Industry News

Forest Lake, MN – Tom Flannigan, Alex Ihrke, and Corly Wilkerson of KW Commercial Minneapolis, an affiliate of the Argus Self Storage Network represented the seller of A-1 Mini Storage in Forest Lake, Minnesota. The facility consists of 38,450 RSF and sold for $2,700,000 on April 24th, 2019. Located northeast of the Twin Cities Metro,… Read more »

Manhattan, KS – Landmark Self Storage sold on April 18, 2019 to Red Dot Storage of Louisville, Colorado. Red Dot will automate operations with a proprietary kiosk and POS software platform. Red Dot has expanded its presence in Central and Eastern Kansas, with the acquisition of 6 storage facilities in the past 7 months. Larry… Read more »

Siloam Springs, AR – A-AAA Storage sold to 3 B Storage, an experienced owner and operator of self-storage facilities in the region on April 16th 2019. Larry Goldman, CCIM represented the seller in the transaction. Opening in 1979, A-AAA is one of the oldest facilities in the area and has been expanded several times over… Read more »

Commerce, OK – Larry Goldman, CCIM and Jared Jones, CCIM represented National Loan Investors, a well-established buyer of discounted mortgages, based in Oklahoma City in their sale of Freedom Storage. Costa Holdings I, LLC acquired Freedom Storage, located in the Commerce/Miami Oklahoma metro area, from National Loan Investors, L P. Costa Holdings will upgrade this… Read more »

Phoenix, AZ –Jeff Gorden of Eagle Commercial Realty Services has arranged the sale of Cashway Mini Warehouses in Sierra Vista, AZ. The property is a landmark in Arizona and the true gem of Cochise County featuring the iconic “Wheel of Progress.”  The 100% self-storage facility sold March 29, 2019 for $6,850,000. Eagle Commercial represented the… Read more »

Atlanta, GA – Jane H. Sauls, Real Estate Advisor at Commercial Realty Services of West Georgia, represented the seller and assisted the buyer in the sale of Sweetwater Storage, located in Lithia Springs, GA. The 22,000 SF storage facility sold on March 6, 2019. This self-storage facility is located less than 10 miles west of… Read more »

Fort Worth, TX – The Argus Self Storage Team of Chad Snyder and Richard Minker represented the sellers of Big Red Self-Storage in the sale of their Belton, TX facility.  The 108,000 square foot, 761 unit complex was acquired by Iron Guard Storage in an off market marketing effort. The Colliers/Argus team cultivated their client/broker… Read more »

Jim Rueter of Grand Ave. Realty, is pleased to announce the sale of Beale/Yuba College Self Storage. The transaction closed on March 22nd, 2019. The self-storage facility sits on 1.79 acres near Yuba College and Beale Air Force Base in Marysville, CA. The property currently has 49 units with the expansion potential for up to… Read more »

Joseph Mendola of NAI Norwood Group of Bedford, NH., represented the seller and assisted the buyer in the sale of Exit 17 Self Storage. This property is located in the Upper Valley of New Hampshire which is an anomaly market. The area has a high concentration of businesses and a major College. The available land… Read more »

Minneapolis, MN – Tom Flannigan and Alex Ihrke of KW Commercial Minneapolis, an affiliate of the Argus Self Storage Network, marketed and sold Two Harbors Self Storage in Northern Minnesota. The property sold for $1,000,000 on March 15, 2019 to a local operator. Located north of Duluth Minnesota, Two Harbors Self Storage facility consists of… Read more »

Minneapolis, MN – JK Self Storage in Waite Park Minnesota and All Seasons Self Storage in Little Falls Minnesota sold together on March 15th, 2019. The two-property portfolio sold for $2,250,000. The purchase price represents an 8.8% cap rate. The two facilities consist of 62,870 rentable square feet and over 320 units. The properties were… Read more »