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27758539

4750 N Black Cyn Hwy, Phoenix, AZ 85017

RB
CA 00946856
Arena Development Group
Listed by Arena Development Group
$2,100,000
225 days on market
Updated 92 days ago

Black Canyon Self Storage Project

Details
Property Type Self Storage
Sub Type Land
Square Footage 70,322
Net Rentable (SqFt) 55,385
Units 512
Price per SqFt $2,100,000
Broker Co-Op Yes
Year Renovated N/A
Acreage 1.160
Zoning Self Storage
Investment Type Redevelopment
Ground Lease No

Black Canyon Self Storage Project I-17/Camelback Phoenix Prime Freeway Visibility

Marketing description

WILL CONSIDER ALL OFFERS

LAST APPRAISAL CAME IN AT $4,300,000. COME IN AT $1,700,000 AND OWN A 50% INTEREST IN THIS PARCEL AS WELL AS A 2ND PARCEL THAT WILL ALLOW US TO BUILD NEARLY 1000 UNITS AND 100,000 SQ FT.

NOT INTERESTED IN A PARTNERSHIP, THEN BUY THIS FULLY ENTITLED PARCEL WITH BUILDING PLANS THAT ARE APPROVED FOR $2,100,000.

$200,000 Price Reduction! Black Canyon Self Storage is a fully entitled and zoned self storage project that has completed construction drawings ready to build. The site is on Interstate 17 at Camelback in Phoenix adjacent to Grand Canyon University and is visible from both directions on the freeway in one of the traffic corridors in Phoenix.

The Project is 72,700 gross sq ft that was fully approved to build 512 units yielding 53,385 sq ft of net rentable square footage with approved construction drawings.

Additionally, all necessary studies, including a feasibility study, Phase 1 environmental report, and survey, and approved Preliminary Site Plan have been completed.

View the captivating aerial video that shows the visibility to fully appreciate the project’s potential by clicking the link below. From the aerial link below, you will see the (3) prominent office buildings that were taken down and replaced with the clean building site that exists today. The City and neighborhood residents have embraced the neighborhood revitalization of replacing old unsafe vacant office buildings with stylish and secure new buildings that adds both aesthetic and monetary value to the neighborhood.

Please click the link below:

https://www.youtube.com/watch?v=WRhD0s7c0is&sns=em.

Don’t miss the opportunity to own this lucrative investment opportunity.

For further details or to explore this opportunity further, please contact:

Randy Benson

Arena Development Group

Email: [email protected]

Cell: 949-254-3991

Project Address: Black Canyon Self Storage Project 4750, and 4810 and 4820 N. Black Canyon Hwy, Phoenix, Az 85017

Investment highlights

  • Rezoning of both sites has been completed from office to self storage

  • Demolition of the existing (3) office buildings has been completed and the site is clean ready to build

  • Building Plans for Phase 1 have been approved by the City

  • Alta Survey completed

  • Market data for the Valley and the product mix was compiled from several of the largest National brands that are present locally

  • Several Appraisals have been done during various development stages

  • Alley Abandonment completed with updated appraisal for value

  • Site Variances for both parcels completed and extended for the project

  • Site Plan is approved by the City

  • Phase 1 Environmental Study was completed

  • Regarding Phase 2:

  • Site Entitlements have been completed

  • A Site Capacity Plan has been prepared by our Architect to define the size of the building

  • Building Plans for Phase 2 have not been completed

Listing Contacts

RB
CA 00946856
Arena Development Group
Listed by Arena Development Group

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