Spokane, WA – Ryan Layton and Greg Meager of American Real Estate Associates, Inc. are pleased to announce the successful sale of 529 Self Storage in Wenatchee, WA.
Apple City Storage LLC purchased 529 Self Storage from CABO Ventures, LLC for $4,900,000. This 53,217 SF 4-story storage facility has 236 storage units, 7 retail bays and 2 vacant floors for future expansion. A 5.83% acquisition cap rate with the seller providing financing. Ryan Layton & Greg Meager AREA represented the seller in 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.
