Wentworth Storage Company Acquires 11.0 Acres in Arizona

Posted by Danielle Lachenauer on Apr 10, 2017 12:00:00 AM

Wentworth Storage Company, LLC purchased 11.08-acres east of the Loop 101 Freeway at 91st Street and Pima Road in North Scottsdale to develop a new ±120,000-square foot self-storage facility, Pima 101. The Arizona-based developer and their development partner, Crow Holdings, purchased the land for $4.35 million from SWVP DC Ranch, LLC. The property address is 17492 N. 91st Street.

“The Pima 101 self-storage project provides us with an opportunity to develop a first class storage facility in North Scottsdale to service the surrounding residential population in DC and McDowell Mountain Ranch, Ironwood Village, Grayhawk and Pinnacle Peak,” according to Dave King, Vice President of Self Storage for WSC. “There is roughly a population of 140,000 within five miles of the site and limited storage options in the area. The site will have visibility from the 101 Freeway which carries approximately 100,000 cars per day.”

Wentworth Storage Company plans to start construction on the two-story, indoor, climate controlled self-storage facility second quarter this year with completion and opening by first quarter 2018. Arizona-based Andrews Design Group, Inc. is the architect for Pima 101.

Wentworth is actively looking for additional self-storage opportunities, including purchasing existing facilities, reuse/conversion properties and ground-up development sites in primary and secondary markets throughout the U.S. The company closed on over $160 million of self-storage projects in the last year and is either under contract or evaluating another 1 million square feet of projects nationwide. Currently, the portfolio is 1.3 million net rentable square feet. For more information about Wentworth’s self-storage business contact Mr. King at 602.875.5056 or dking@wentprop.com

About Wentworth
For over 40 years, the Wentworth name has been a consistent presence in the Arizona commercial real estate market, honoring a tradition of excellence and integrity. Wentworth’s team of seasoned professionals has been involved in over 7 million square feet of development and acquisition transactions under widely varying economic conditions.

Wentworth has ventured into the self-storage business, under the guidance of Vice President of Self Storage, Dave King, and Director of Self Storage, David Brown. Mr. King and his team bring more than 16 years of experience to Wentworth’s storage venture. Their goal is to identify, evaluate, and execute on a variety of self-storage projects including ground-up developments, existing value-add acquisitions, and conversion opportunities. Their focus is in core and secondary markets across the country. For more information visit www.wentworthpropertycompany.com