Minneapolis, MN, May 23, 2019 --(PR.com
)-- JK Self Storage in Waite Park, Minnesota and All Seasons Self Storage in Little Falls, Minnesota sold together on March 15th, 2019. The two-property portfolio sold for $2,250,000. The purchase price represents an 8.8% cap rate. The two facilities consist of 62,870 rentable square feet and over 320 units. The properties were marketed and sold by Tom Flannigan and Corly Wilkerson of KW Commercial Minneapolis.
Tom Flannigan and Corly Wilkerson are the Argus Self Storage Sales Network broker affiliates representing the states of Minnesota, North Dakota and Iowa. They can be reached at 651-269-6307. 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.