Industry News

Tulsa, OK- Jared Jones, CCIM, is pleased to announce the sale of Bowman Storage, located in Lawton, OK. Bowman Storage is a stabilized 98,000 rentable square foot storage facility that was sold by the original developer to a local, private Buyer.  The property has significant upside available through increased focus on revenue management strategies and… Read more »

Minneapolis, MN- Matt Hugen, Alex Ihrke, and Tom Flannigan of KW Commercial Minneapolis, broker affiliates of Argus Self Storage Advisors, listed and sold Fargo Space Center in Mapleton, ND. The drive-up facility sold for $725,000 and consists of 56 units totaling 10,500 rentable square feet of self-storage. The facility also offers 14 out door parking… Read more »

Phoenix, AZ– Jeff Gorden of KW Commercial has arranged the sale of nearly five acres of Commercial Land in Glendale, Arizona. The site sold October 19, 2021. The property was entitled for development of a self-storage. Phoenix Commercial Brokers represented the Seller. Jeff Gorden shared the following about the sale, “It was our pleasure to… Read more »

Fort Worth, TX- The Argus Self Storge Team in Fort Worth, Texas, Tyler Trahant and Chad Snyder, represented the owner of the transaction that closed on October 6, 2021. SecurCare Self Storage is a portfolio of two self storage facilities located in the Lufkin and Nacagdoches markets in east Texas. Combined, this portfolio consists of… Read more »

Evansville, IN- Rob Schick and Neal Gussis of Argus Self Storage Advisors, represented the seller and buyer in the sale of All American Self Storage in Evansville, Indiana. The property was sold to a large regional buyer. The transaction took 30 days from contract execution to close. All American Self Storage is a well-established self-storage… Read more »

Jacksonville, FL- Josh Koerner and Frost Weaver, of Weaver Realty Group, are pleased to announce the sale of Secure Boat and RV Development Site, located along 41st Street in Vero Beach FL. Weaver Realty represented the seller in the transaction and the sale closed July 14th, 2021. The property is located on 8.8 acres and… Read more »

Jacksonville, FL- Josh Koerner and Frost Weaver, of Weaver Realty Group, are pleased to announce the sale of a two-property self-storage portfolio to Merit Hill Capital, LP.  Founded in 2016, Merit Hill is headquartered in Brooklyn, New York, and is currently the 9th largest self-storage facility owner in the U.S. with properties located in 33… Read more »

Minneapolis, MN- Tom Flannigan, Alex Ihrke and Matt Haugen of KW Commercial Minneapolis represented the seller and procured the buyer for the sale of Summit Secure Storage in Isanti, Minnesota. The facility sold for $2,250,000 and consists of 199 units and 33,190 rentable square feet of drive up self storage. Tom, Alex and Matt are… Read more »

Bruce Bahrmasel is pleased to announce the sale of Northway Storage located in Merrill, Wisconsin. The facility offers over 27,000 rentable square feet of storage and sits on over 24 acres of land. Northway Storage had multiple offers early on after coming to market. The successful bidder made a strong full price cash offer that… Read more »

Minneapolis, MN- Tom Flannigan, Alex Ihrke and Matt Haugen of KW Commercial Minneapolis represented the seller and procured the buyer for the sale of Storage Lounge in Mankato, Minnesota. The multi-level facility sold for $8,100,000 and consists of 759 units. There is a total of 75,734 rentable square feet of climate controlled self storage and… Read more »

Las Vegas, NV– Jeff Gorden of The Gorden Company has arranged the sale of land for storage development in Las Vegas, Nevada. The parcel sold August 24, 2021 and the land development is projected to span just over 20 acres. Jeff Gorden represented the Buyer. Jeff Gorden shared the following about the sale, “The Buyer… Read more »

Carrollton, GA – Sauls Storage Group is pleased to announce the sale of AA Augusta located in Augusta, Georgia. The sale closed August 6, 2021. The self-storage valuation boom is still going strong as properties, large and small, attract investors both near and far. This standalone facility consisted of only 10,075 RSF of self-storage and… Read more »