this developer’s labor. An irreplaceable site, nearby access to a growing and relevant customer community.
