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Phoenix Self-Storage Heats Up. Here's Why.

Phoenix Self-Storage Heats Up. Here's Why.

As the major food groups grow in Phoenix, so do smaller (but definitely profitable) kinds of real estate. "The Phoenix area self-storage market has strongly rebounded along with residential and commercial activity," SSGT SVP of acquisitions Wayne Johnson tells us. Recently SoCal-based SSGT entered into its first contract to acquire a certificate of occupancy facility, which consists of a ground-up self-storage development in the South Mountain Village area of Phoenix.

Phoenix Self-Storage Heats Up. Here's Why.

"We see this as an opportunity to expand our presence, with additional acquisitions and development in selected submarkets," Wayne adds. The developer, Phoenix-based Glacier Development, plans to build a two-story facility with about 800 units that will break ground in Q3 2015. The 81k SF facility (pictured) will be at 1500 East Baseline Rd and offer 80% climate controlled units, drive-up units and covered RV spaces.