Industry News

Minneapolis, MN- Tom Flannigan and Alex Ihrke of KW Commercial Minneapolis, broker affiliates of Argus Self Storage Advisors, listed and sold East River Mini Storage in Coon Rapids, Minnesota. The property sold for $630,000 which represents a cap rate of 5.7%. Flannigan and Ihrke’s marketing efforts were able to procure a buyer who is using… Read more »

Mobile, AL- Argus Self Storage Advisors, Bill Barnhill, CCIM, and Stuart P. LaGroue, Sr., represented the seller of Cahaba Mini Storage located in Birmingham, AL. The facility consists of 11,560 rentable square feet and 82 regular storage units.  In addition to the storage, there are 15 outside boat/RV parking spaces and a small office building… Read more »

Mobile, AL- Argus Self Storage Advisors, Bill Barnhill, CCIM, and Stuart P. LaGroue, Sr., represented the seller of McCalla Mini Storage located in Bessemer, AL. The facility consists of 26,500 rentable square and 189 regular storage units.  In addition to the storage, there are 42 outside boat/RV parking spaces.  The buyer, BCSS Ventures, LLC, purchased… Read more »

Minneapolis, MN- Tom Flannigan and Alex Ihrke of KW Commercial Minneapolis and Argus Self Storage Advisors listed and sold a 2-property portfolio in central Minnesota. MaxiStorage, with two locations in Alexandria, Minnesota, sold for $1,850,000 to a local group of buyers. The two facilities consist of 45,870 rentable square feet and 265 units with land… Read more »

Jacksonville, FL- Josh Koerner and Frost Weaver, of Weaver Realty Group, are pleased to announce the sale of Fanning Springs Storage. Weaver Realty represented the seller in the transaction and the sale closed December 19, 2019. The facility is located in Fanning Springs, FL with proximity to the city of Chiefland, Fl and is part… Read more »

South Hutchinson, KS- JT Easy Storage is a rural market portfolio, with three locations in two different markets.  Argus affiliates Jared Jones, CCIM and Larry Goldman, CCIM teamed up to represent the financial institution in the disposition of the property to a local buyer, new to the self-storage asset class.  The deal profile was value… Read more »

Phoenix, AZ- Jeff Gorden of Eagle Commercial Realty Services has arranged the sale of development acreage in Marana, Arizona. The land sold January 8, 2020. The property spans over four- and three-quarter acres and will be used for expansion of the adjacent RV Storage facility. Eagle Commercial represented the Buyer. Jeff Gorden shared the following… Read more »

Minneapolis, MN – Tom Flannigan and Alex Ihrke of KW Commercial Minneapolis, affiliates of Argus Self Storage Advisors listed and sold Northland Self Storage in Cedar Rapids, Iowa. The property consists of 99 units and approximately 14,424 rentable square feet of storage. The sale closed on December 2nd, 2019. Tom Flannigan and Alex Ihrke are… Read more »

Radnor, PA – Beacon Commercial Real Estate announced the sale of Moose Crossing Self-Storage located in Blakeslee, Pennsylvania. The property sold for $3.955 million. Chuck Shields, a self-storage investment specialist with Beacon Commercial Real Estate and a broker affiliate with Argus Self Storage Sales Network, represented the Sellers, Gearhart Properties LLC. The Buyer was Moose… Read more »

Branchburg, NJ – Linda Cinelli, CCIM of LC Realty is pleased to announce the sale Layton’s Self Storage, located in Belvidere, New Jersey. The sale closed on December 12th, 2019 and LC Realty represented the seller in the transaction. Layton’s Self Storage is family owned and operated and was built in 1980. The property consists… Read more »

Phoenix, AZ – Kyle Topper and Jeff Gorden of Eagle Commercial Realty Services have arranged the purchase of vacant land located at Ironwood Road and Pima Road in San Tan Valley, Arizona. This self-storage development site sold on December 2nd, 2019 for $1,241,460. The planned facility will be three stories and will provide over 100,000… Read more »