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 […]
Argus is celebrating its 25th year in business and in that time we have learned a great deal about what makes a successful transaction. An important part of that process is explaining what a real estate broker does and why we get paid to assist our clients in buying and selling self-storage properties. The value […]
Over the last several weeks, top executives from around the self-storage industry have gathered in New York City and Aspen to discuss industry trends, investor sentiment and the overall market outlook for 2019. The consensus was that industry executives remain cautiously optimistic about self-storage performance in 2019, in light of the interesting changes that we […]
The holidays are upon us and cautious optimism is certainlypresent in today’s self-storage investment market. Recent market volatility has pushed the Ten-Year Treasury back down below 3% and lenders, buyers, and owners remain bullish on self-storageassets. This, along with recent operating performance, has breathednew life into the already historically long self-storage run. Read More View […]
Getting to Yes offers a straightforward, universally applicable method for negotiating personal and professional disputes without getting taken and without getting angry. This worldwide bestseller by William Ury provides a concise, step-by-step, proven strategy for coming to mutually acceptable agreements in every sort of conflict. The negotiation tips and techniques can be applied to family situations, […]
There appears to be an incredible amount of commercial construction taking place in many American cities today. With memories of the housing market implosion of the last decade still fresh in many minds, it is natural to wonder if a bubble is developing in the commercial property market. If so, could the financial system be […]
In 2018, the biggest lesson we have learned is that not all markets and self-storage operators are created equal. We have seen new deliveries continue to push down rental rates on a national level, but revenue growth remains positive. New development continues to be highest in markets with strong employment growth which leads to outsized […]