ARGUS ISSUE VI 08 - Self Storage Owner Resources

8 8 8- 7 - M I N K E R
$1,825,000
Well built facility in a growing area! Fronts
both State Hwy 30 and FM 1791. Management
office and large apartment. U-Haul truck rental
onsite. Room for expansion.
MARK KEYS
210-366-8817
RYAN LAYTON
509-435-2424
ELLENSBURG, WA
JEFFERSON & FORT ATKINSON, WI
$695,000
18,000 RSF
76 Units
Built: 2000
$950,000
W
NE
ELLENSBURG, WA
2 Acres
100% Occ.
15,709 RSF
90 Units
Expansion: YES
Built: 1975
362 Units Expansion: NO
5.5 Acres
Built: 1987/2000
This facility is 100% occupied! It is a low maintenance facility with room for expansion. There
is an on-site kiosk for easy rental. Upside in
rental rates. Can be sold along with University
Storage in Ellensburg, WA.
This facility has great visibility and has easy
access off of Highway 175. It is very easily
accessed and is convenient for renters from
Dallas, Mesquite, Balch Springs and Crandall.
RICHARD D. MINKER & T YLER TRAHANT
W
NE
NE
W
509-435-2424
W
NE
SEAGOVILLE, T X
8 8 8 - 7 - M IN K E R
RYAN LAYTON
W
NE
$1,015,000
This facility is 99% occupied! It has 95 storage
units and it is located along a primary commercial corridor. It is a low maintenance facility and
there is a rental kiosk on-site. Can be sold
along with Canyon Storage in Ellensburg, WA.
W
NE
W
NE RSF
54,910
W
NE
806-797-3231
RICHARD D. MINKER & TYLER TRAHANT
$700,000
10,223 RSF 27,779 SF Built: 1985
95 Units 99% Occ.
Expansion: NO
2.89 Acres
Expansion: YES
888-7-MINKER
57,420 RSF
368 Units
Both assets present excellent upside
potential and possible land redevelopment opportunities. Good locations!
JOHN OWENS & BARRY COMISKEY
W
NE
RYAN LAYTON
DISCLAIMER
509-435-2424
2993 S. Peoria Street
Suite 105
Aurora, CO 80014
t
Infla sue VI
Is
ENGLEWOOD, CO
PERMIT NO. 670
Brand New! Has a 600 SF office with bathroom. Only storage facility in the area. Brand
new 1000+ housing development just 1 mile
from the site.
GRADY RIGGS
PRINCETON, TX
SELF STORAGE SALES NETWORK
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U.S. POSTAGE
PAID
3 Acres
Built: 2007/2008
301-468-0606
806-797-3231
$902,500
UNDER CONTRACT!
This facility is located in the 9th fastest growing county
in the US. There is outdoor vehicle storage and there
is great visibility and high traffic count. Family owned
for nearly a decade.
$1,300,000
43,830 RSF
204 Units
888-7-MINKER
JOHN OWENS & BARRY COMISKEY
LUBBOCK, TX
22,390 RSF 171 Units Expansion: YES
2.19 Acres
91% Occ. Built: 1986
RICHARD G. ARNOLD
RICHARD D. MINKER/TYLER TRAHANT
This facility contains four non-climate self storage buildings comprised of 10 X 10 and 10 X 20
units. There are also five office warehouse
buildings. Warehouses have long-term lease
potential.
2-PROPERTY PORTFOLIO
SPOKANE, WA
Located in a growth area, halfway
between Sequim and Port Angeles, WA
W
NE
$2,300,000
Many of you have seen the
latest reports on increasing
inflation in today’s economy.
Inflation is the scourge of
savers, diminishing the value of
nest eggs and retirement
accounts. Among other things,
inflation is the result of a
“cheap money” policy (very
low interest rates) through the
political inducement of major
investment banks to keep those
rates low so their extreme
leverage will be inexpensive and they can magnify their profits.
Whatever the causes of inflation, the results are devastating for
most Americans, as it is difficult to find a way to protect oneself
against inflation’s ravages.
This is a two property portfolio with facilities located
PETER HITLER / CHRIS HITLER
262-236-0612
$225,000
P E M B IN E , W I
10,960 RSF 2.6 Acres Built: 1990/1998
58 Units
100% Occ.
Expansion: YES
Two locations consisting of two buildings
each. Excellent visibility from US 141.
Well maintained facilities with 3 people
on the waiting list.
PETER HITLER & CHRIS HITLER
262-236-0612
Argus Self Storage Sales Network (Argus) is not the listing agent for this property. Offers to buy or sell this property can only be made through the listing agent identified herein. Argus is a marketing consultant and provides certain marketing assistance to
the listing broker. Argus is not a party to the listing agreement or any other agreement relating to the property.
