Glendale, AZ – The Gorden Group announces the successful sale of Desert Gardens Mini Storage, a high-quality self-storage asset located in the heart of Glendale, Arizona. The transaction was led by Darsh Desai, Commercial Advisor, and Jeff Gorden, CCIM, President of The Gorden Group, who generated multiple offers through a competitive marketing process and ultimately achieved top-dollar pricing for the seller.
Desert Gardens Mini Storage offered a compelling combination of location, asset quality, and future upside within the Phoenix metropolitan area. The climate-controlled facility was approximately 75% occupied at the time of marketing and professionally managed, providing the incoming owner with an established operating foundation and additional opportunity through continued lease-up and revenue optimization. The property also offered potential for future expansion, including opportunities to add additional buildings or further maximize the existing site.
Located in Glendale near Luke Air Force Base, Desert Gardens benefits from a well-established West Valley location surrounded by residential growth, employment, and major transportation and economic drivers. Its position within the Phoenix MSA, combined with climate-controlled storage and opportunities to increase occupancy and income, helped generate interest from a range of qualified self-storage investors and operators.
The transaction also represented an important transition for the seller. Desert Gardens had remained under single ownership, making the property a legacy asset rather than simply another investment sale. When the time came to bring the facility to market, the owner entrusted The Gorden Group with positioning the property, creating competition among buyers, and maximizing the value built over years of ownership.
Transaction Highlights
- Top-Dollar Sale: Competitive marketing and buyer demand resulted in strong pricing for the seller.
- Multiple Offers: The Gorden Group generated multiple offers from qualified self-storage buyers.
- Legacy Asset: The sale marked the transition of a long-held, single-owner self-storage property.
- High-Quality Glendale Asset: Climate-controlled storage in an established Phoenix MSA location.
- Near Luke Air Force Base: Strategically positioned near one of the West Valley’s major employment and economic anchors.
- Value-Add Potential: Approximately 75% occupancy at marketing provided additional lease-up and revenue-growth opportunities.
- Expansion Opportunity: The site offered potential to increase rentable square footage through future development.
- Trusted Execution: The seller selected The Gorden Group to protect the value of a legacy asset and manage the sale from marketing through closing.
“There is a different level of responsibility when an owner entrusts us with a property they have held and built over many years,” said Jeff Gorden, CCIM, President of The Gorden Group. “Desert Gardens was a high-quality asset in a strong Glendale location, and our job was to make sure the market recognized that value. The multiple offers and final pricing reflected the quality of the property, and we’re grateful the seller trusted our team to get the job done.”
Darsh Desai, Commercial Advisor at The Gorden Group, added, “Desert Gardens had a lot of the fundamentals storage buyers are looking for—Phoenix MSA location, climate-controlled product, proximity to Luke Air Force Base, existing cash flow, and additional upside. Creating competition around those fundamentals allowed us to deliver a strong result while helping the owner successfully transition a legacy asset.”
Jeff Gorden, CCIM and Darsh Desai are the Arizona, Nevada and Utah Broker Affiliates for Argus Self Storage Advisors and specialize in Self Storage investment properties. Jeff can be reached at 480-331-8880 and Darsh can be reached at 701-405-3665. Based in Denver, Colorado, Argus Self Storage Advisors (Argus) was formed in 1994 to assist owners and investors of self-storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self-storage and income property investments. Now the largest self-storage brokerage network in the United States, the Argus network has 36 Broker Affiliates covering nearly 40 markets. These brokers are able to meet the needs of self-storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55-STORE or visit www.argus-selfstorage.com
