OKLAHOMA CITY, OK – Jared Jones, CCIM of Jones Investment Real Estate, LLC, the Oklahoma affiliate for Argus Self Storage Advisors, is pleased to announce the successful sale of Extra Space Storage (Third-Party Managed). The institutional-grade asset, located in Oklahoma City, Oklahoma, was sold from a private Seller to a private Buyer.
The 68,560 rentable square foot, modern, three-story climate-controlled self-storage facility is exceptionally well-located within a top 50 MSA. Situated just minutes from downtown Oklahoma City, the infill property offers convenient access to major transportation corridors including I-40, I-35, and I-235, as well as close proximity to robust multi-family developments and prominent residential districts. The property attracted strong investor interest due to its premium market positioning, remarkable macroeconomic fundamentals and strong lease up performance.
Jared Jones, CCIM, of Jones Investment Real Estate, represented the seller in the transaction.
“The ability to acquire well positioned, REIT-managed assets within high-growth infill corridors are a rarity in this market,” said Jared Jones, CCIM. “The buyer recognized the unique combination of exceptional location, strong regional population growth, and the immediate operational runway presented by this modern facility. Even within a normalized interest rate environment, well-located storage assets continue to command a premium and remain a shining star for real estate investors.”
This transaction further underscores Argus Self Storage Advisors and Jones Investment Real Estate, LLC’s continued focus on the successful disposition of self-storage assets and delivering strong outcomes for its clients.
Jared Jones, CCIM, specializes in self-storage brokerage and investment property transactions, with a career volume exceeding $800 million since 2012. As the Oklahoma affiliate for Argus Self Storage Advisors, Jones Investment Real Estate leverages a national network of 40 broker affiliates that has completed over $7 billion in self-storage transaction history nationwide since 1994. 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.
