Extra Space Storage
Phoenix, AZ
Executive Summary
CBRE’s Self Storage Advisory Group has been retained as exclusive advisor for the listing of Extra Space Storage - Quail Avenue, Phoenix. This Best-in-Class Facility is two stories above grade with 743 storage units. The self-storage space is distributed across 78,705 net rentable square feet. The RV parking area is 39,256 net rentable square feet of outdoor and covered parking spaces with 78 covered and 9 uncovered parking stalls - excellent product segmentation.
This State-of-the-Art Facility was designed to give customers convenience and ease of use by unique features including:
- An oversized – 2 door double wide, climate-controlled interior loading area. 2 box trucks can fit inside at same time - each with their own door and tenants are out of the sun and heat.
- 30 ground level drive-up storage units with excellent room to load and unload.
- RV Dump Station – RV tenants can use the on-site, owner-provided dump station.
- Oversized Elevators – Cabs are 10 feet high. Most competitors are 8 feet high. Tenants at Quail aren’t cramped to take belongings upstairs.
- 4.5-acre site - spacious drive aisles, comfortable entry and exit at the loading area. Tenants aren’t cramped to park, load or unload.
Extra Space Quail Avenue takes advantage of its location in Phoenix, Arizona - the bustling capital of the state and fifth-largest city in the U.S. Phoenix offers a compelling investment landscape driven by a diverse and resilient economy. Key economic drivers include technology, manufacturing, and healthcare, alongside a thriving aerospace sector. The city is home to Arizona State University’s downtown Phoenix campus, with roughly 20,000 students as well as Grand Canyon University, with about 25,000 on-campus students. Luke Air Force Base is situated 15 miles west in Glendale, where 15,000 personnel and a $2.2 billion annual economic impact added to Phoenix’s economy.
The giant semiconductor campus, TSMC, is a $65 billion semiconductor plant, in its 4th Phase - set to create 40,000+ jobs by 2029 with its high-paying, skilled workforce – 7 miles to the north of Extra Space Quail Avenue. Additionally, the $1 billion Phoenix Biomedical Campus expansion, alongside billions in downtown revitalization projects, positioning Phoenix as a powerhouse for innovation and economic opportunity for the future.
Investment Highlights
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $6.5 billion in consideration and over 45 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
