As we close out the first half of 2019, we continue see self-storage asset valuation on the rise. Much to my surprise, self-storage valuations are remaining strong and actually rising in some markets. Valuation of self-storage properties is a professional art, and while mechanical number manipulations are a very important part of the process, there […]
Kyle Topper and Jeff Gorden of Eagle Commercial Realty Services have arranged the purchase of Cochise Self Storage in Sunsites, Arizona. The self-storage facility sold July 10, 2019 for $385,000. The property spans over one and one half acres and provides 136 spaces of Self-Storage and 2 Retail Spots. Eagle Commercial represented the Buyer. Kyle […]
In my role as Financial Analyst here at Argus, one of the most common themes in my conversations with owners is the softening of rental rates due to the increase in new development that we have seen over the last few years. This increase in supply has forced owners and operators to adjust their rental […]
Kyle Topper and Jeff Gorden of Eagle Commercial Realty Services have arranged the purchase of vacant land located at Camelback Road and the loop 101 in Glendale, Arizona. This self storage development site sold on April 30th, 2019 for $1,280,000. The planned facility will be three stories and will provide over 700 units of climate […]
One of the most common questions I get as a broker is “where are cap rates today?” This seemingly simple question is more subjective than many people realize, due to considerations including project age, size, market size, property condition, construction type, and trade area demographics. These characteristics are used to classify a storage facility as […]
Jeff Gorden of Eagle Commercial Realty Services has arranged the sale of Cashway Mini Warehouses in Sierra Vista, AZ. The property is a landmark in Arizona and the true gem of Cochise County featuring the iconic “Wheel of Progress.” The 100% self-storage facility sold March 29, 2019 for $6,850,000. Eagle Commercial represented the Seller. A […]
Jeff Gorden of Eagle Commercial Realty Services has arranged the sale of PremieRVehicle Storage in Marana, Arizona. The self-storage facility sold March 20, 2019 for $6,050,000. The property spans over eight and one half acres and provides 462 spaces of RV and Boat storage. Eagle Commercial represented the Seller. A California based buyer presented the […]
This year, Argus is honored to celebrate our 25th year in business as the nation’s premier self-storage brokerage. We have seen a lot of changes in the self-storage industry over these 25 years, most notably the tremendous expansion with more than 20,000 self-storage properties built, accounting for nearly half of the existing properties in the […]