Industry News

Phoenix, AZ– Jeff Gorden of The Gorden Companies/Keller Williams East Valley has arranged the sale of Scenic Self Storage in Scenic, Arizona. The self-storage facility sold July 13, 2020 for $1,300,000. The property spans just over four acres and provides 246 spaces of self-storage and an additional 116 spaces for RV parking. Jeff Gorden represented… Read more »

Tulsa, OK- Jared Jones, CCIM, the Argus Self Storage Advisor for the state of Oklahoma arranged the sale of South Park Mini Storage, the sale closed July 9th, 2020. South Park Mini Storage is a stabilized 29,857 rentable square foot, storage facility located in Tulsa, OK, a top 60 MSA. South Park Storage was sold… Read more »

Branchburg, NJ- The LC Realty Team, broker affiliates of Argus Self Storage Advisors, are pleased to announce the Sale of Super Self Storage and Bins and Bays Self Storage. The two-property portfolio is located in Sussex County, New Jersey and is situated on a county road. Bins and Bays sits on 3.53 acres and has… Read more »

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 »