PHOENIX, October 28, 2019 – Cushman & Wakefield completed the sale of West Thunderbird Mini Storage, located at 12500 W. Thunderbird Road in El Mirage, Ariz., for $4.1 million. Phoenix-based WPC W. Thunderbird Storage, LLC purchased the property from Phoenix-based Quesnell Property Management, LLC.
Paul Boyle and Rick Danis of Cushman & Wakefield represented both the buyer and seller in the transaction. Boyle stated, “The property is in excellent condition and well-maintained, with a 94% occupancy. With rent opportunity upside, it was an appealing investment to investors.”
West Thunderbird Mini Storage is a 45,230-square-foot storage facility, spread out across nearly 400 storage units. Built in 2002, the property features onsite management, drive-up access, air controlled units, perimeter fencing and gate entry, surveillance cameras and RV, car and boat parking.
|About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.