Rein & Grossoehme Commercial Real Estate Announce Exclusive Self Storage Listing

Phoenix, AZ, May 11, 2010 --(PR.com)-- Bill Alter and Denise Nunez, The Arizona Self Storage Specialist Team were awarded the exclusive listing for a two-property portfolio of self storage facilities in Tucson, Ariz. The portfolio is offered at $2,360,000, which is an actual cap rate of 9.1% based on current economic occupancy rates. Both properties are in great locations and feature high traffic counts with total square footage of 78,419.

Alter states, “We are seeing market changes in terms of self storage property movement.” “While financing is still a little hard to come by, cash buyers in the market are taking a serious look at the self storage asset class in terms of buying opportunities.”

Bill Alter has 25 years of experience in commercial real estate and specializes in the acquisition and disposition of self storage investment properties. He currently serves as an executive board member of the Arizona Self Storage Association (AZSA). Denise Nunez has 18 years experience in the self storage industry and is immediate past vice president of AZSA.

Rein & Grossoehme Commercial Real Estate, LLC., specializes in the sale of shopping centers, office and industrial buildings, self storage, single tenant triple net leased properties and commercial land. R&G also markets shopping centers, office buildings and industrial buildings for lease and represents tenants in site selection. For more information, call (602) 697-8868 or (602) 315-0771.

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