ALERT on Self-Storage 
"America's Premier Self Storage Brokers"
April 2014
ASSSN Color
1-800-55-STORE
In This Issue
Upcoming Events
New Listings
Property Pick
Industry Insights
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Quick Links
Upcoming Events
  

Florida Self Storage Association

Annual Expo

May 7-9, 2014

Embassy Suites Orlando

Orlando, FL

www.floridassa.org 

 

Arizona Self Storage Association

Annual Trade Show

May 12-14, 2014

Wild Horse Pass Hotel & Casino

Chandler, AZ

www.azselfstorage.org 

 

Kentucky Self Storage Association

Annual Meeting

May 13, 2014

Crowne Plaza

Louisville, KY

www.kyssa.org 

 

Colorado Self Storage Association

Spring Meeting/Tradeshow

May 14, 2014

Inverness Conference Center

Englewood, Co

www.coloradossa.com 

 

Kansas Self Storage Owners Association

Spring Luncheon
May 21, 2014

Deer Creek Golf Club

Overland Park, KS

www.kssoa.org

 

Illinois Self Storage Association

Great Lakes Owners Summit

June 9, 2014

Doubletree Chicago

Chicago, IL

www.ilselfstorage.org

 

 

 

Editor's Note           

Information travels fast these days and there are more ways than ever to stay connected to the things that are important to you!  For those in the self-storage industry who are interested in staying up to date with the latest news, property listings and sales info from Argus, there are a number of ways you can connect!

 

View our profile on LinkedIn Join the Argus Storage Investment Group on LinkedIn to connect and discuss the self-storage investment market with other professionals and industry experts!

 

Follow us on Twitter Follow Argus on Twitter to receive the very latest in property details, upcoming events and industry news!

  
Like us on Facebook Like the Argus Facebook page to get property listing information and helpful Argus articles all right in your News Feed!
  
Visit our blog Check out the Argus blog for interesting self-storage  news from around the country
  
app logo For property information and analysis tools on- the-go, check out the Argus mobile app! Browse listings and contact a broker affiliate from the convenience of your mobile device.

 

 New Listings
  
  • Tucson, AZ:  $1,100,000; 20,840 RSF. Contact Broker Affiliate Jeff Gorden, CCIM at 480-331-8880.
  • Colorado Springs, CO:  $7,200,000; 77,375 RSF. Contact Broker Affiliate Joan Lucas at 720-855-6587.
  • East Point, GA: $1,475,000; 24,000 RSF. Contact Broker Affiliate Mike Patterson, CCIM at 770-241-9070.
  • Canton, OH: $2,500,000; 74,960 RSF. Contact Broker Affiliates Michael Venesky and Alec Pacella, CCIM at 216-455-0886.
  • Chesapeake, VA: $900,000; 6.5 Acre Development Site. Contact Broker Affiliate Stuart Wade at 757-618-3597.

  

For information on all 76 nationwide self storage listings Click Here

 

Property Pick

Williamsburg, VA

$6,490,000

  

  

  • 45,000+/- RSF
  • 6+ Acres
  • Building currently houses the Williamsburg Antique Mall, which operates much like a self-storage facility. Add a description
  • Business opened in 1997 and has been rent stabilized since day one.
  • Great opportunity for an entrepreneur to purchase income-producing real property at a 9.48% Cap on actual earnings
  • Additional 2+ acres for expansion
  • 16% cash on cash annual return
  • To learn more, click here or contact
 

Stuart Wade

The Nicholson Companies

757-618-3597

swade@thenicholsoncompanies.com

Argus News
  
Argus is saddened to announce the passing of company founder and self-storage industry pioneer Michael McCune.  Mike passed away on April 5, 2014 at the age of 68. 

Mike founded the Argus Self Storage Sales Network in 1994 to provide self-storage owners with an organized market for buying and selling properties. Mike felt that self-storage represented a much better investment opportunity for real estate investors than was being perceived by the market, and his goal was to educate investors and self-storage professionals about the opportunity that existed within the industry. 
 

Mike's legacy extends beyond the self-storage industry as he was a tireless volunteer for a number of organizations that provided clean drinking water, education and economic development in underprivileged areas all over the world. He was a man who cared deeply about others and his absence will be felt by countless friends, colleagues and the many lives he touched. 

 

Argus Sales
  
Mike Patterson
Congratulations to Mike Patterson, CCIM of Commercial Realty Services of West Georgia who sold Able Self Storage in Carrollton, GA!  Mike can be reached at 770-241-9070 for details.
  
    
Congratulations to Frost Weaver of Weaver Realty Group who sold Jax Storage Mall I in Jacksonville, FL!   Contact Frost at 904-265-2001 for more information! 


Joe Mendola Congratulations to Joe Mendola of NAI Norwood Group who represented the buyer of Derry Self Storage in Derry, NH!   Contact Joe at 603-668-7000 for more information! 
  
Industry Insights
  

Fitch Rates Sovran Self Storage's $175MM 4.533% Senior Unsecured Term Notes 'BBB-'

MarketWatch

NEW YORK, Apr 11, 2014 (BUSINESS WIRE) -- Fitch Ratings has assigned a 'BBB-' rating to the $175 million 4.533% Series E senior unsecured term ...

 

 

Public Storage to Release First Quarter 2014 Earnings Results and Host Quarterly Conference Call

Wall Street Journal

At December 31, 2013, the Company had interests in 2,200 self-storage facilities located in 38 states with approximately 141 million net rentable ...

 

 

Amended Self-Storage Lien Law Stalls in Alabama Senate

Inside Self-Storage

An amended bill intended to update the self-storage lien law in Alabama appears to have stalled in the senate, effectively ending its chance for ...

 

 

Sovran Self Storage Announces First-Quarter 2014 Dividend, Completes $175M Financing of ...

Inside Self-Storage

Real estate investment trust Sovran Self Storage Inc., which operates the Uncle Bob's Self Storage brand, will pay its shareholders a quarterly ...