Listed by SVN | Desert Commercial Advisors
$6,000,000
Ocotillo Crossings Self-Storage Land
Details
Property Type Land
Sub Type Commercial
Acreage 15.800
Land | 15.8 acres
Marketing description
Great opportunity for new self-storage development. Join many other recently developed properties adjacent to this piece. The 15.8 acre parcels are currently zoned CB2 allowing self-storage. There are two neighboring Self Storage Lots Available - Can buy together or separately. Lot 1 is permit ready; Lot 2 is in the final stages of being approved for permits. Lot 1 has Air Cooled Storage; Lot 2 has Drive Up Units & RV/Boat Storage
Your prospective renters for this newly developed commercial center will come from both Queen Creek and San Tan Valley, and the corner development site will have access from both Ocotillo and Schnepf Roads with good signage and visibility from both.
The property is situated in North San Tan Valley at the southwest corner of Ocotillo Road and Schnepf Road. Ocotillo Road is a main east/west arterial for this growing trade area with traffic counts of 30,000 cars per day. The site is located two miles east of a recently developed Safeway shopping center at the northwest corner of Ironwood Drive. Ironwood Drive connects north to the extension of Highway 24, connecting San Tan Valley residents to the Loop 202 Freeway, and all areas of Metro Phoenix. The property is located just 11 miles from Phoenix / Mesa Gateway Airport, which currently offers flights to more than 47 destinations by five different airlines, including several flights to Canada. The airport has experienced rapid growth and has continuous year-over-year passenger growth.
San Tan Valley is an incorporated community and part of Pinal County with over 230,000 residents within 10 miles of the site. The towns of Queen Creek, Apache Junction, and Florence border San Tan Valley on the east, north, and south. The area consists of many master-planned residential communities such as Johnson Ranch, Ironwood Crossing, Pecan Creek, Morning Sun Farms, San Tan Heights, Skyline Ranch, Copper Basin, and Circle Cross Ranch.
The trade area has a diverse economy with roots in agriculture and mining, combined with the emerging technologies of aerospace, bio-med, renewable/green technologies, and high-tech manufacturing facilities. There are robust recreational, cultural, and tourism components to the area. All of this lends itself to high-wage job opportunities and a vibrant residential population who enjoy a high quality of life. Pinal County has a pro-business atmosphere developed by the local governments.
Investment highlights
- 2 Self Storage Lots Available - Can buy together or separately
- Lot 1 is permit ready; Lot 2 in the final stages of being approved
- Lot 1 has Air Cooled Storage; Lot 2 has Drive Up Units & RV/Boat Storage
- Burgeoning trade area with high residential growth
- Average household incomes within 5 miles are $78,000
- Housing units have increased 4% every year since 2010
- Population within 10 miles is 232,000
- Annual population growth projected to be 3% per year
- Surrounded by many master-planned residential communities
- Year Built: 1963
Listing Contacts
Listed by SVN | Desert Commercial Advisors
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