Denver, CO, November 03, 2011 --(PR.com
)-- Joan Lucas, of Joan Lucas Real Estate Services, LLC represented the seller of Federal Heights Self Storage in Federal Heights, CO, just outside of Denver. The property sold on October 18, 2011 to a local investor. Lucas was asked by the seller to price the property so it would sell in six months, and the strategy was successful as the final contract price of $1,020,000 was well above the listed price. The property consists of 44,000 SF plus a 1,600 SF manager’s residence and sold at a 7.8% cap rate. Lucas is the Argus Self Storage Sales Network broker affiliate representative for the state of Colorado.
Argus Broker Affiliates Richard Minker, CCIM and Tyler Trahant of CASE Commercial Real Estate Partners represented the seller of A Plus Western Center Self Storage in Fort Worth, TX. This 28,685 RSF facility sold on October 26, 2011 for an undisclosed price. The property also included an additional 1.5 acres of undeveloped land on the front of the property. Minker and Trahant are the Argus Self Storage Sales Network broker affiliates for North Texas.
Chris Hitler, of Investment Real Estate Specialists represented both the seller and the buyer of Bellevue Self Storage in Bellevue, WI. The property sold on October 27, 2011 at an 8.4% cap rate. The 51,450 SF property was completed in 2004 and offers conventional storage and office/warehouse space. The buyers, Suamico Mini Warehousing, LLC, operate two other facilities in the area. Hitler is the Argus Self Storage Sales Network broker affiliate representative for the state of Wisconsin.
Based in Denver, Colorado, the Argus Self Storage Sales Network (ASSSN) was formed in 1994 to assist owners and investors of self storage. Through the years, Argus has assembled a network of real estate brokers experienced in self storage and income property investments. Now the largest self storage brokerage network in the United States, the ASSSN has 36 Broker Affiliates covering nearly 40 markets. These brokers are able to meet the needs of self storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55-STORE or visit www.argus-selfstorage.com.