9809 N Metro Pky W - Sure Thing! Storage - Metrocenter

156,615 SF Specialty Building Offered For Sale in Phoenix, AZ 85051

Investment Highlights

  • Value-add, lease-up opportunity - located in an opportunity zone
  • New third-party management takeover February 2024 – strong leasing velocity since takeover
  • Class A conversion with institutional design and construction
  • Adjacent to former Metrocenter Mall - Metrocenter Mall is getting a $1B makeover that will bring housing, two hotels, new shops,etc.

Executive Summary

Sure Thing! Storage – Metrocenter is a 993 unit, 93,838 rentable square foot self-storage facility. It is situated on the north side of
Phoenix and enjoys a strategic location with easy access to major highways and a large residential population base. The property’s unit
mix includes self-storage, indoor garage parking and wine storage. It’s positioned to capitalize on the broader redevelopment of the
Metrocenter Mall area, a significant project that will transform this part of Phoenix into a vibrant, mixed-use urban hub.
This adjacent redevelopment is not just an advantage – it’s a catalyst. Imagine a facility strategically located at the heart of a burgeoning
urban hub, with direct access to the future light rail station, surrounded by new multi-family residential developments, retail, and office
spaces. This is a facility that, with the right ownership, can tap into the unmet demand that will surge as the Metrocenter redevelopment
progresses.
The timing of this sale is crucial. Acquiring this property now, before the Metrocenter redevelopment fully materializes, positions the
buyer to maximize the future appreciation in value. As the surrounding area transforms, this self-storage facility will transition from a
steady income asset to a key player in a thriving urban center.
Sure Thing! Storage – Metrocenter is solid, the location is prime, and with 93,838 square feet of rentable space, this facility is a sleeping
giant waiting to be awakened.

Attachments

flyer_phoenixaz

Property Facts Under Contract

Sale Type Investment
Property Type Specialty
Property Subtype Self-Storage
Building Class B
Lot Size 1.57 AC
Building Size 156,615 SF
No. Stories 3
Year Built/Renovated 1986/1993
Parking Ratio 0.33/1,000 SF
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes

Amenities

  • Bus Line
  • Property Manager on Site

PROPERTY TAXES

zoning

Zoning Code PUD (Planned UrbanDevelopment)
  • Listing ID: 31781503

  • Date on Market: 2024-05-13

  • Last Updated:

  • Address: 9809 N Metro Pky W, Phoenix, AZ 85051