Industry News

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 »

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 »