Kyle Topper and Jeff Gorden of Eagle Commercial Realty Services has arranged the purchase of Sunshine Plaza and Mini Storage in Wickenburg, Arizona. The self-storage facility sold November 27, 2019 for $855,000. The property spans over three and one quarter acres and provides 100 spaces of Self-Storage and 7 Retail Spots. Eagle Commercial represented the […]
This time of year, we find ourselves reflecting on the things that we are grateful for and the people who mean the most to us. Here at Argus, we are most thankful for the men and women who work hard every day to serve the needs of our self-storage clients. Our organization is made up […]
As we enter the 4th quarter of 2019, self-storage investors are achieving higher than normal returns and extending the valuation push during this unprecedented real estate cycle. Many investors are finding that real opportunity lies in the arbitrage that a real estate investor can capitalize on between cap rates and interest rates. While the word […]
Jeff Gorden and Kyle Topper of Eagle Commercial Realty Services has arranged the sale of land located at Higley and Thomas in Mesa, Arizona. The land sold September 19, 2019 for $895,412. The property spans over ten acres. Eagle Commercial represented the Buyer. Kyle Topper shared the following about the sale, “Taking on a development […]
Buying or selling a storage facility is a complex task and one that is not in the frequent course of business for the average self-storage owner or for buyers who are new to the self-storage marketplace. The transaction process can often be confusing, competitive and outright frustrating. However, taking the right approach to prepare for […]
Jeff Gorden of Eagle Commercial Realty Services has arranged the sale of Discount RV & Boat Storage in El Mirage, Arizona. The self-storage facility sold September 13, 2019 for $4,375,000. The property spans over eighteen and one half acres and provides 605 spaces of RV and Boat storage. Eagle Commercial represented the Seller. Jeff Gorden […]
Congratulations, America! We’ve gone longer without a recession than at any time since economists began keeping track of such things. The economy has been expanding for 122 months, beating the previous record of 120 months which was set in the 1990s. However, over the last 30 days we have started to see the rock and […]
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 […]