Spokane, WA – Ryan Layton and Greg Meager of American Real Estate Associates, Inc. are pleased to announce the successful sale of Rodeo City Self Storage in Ellensburg, WA. Ryan and Greg represented both the buyer and seller in the transaction.
Cougar Investments, LLC successfully acquired Rodeo City Self Storage, a 189-unit, 18,058 square-foot self-storage facility located in Ellensburg, Washington. The property was purchased from Rodeo City Storage LLC for $3,100,000, reflecting a 6.4% acquisition capitalization rate. The seller also provided financing as part of the transaction.
Ryan Layton and Greg Meager are the Washington Broker Affiliates for Argus Self Storage Advisors and specialize in self storage investment properties. They can be reached at 509-435-2424.
Based in Denver, Colorado, Argus Self Storage Advisors (Argus) was formed in 1994 to assist owners and investors of self-storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self-storage and income property investments. Now the largest self-storage brokerage network in the United States, the Argus network has 36 Broker Affiliates covering nearly 40 markets. These brokers are able to meet the needs of self-storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55-STORE or visit www.argus-selfstorage.com.
