Industry News

Phoenix, AZ –Jeff Gorden of Eagle Commercial Realty Services has arranged the sale of Concho Mini Storage in Concho, Arizona.  The self-storage facility sold January 5, 2018 for $225,000.  The property spans two acres and provides 117 units of self-storage.  Eagle Commercial represented the Seller.  An Arizona-based buyer presented the winning offer. Jeff Gorden shared… Read more »

Joan Lucas, of Joan Lucas Real Estate Services, sold Citadel Self Storage, located at 3979 Bijou St. in Colorado Springs, CO on December 21, 2017 for $3,050,000.  Citadel Self Storage is comprised of 35,000 gross square feet of self storage, two 1,768 square foot duplexes, and 81,000 square feet of ground approved for an immediate… Read more »

Eagle Commercial Realty Services is pleased to announce the sale of American Mini Storage in Sierra Vista, Arizona. The self-storage facility sold December 19, 2017 for $5,450,000. The property spans just over six acres and provides 846 units of self-storage and over 100 spaces for vehicle storage. Jeff Gorden, Vice President, and Kyle Topper, Associate… Read more »

FORT WORTH, TX – Colliers International Self Storage Advisory Services Group, is pleased to announce the sale of Air Control Storage, located at 3614 McCart Ave. and 2912 W. Pafford St. in Fort Worth. This two-property facility houses 532 fully climate controlled spaces with expandable area inside the converted warehouse. Both locations are converted warehouse… Read more »

Jeff Gorden sets a new sale price record with the sale of Eagle Canyon Storage in Phoenix, Arizona. The self-storage facility, formerly known as Camelback Self Storage, sold December 18, 2017 for $17,500,000 which becomes the new high watermark for a single self-storage property in Arizona. The property spans just over four-and-a-half acres and provides… Read more »

Phoenix, AZ –Eagle Commercial Realty Services, AMO is pleased to announce the sale of Bisbee Storage in Bisbee, Arizona. The self-storage facility sold October 18, 2017 for $248,000. The property spans just over an acre and provides 90 units of self and RV & boat storage. Eagle Commercial led an international marketing campaign sourcing numerous… Read more »

Jacksonville, FL – Frost Weaver and Josh Koerner, of Weaver Realty Group, are pleased to announce the sale of a new self-storage development site inside the highly anticipated Ravaudage Complex in Winter Park, FL. The 1.48-acre site sold on October 17, 2017 for $3,550,000. The Ravaudage Complex (Developed by the Sydgan Corporation) is Winter Park’s largest… Read more »

Stuart Wade of The Nicholson Companies and the Argus Self Storage Sales Network are pleased to announce the closing of Freedom Storage in Powell’s Point, NC.  This facility was opened in 2002 and offered just over 175 units.  It traded at a 10.3 cap rate on calendar year 2015’s NOI or just under $23 per rentable square foot. … Read more »

Absolute Storage Management (ASM) entered the St Louis market with the recent purchase of Mr. B’s Storage of Imperial, Missouri. The property was built on six acres in 2002 and contains 50,600 square feet and 325 units. “We are excited to be entering the state of Missouri” said Absolute Storage Management president Michael Haugh, CCIM…. Read more »

The value of a professional self storage broker can’t be overstated.  Having someone working for you who fully understands the nuances of the self storage asset class is essential in helping everyone achieve their goals and assure a smooth transaction. Brokers who are unfamiliar with the self storage property type, specific due diligence processes, and… Read more »