Call Us: 480.719.3000

9363 E. Southern Ave.

The Southern Ave Storage Facility began construction in November of 2006 and was completed just prior to the most recent real estate crash. The Monolith Group professionally managed this property under “Storage Zone” and was able to fully lease up the facility during the downfall.
Client: Storage Zone
Area/Market: Phoenix, Arizona
Square Footage: 103,000
Construction: Block
Project Cost: $4.457 mil
Sale Price: $8.643 mil
Single Year Cash on Cash Return: 20.2%
 

Project Summary

The Southern Ave Storage Facility began construction in November of 2006 and was completed just prior to the most recent real estate crash. The Monolith Group professionally managed this property under “Storage Zone” and was able to fully lease up the facility during the downfall. The property was sold at a 6 CAP to Extra Space Storage in 2012 for $8,643,000. The property retained very strong cash flow and reached a 20% cash on cash return in its final year before being sold. “This is the best example of recession resistance that we can provide.”
Projects
11645 W Belleview Ave, Littleton, CO

BY: admin

The Belleview Extra Space Storage is a 68,000 square foot, two story climate controlled building…

9363 E. Southern Ave.

BY: admin

The Southern Ave Storage Facility began construction in November of 2006 and was completed just…

18625 N. Tatum Blvd.

BY: admin

The Tatum Storage Facility began construction in May of 2014. The 2.85 acre site was acquired in a…

765 E Baseline Rd.

BY: admin

The Baseline Storage Facility began construction in first quarter of 2015 and is located on a 3…

448 N. Greenfield Rd.

BY: admin

The Greenfield Storage Facility began construction in November of 2015 and is located on a 2.5 acre…

Contact Info

Address:
15849 N. 71st Street
Suite #235
Scottsdale, AZ 85254

Telephone: 480.719.3000
Email: info@zzoneconstruction.com

Recent Projects
#
The Belleview Extra Space Storage is a 68,000 square foot, two story climate controlled building with a basement that offers…
#
The Southern Ave Storage Facility began construction in November of 2006 and was completed just prior to the most recent real…
News & Blog Posts
#
ZZone Construction launches new mobile friendly website to showcase…
#
Developer Tony Ardizzone, through his Scottsdale, AZ-based company The…