For Sale

Highlights:

• The property is currently 96% economically occupied.  Physical occupancy is 89% by units and 91% by NRSF.
• Current asking rents are substantially below market rates.
• Access is limited by a rollback gate that is open Tuesday-Sunday, 9am-5pm.
• The onsite-manager’s residence is currently vacant.
• No tenant insurance plan is offered.

Highlights:

• Stable asset with upside through continued occupancy – approaching an 8% CAP on 90% economic occupancy.
• Larger units. On average, the typical unit exceeds 174 NRSF.
• Significant new housing units coming online with high tech employers nearby.
• Pride-of-ownership facility.
• Cell tower lease offers additional, ancillary income.
• Priced below replacement costs at $86.35 per NRSF.

Highlights:

• 3 properties located with 31 miles of each other.
• Stable asset with upside through continued occupancy and expansion of open areas.
• In-place CAP rate of 6.37% going to 8.53% with a 10% rent raise at 90% economic occupancy.  Currently, the asset is 81.4% economically occupied.
• A large manufactured home and standalone single family home accompany the Biggs property, offering diversification of investment.
• Priced below replacement costs at $80.25 per NRSF.

Highlights:

• Conveniently located near Arrowhead Mall, Old Town Peoria, Glendale Sports & Entertainment District, and Sun City, it serves Peoria and surrounding communities including Glendale and El Mirage.
• Phase 2 was built in 2007 and features climate-controlled units
• Pride-of-ownership facility with state-of-the-art finishes
• RV & boat parking options
• Average unit size exceeds 98 NRSF