Hampton, VA, March 16, 2014 --(PR.com
)-- Strategic Storage Trust purchased AAAA Self Storage Big Bethel in Hampton, Virginia, for $6,700,000 on March 5, 2014. The property consists of 71,500 rentable square feet and was opened in 2007. At closing, the property was 92% physically occupied. It had been managed since opening by AAAA Self Storage Management group and will be rebranded as SmartStop Self Storage by the new owners.
The seller was represented in the transaction by Stuart Wade of The Nicholson Companies, a real estate broker with a track record of over $17 million in self-storage transactions in Virginia. Stuart is the Argus Self Storage Sales Network Broker Affiliate for Virginia and Maryland. Argus Brokers are self-storage specialists and are available to assist buyers, sellers or anyone with questions on the self-storage investment market.
Based in Denver, Colorado, the Argus Self Storage Sales Network (ASSSN) was formed in 1994 to assist owners and investors of self-storage with their real estate needs. 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.