Cashway Mini Warehouses
Sierra Vista, AZ
General Description
The property is located in town along Highway 92 which carries around 27,000 cars daily. It has excellent visibility and is known for the Historic Landmark “Wonder Wheel” on site. The property is at maximum operational occupancy and has been for years and years. The current owner has added open RV storage as a place holder for future expansion. The property also has a pro forma NOI over $1 million.
The property has similar drive time from the Tucson International Airport as the high-income communities of Oro Valley, Tucson Foothills and Marana.
The area has a solid employment base and a growing population with demands for self-storage as evidenced by historically high occupancies with an average length of stay of 4.8 years.
Fort Huachuca houses the U.S. Army Intelligence Center of Excellence and the Army's Network Enterprise Technology Command, directly employing over 5,400 active military and civilian personnel and attracting various other technology companies to the area such as Raytheon Missile Systems, General Dynamics Information Technology and Action Tech Services.