Orsett moves into Storage industry with recent acquisition

September 9th, 2013 by admin

ORSETT/Gateway LLC, a company formed by ORSETT Properties Ltd. in Phoenix (Curt Feuer, pres.) paid $1.49 million ($43.18 per foot) to buy the 34,505-square-foot Store It All self storage facility located at 2331 W. Indian School Road in Phoenix. The seller was Store It All Phoenix LLC in Rockville, Md. (Daniel Myers, managing member). The project, which was 70 percent occupied at closing, has 425 units. The buyer acquired the property with a $1.214+ million loan from National Bank of Arizona. Store It All was built in 1978.

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