9809 Metro PkwyPhoenix, AZ 85051

Property Details for 9809 Metro Pkwy

Year built

1973

Construction

STEEL FRAME

Lot size

1.57 AC

Property size (Sq ft)

158,275 SF

Zone code

PUD

Property type

Warehouses

Property subtype

Self storage facilities

APN

149-16-413

APU

14916413

Description

This exceptional Class A self-storage facility in Phoenix, Arizona, boasts 993 units totaling 75,464 rentable square feet. Built in 1986 and renovated in 2021, this institutional-quality property offers a compelling value-add opportunity, situated in an Opportunity Zone. Currently at 55.7% occupancy, the facility benefits from a new third-party management company (February 2024 takeover) that has already shown strong leasing velocity. The property features a diverse unit mix including self-storage, indoor garage parking, and wine storage. Its prime location at 9809 N Metro Pkwy W, Phoenix, AZ 85051, provides easy access to major highways and serves a substantial residential population (5-mile population: 447,741; 5-mile AHHI: $73,484). The property's adjacency to the undergoing $1 billion redevelopment of the former Metrocenter Mall, which will include housing, hotels, shops, and a park, further enhances its long-term potential. This investment presents a unique chance to capitalize on Phoenix's robust economic growth and dynamic real estate market. The property's strong fundamentals, coupled with the ongoing lease-up potential, make it an attractive investment for those seeking significant returns in a thriving metropolitan area. The North Phoenix submarket's diverse economy, encompassing healthcare, technology, finance, and manufacturing, ensures continued demand for storage solutions.

• Alternative Use

  Use

  Valuation

  Residential

  $29,582,234

  Hospitality

  $27,097,166

  Educational

  $22,544,524

  Medical

  $23,319,866

  Retail

  $35,069,260

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.575

Longitude

-112.123

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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