A 2.38-acre parcel of land in Ahwatukee was sold for $1.8 million for the construction of a self-storage facility at Desert Foothills Parkway and Marketplace Way, according to NAI Horizon, which worked on the deal.
NAI Horizon Senior Vice President Denise Nunez represented the land seller, Scottsdale-based 1784 Capital Holdings LLC in the deal. Scottsdale-based Moncap LLC purchased the land, and was represented by Matt Rinzler of Insight Land Investments.
“This parcel of land had been vacant for 32 years,” Nunez said. “A hidden gem, it will serve well as a community self-storage project that will benefit from the expansion of the 202 just south and the extension of Chandler Boulevard to the west of this location.”
In September, the Ahwatukee Foothills Village Planning Committee voted in favor to recommend a city planning commission to approve a 104,000-square-foot, self-storage facility on the land parcel. The facility will include three floors, with one of them below ground.