Call Us: 480.719.3000

18625 N. Tatum Blvd.

The Tatum Storage Facility began construction in May of 2014. The 2.85 acre site was acquired in a state land auction and The Monolith Group fully rezoned the property, as well as obtained a special use permit to develop the property as a self-storage facility.
Area/Market: Scottsdale, Arizona
Square Footage: 89,000
Construction: Block
Project Cost: $4.455 mil
Sale Price: $7.75 mil
Single Year Cash on Cash Return: 67.6%
 

Project Summary

The Tatum Storage Facility began construction in May of 2014. The 2.85 acre site was acquired in a state land auction and The Monolith Group fully rezoned the property, as well as obtained a special use permit to develop the property as a self-storage facility. Upon completion of the project, The Monolith Group and its partners received an unsolicited offer from Sovran (NYSE:SSS) aka Uncle Bobs Self Storage and sold the property for $7,750,000 in May of 2015. The project is a 3 story building composed of 2 stories above grade and a basement. The building is fully air conditioned and was designed to maximize the amount of rentable square footage on a highly irregular triangular piece of land.
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…