5005 Texas Street, Suite 105 San Diego, Ca. 92108 Tel: 619.220.6700 Fax: 619.220.6708 |
For Immediate Release
December 21, 2007
San Diego, CA- Equity Based Services, Inc. (“EBS”), a private real estate investment and management firm, and Pilot Equity Partners, LLC, a Private Equity Fund announced today that they have acquired The Storage Place at 7020 North Camino Martin in Marana, AZ.
The Storage Place is approximately 7/10 of a mile east of Interstate 10 and 19 miles northwest of Tucson International Airport and 11 miles northwest of downtown Tucson. The Storage Place is made up of 510 storage units. The units consist of 273 climate-controlled, 185 non-climate controlled and 52 outdoor RV parking spaces. The parking area has been approved for an additional 18,500 square feet of storage.
There are plans for minor capital improvements, repositioning of management, and eventual expansion to greatly increase the value of this property.
“We have funds to place, and couldn’t be happier that we are finding quality investments like The Storage Place that promise to be strong performers for our investors”, Troy Downing, General Partner and Manager. “We have great momentum, and we keep finding great deals through our diligent acquisition process.”
Currently, EBS owns and operates 10 Self Storage properties in Arizona including the Phoenix and Tucson areas. These projects include:
Central Self Storage |
9404 North 19th Avenue, Phoenix, AZ |
Dec 7, 2007 |
All American Self Storage |
1403 W. Baseline Road, Tempe, AZ |
Jul 14, 2005 |
Bar 4 |
1001 North Gilbert Road, Gilbert, AZ |
April 11, 2003 |
Central Self Storage |
4029 E. Golden Acres Road, Sierra Vista, AZ |
Dec 23, 2003 |
Dysart |
15821 N. Dysart Road, Surprise, AZ |
May 10, 2004 |
EZ Store Mini Storage |
10515 N. 98th Avenue, Peoria, AZ |
August 19, 2005 |
Gilbert Self Storage |
405 North Gilbert Road, Gilbert, AZ |
Sepr 30, 2005 |
Golden Acres Expansion |
4029 E. Golden Acres Road, Sierra Vista, CA |
July 28, 2004 |
Arizona Storage Center |
18211 West McDowell Road, Goodyear, AZ |
May 17, 2006 |
About Equity Based Services, INC.
EBS is a private real estate company specializing in the opportunistic acquisition and management of self-storage commercial property. EBS currently owns and operates 45 Self-Storage properties in 9 states worth more than $150,000,000.00. EBS also manages a family of equity funds for institutional and high net worth individual investors. EBS funds invest in both stabilized income producing commercial property and value added, opportunistic commercial real estate. The EBS Income Fund, the EBS Income and Growth Fund II, and the Pilot Equity Value Added Fund all closed in 2007 and represent more than $16,000,000.00 in capital contributions. All portfolio properties are aggressively managed by All American Property Management, Inc., an EBS company, to maximize returns to Investors. For more information, contact Katie Raden at 619-220-6700.
