104 W Phoenix St 10,814 SF 100% Leased Industrial Building Payson, AZ 85541 $2,765,000 CAD ($255.69 CAD/SF) 5.80% Cap Rate

Martinez & Associates, Inc. is pleased to present City Storage, an 82-unit RV and self-storage facility located at 113 W Cedar Ln and 104 W Phoenix St in Payson, Arizona. Situated on approximately 1.43 acres in Gila County, the property offers a mix of 47 self-storage units and 35 RV and parking spaces, with current physical occupancy of roughly 70 percent. City Storage benefits from its strategic position along U.S. Route 60, a major east-west corridor that links the Phoenix metropolitan area with eastern Arizona, providing strong regional connectivity and steady traffic flow.
The facility has recently undergone significant upgrades, including the replacement of the retaining wall between buildings, installation of new utility lines, and the addition of rolling gates prepared for future automation. Perimeter security has also been enhanced with complete fencing constructed of steel and stained wood with a concrete base. These improvements create a secure, modern environment that appeals to both local residents and travelers seeking reliable storage options.
With expansion potential and strong demand for premium RV and self-storage, City Storage is uniquely positioned as a high-quality facility serving an underserved market. Designed to attract affluent customers in need of secure and convenient storage for their RVs and personal assets, the property presents investors with a stable income stream today and long-term upside through continued lease-up and potential site expansion.