Shield Storage Portfolio
Flagstaff, AZ
Asking price
Price not disclosed
Units
497
Cap rate
—
Price / unit
—
About this property
Portfolio highlights STRATEGIC FLAGSTAFF LOCATION // Located along key Highway 89 corridors with exposure to over 24,000 vehicles per day, providing excellent visibility and convenient access to residential neighborhoods, businesses, and regional traffic generators. TWO-ASSET FLAGSTAFF PLATFORM // Shield Storage Empire (497 units, built 1994) and Shield Storage Copeland (398 units, built 2003) sit in the same core Flagstaff trade area but offer complementary profiles — Empire brings value-add upside via ~0.49 acres of expansion land, while Copeland is fully built-out and stabilized. A buyer gets 895 units and 113,600 NRSF of scale under one regional management platform, with a blended value-add and stabilized-income risk profile in a single transaction. Significant mark-to-market rent upside // Achieved rents run well below the competitive set at both properties. Bringing just the 0–12 month rent roll up to par with tenants on the books 12+ months (without touching market rate) represents ~$166,700 of combined annualized upside ($82,044 Empire + $84,703 Copeland) against a current combined T3 NOI of $997,070. Portfolio with built-in optionality // Empire offers ~0.49 acres of expansion land for future unit growth, while Copeland is fully built-out and cash-flowing today. Together the portfolio gives a buyer a growth lever at one property and immediate stabilized income at the other, in a single acquisition. Northern arizona economic HUB // Both properties draw from the same seven-mile trade area — 40,961 residents, 16,817 households, $101,913 average household income — anchored by Northern Arizona University, healthcare, tourism, and outdoor recreation. Broker Information Dean Trammell Director Phone: 415.625.2138 Email: dean.trammell@marcusmillichap.com License: CA 02180807 Adam Schlosser Executive Managing Director Phone: 303.328.2044 Email: aschlosser@marcusmillichap.com License: CO FA100050407 Kol Bailey Investment Associate Phone: 602.687.6778 Email: kol.bailey@marcusmillichap.com License: AZ SA 717005000 Ryan Sarbinoff Broker of Record Phone: 602.687.6700 Email: ryan.sarbinoff@marcusmillichap.com License: BR675146000 Download Marketing Package " * " indicates required fields URL This field is for validation purposes and should be left unchanged. First Name * Last Name * Email * Phone * Title Company What is your role in the industry? * Principal Broker Other Confidentiality agreement this confidentiality agreement (“Agreement”) is made and agreed to by and between The LeClaire-Schlosser Group and Marcus & Millichap Real Estate Investment Services of Denver (“Broker”), exclusive listing broker for the Property, and “Buyer” regarding the property known as SHIELD STORAGE - FLAGSTAFF. The obligations of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owners. BUYER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. Much of the information to be provided is non-public, highly confidential and/or proprietary in nature (collectively “Information”) and is being disseminated only to those potential buyers who sign this agreement. THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows: 1. Non-disclosure of Information: Buyer will not disclose, permit the disclosure of, release, disseminate or transfer any of the Information obtained from Broker or Owner to any other person or entity except as permitted herein. If Buyer is a corporation, partnership, limited liability company, investment trust, or other non-natural legal entity, the person(s) signing this Agreement on its behalf will take all appropriate precautions to limit the dissemination of the Information only to those persons within the entity who need to know the Information, and who are specifically aware of the Agreement and agree to be bound by it. 2.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | Price not disclosed |
|---|---|
| Units | 497 |
| Building size | 113,600 sq ft |
| Address | 4951 E Empire Avenue |
| First seen by UnitListed | Sep 9, 2026 |
| Source page last checked | Oct 12, 2026 |
Before you call the broker
9 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
Asking price — not disclosed
What is the asking price, and is it firm or inviting offers?
Everything else is measured against it. A price on request is normal, but it means you cannot screen this against your budget yet.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Physical vs economic occupancy — not disclosed
What is physical occupancy, and what is economic occupancy?
A facility can be 92% full and still be collecting far less, through concessions and delinquency. Physical occupancy alone flatters the deal.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Currency of the asking price — disclosed
Unit mix and rent roll — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 9, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 15, 2026Status changedactive → stale (source absence)
- Sep 9, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
