182-Unit Self Storage Facility in Downtown Phoenix

This listing presents a well-established, family-owned self-storage facility, Third & Thomas Self Storage LLC, located in the heart of Phoenix, Arizona. The two-story property spans 16,500 square feet with 13,392 square feet of rentable space across 182 units. It boasts a consistent occupancy rate exceeding 90% for many years, with 162 units leased as of April 2025. Situated minutes from downtown Phoenix, the facility serves a dense area of medical, legal, and accounting professionals, as well as the Wheeler District residential neighborhood, ensuring strong and stable demand. The average tenant tenure is over 4.4 years, indicating a loyal customer base. The facility offers a mix of indoor temperature-controlled units and 12 outdoor shipping containers, with unit sizes ranging from 10 to 420 square feet. Recent maintenance includes the replacement of four HVAC units. Gross rental income grew year-over-year from 2021-2023, reaching over $212,000 in 2023, with a Net Operating Income of more than $135,000 in the same year. This turn-key operation is ideal for investors seeking stable cash flow in a high-demand urban corridor.