Prole, IA – A local self storage operator has acquired Prole Mini Storage, a 60-unit, 9,700 square foot drive-up self storage facility in Prole, Iowa, located roughly 20 minutes south of Des Moines in Warren County.
The buyer, a local operator expanding his storage holdings for himself and his family, was drawn to the facility’s strong in-place occupancy, low-maintenance operational profile, and position in the growing trade area south of the Des Moines metro.
The transaction was brokered by Nathan Gottlieb, Tom Flannigan, and Alex Ihrke of Area Storage Advisors, affiliates of Argus Self Storage Advisors, who represented the seller in the sale and procured the buyer.
“You can see the demand building south of Des Moines in how this facility performs, staying well occupied without any advertising,” said Gottlieb, who represented the Seller. “As the surrounding area continues to grow, we expect that demand to keep climbing, and the buyer is well positioned to benefit as he expands his operations.”
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.
