Denver, CO, September 06, 2014 --(PR.com
)-- Jared Jones, CCIM of Porthaven Partners represented the seller of Admiral Mini Storage in Tulsa, OK. The property consists of 32,800 Rentable Square Feet of storage and enjoys high occupancy in an area with many barriers to entry for self-storage projects. The property sold on August 14, 2104 for $1,100,000 in an off-market transaction. The buyer of the property is new to ownership, but is very experienced in self-storage operation. Jared is the Broker Affiliate representing the Oklahoma market for the Argus Self Storage Sales Network and can be reached at 918-583-3483.
Argus Broker Affiliates Bill Barnhill, CCIM and Stuart LaGroue of Omega Properties, Inc. represented the seller of Mr. P’s Self Storage in Theodore, AL. The 31,050 RSF property sold on August 29, 2014 to an out-of-state investor. Bill and Stuart are based in Mobile, AL and represent Argus in the states of Alabama, Mississippi, Louisiana and the Florida Panhandle. They can be reached at 251-432-1287.
Joan Lucas of Joan Lucas Real Estate Services sold Liberty Self Storage in Grand Junction, CO. The 31,730 SF property sold on August 18, 2014 for $1,350,000. The project is an underperforming asset that is still recovering from the economic downturn and was sold at or below replacement cost with embedded value in the current rent roll. The buyer, a local investor, is planning on giving the necessary management attention to maximize the value of the asset. Joan Lucas is the Argus Broker Affiliate representing Colorado and she can be reached at 720-855-6587 for more information.
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.