Industry News

Carrollton, GA – Jane H. Sauls, CCIM and Luke Sauls of Sauls Storage Group LLC, arranged the sale of Bi-City Mini Storage in Fortson, GA which closed June 24, 2020. Bi-City Mini Storage is now operating as Fortson Affordable Storage. The facility was under contract prior to COVID-19 and the closing date was extended, but… Read more »

Denver, CO- Joan Lucas, of Joan Lucas Real Estate Services, arranged the sale of U-Stor-All in Denver, Colorado. The sale closed June 2020. This was a very unique opportunity to acquire a well-established self-storage project in the city of Denver. The project consists of 56,15 SF of self-storage with 323 units, as well as 34,400… Read more »

Phoenix, AZ– Jeff Gorden of The Gorden Companies/Keller Williams East Valley has arranged the sale of Access Self Storage in Camp Verde, Arizona. The self-storage facility sold May 6, 2020 for $1,275,000. The property spans just under two acres and provides 240 spaces of self-storage. Jeff Gorden represented the Seller. Jeff Gorden shared the following… Read more »

Denver, CO- Joan Lucas, of Joan Lucas Real Estate Services, arranged the sale of Stor-Safe Self Storage in Loveland, Colorado. The sale closed May 2020. The facility sits on 2.7 acres and offers 48,975 square feet of rentable storage. Stor-Safe was opened in October 2018 and as of January 2020 had leased 35% of its… Read more »

Carrollton, GA – During this unprecedented economic season, General Storage in Northeast Valdosta, a 48,000 rentable square feet storage facility, sold April 8, 2020 at a cap rate of 5.6% based on prior year income and expenses.  This South Georgia value-add facility was attractive to the out of state buyer as economic occupancy was 54%… Read more »

Minneapolis, MN- Tom Flannigan and Alex Ihrke of KW Commercial Minneapolis, broker affiliates of Argus Self Storage Advisors, listed and sold Wright Storage, a 19,420 square foot facility located in a northern suburb of Cedar Rapids, Iowa. Wright Storage sits on 1.178 acres and offers 90 total units. The property sold to a regional operator… Read more »

Mobile, AL- Argus Self Storage Advisors, Bill Barnhill, CCIM, and Stuart P. LaGroue, Sr., represented the seller of Storage Solutions of Terry located in Terry, MS.  The property sold on March 19, 2020, to Terry Storage LLC, for $1,500,000.  The facility consists of 45,550 rentable square feet with 283 regular self-storage units.  In addition to… Read more »

Bedford, NH- Joseph Mendola, Senior Real Estate Advisor at NAI Norwood Group, sold an 8-acre development site in Northampton, MA for $595,000 on March 27, 2020. This site will be the first state-of-the-art climate-controlled facility in the city and is located near the Easthampton Town line where new development of retail and housing are currently… Read more »

Jacksonville, FL – Josh Koerner and Frost Weaver, of Weaver Realty Group, are pleased to announce the sale of OG Storage Plus, located in Ormond Beach, FL. Weaver Realty represented the seller in the transaction and the sale closed January 15, 2020. OG Storage Plus consists of 12 Office/Warehouse units with 42 Storage Units, totaling… Read more »

West Memphis, AR- Larry Goldman, CCIM of RE/MAX Commercial sold the Storage Depot in West Memphis, AR on February 19, 2020. The sale closed for $8,875,000. The Storage Depot is a traditional and climate-controlled self-storage facility which is the market leader in both rental growth and occupancy rates. The buyer, AKA Partners, LLC, based in… Read more »

Jacksonville, FL- Josh Koerner and Frost Weaver, of Weaver Realty Group, are pleased to announce the sale of Kips Mini Storage, located in Chiefland, FL. Weaver Realty represented the seller in the transaction and the sale closed March 2nd, 2020. Kips Mini Storage is a 4.4-acre facility consisting of 229 Units over two locations and… Read more »