NORTHEAS T
Guy Blake, CCIM
Linda Cinelli, CCIM, CEA
Joseph Mendola
Chuck Shields
Contact an Argus Broker Affiliate
COMPANY
PHONE
TERRITORY
Pyramid Brokerage Company
LC Realty
NAI Norwood Group
Beacon Commercial Real Estate
845-338-5000
908-722-5661
603-668-7000
610-862-1645
Upstate NY, Western CT
Northern NJ, NY (NYC, Long Island)
MA, ME, NH, VT, Eastern CT
Eastern PA, Southern NJ, DE
Bill Barnhill, CCIM
Dale C. Eisenman, CCIM
Grady Riggs, GRI
Stephen Rigl
Frost Weaver
Omega Properties, Inc.
Midcoast Properties, Inc.
Long & Foster Realtors, Inc.
Orion Commercial Ltd. Corp.
Weaver Realty Group, Inc.
888-801-4534
843-342-7650
301-468-0606
305-278-8400
904-733-0039
FL Panhandle
GA, NC, SC
DC, MD, VA
South & West FL
North Central FL
Bruce Bahrmasel
Robert K. Brehmer, CCIM
Larry Goldman, CCIM
Peter Hitler/Chris Hitler, MBA
David S. Johnson/Sheldon Johnson, CCIM
Pat Jordan, CCIM
Bob Randklev
Dave Smith, CCIM
Landstar Realty Group
NAI Daus
RE/MAX Best Associates
Investment Real Estate Specialists
Johnson Group, Inc.
Jordan Realty, Inc.
Skogman Commercial Real Estate Group
RE/MAX Commercial Midwest
312-518-3550
216-831-3310
913-339-0641
262-236-0612
314-862-3000
612-827-3844
319-533-6927
402-614-9660
Northern IL & Northern IN
OH
KS, Central & Western MO
WI
Eastern MO & Southern IL
MN, SD
IA
NE
Bill Barnhill, CCIM
Barry Comiskey, CCIM / John Owens
Mark D. Keys
Michael L. McCune / Ben Vestal
Richard D. Minker, CCIM / Tyler Trahant
Mike Procter
Jack Stumpf / Jon Cerruti
Kevin Verhoven, CCIM
Omega Properties, Inc.
Westar Commercial Realty
Cornerstone Realty
McCune Vestal Brokers
Richard D. Minker Co.
JR Fulton & Associates
Jack Stumpf & Associates
The Gibson Company
888-801-4534
806-797-3231
210-366-8817
800-557-8673
888-7-MINKER
405-503-9055
504-366-6800
859-224-8833
AL, MS, Eastern TN
West TX
Central & East TX
OK
North TX
AR
LA
KY
Richard Arnold, CCIM
Larry Hayes
David R. Laney
Ryan Layton
Joan Lucas
Glen Quintos, CCIM
Randy Ross, CCIM
Argus Northwest Realty
Hayes & Associates
RealStar Commercial Real Estate, LLC
American Real Estate Associates
Joan Lucas Real Estate Services, LLC
Olson Realty
Coldwell Banker Commercial NRT
503-693-2861
406-728-0088
505-286-2060
509-435-2424
720-855-6587
707-246-6020
801-947-8300
OR, WA (Vancouver only)
ID, MT
NM
WA
CO
CA Bay Area and Central Coast
UT
SOUTHEAS T
NORTH CENTRAL
SOUTH CENTRAL
WES T
Issue VI-2008
by Michael L. McCune
in Jefferson, WI and Fort Atkinson, WI.
The information contained herein has been obtained from third parties and Argus cannot guarantee the accuracy or completeness of the information. Argus makes no representations or warranties as to the accuracy of the information presented herein. The information is subject to errors and omissions. It is the obligation of the parties of potential transactions to perform such due diligence as is deemed necessary to determine the accuracy and completeness of the information herein.
“America’s Premier Self Storage Brokers”
SELF STORAGE SALES NETWORK
Inflation: Friend or Foe?
55,000 Total RSF Built: 2000/1995
134/150 Units 90%/100% Occ.
1.85/1.62 Acres
W
NE
Excellent upside potential! U-Haul truck
rental business established in 2007.
Increasing occupancy. Great investment
opportunity!
$1,600,000
an investor.
!
W
NE
271 Units
1.966 Acres
Expansion: YES
503-693-2861
KING GEORGE, VA
Located in the Texarkana market with 163 units.
Built in 2000 and expanded in 2004 this facility
has a full-time manager and is well constructed
with all concrete drives, computer controlled
gates and a security monitoring system.
LUBBOCK, TX
36,400 RSF
Built: 1992
888-7-MINKER
W
NE
$1,900,000
This is an excellent property for an owner/operator or
RICHARD D. MINKER/TYLER TRAHANT
1.6 Acres
163 Units
22,928 RSF Built: 1997 173 Units
2.01 Acres
Expansion: NO
Along with 242 self storage units, this facility offers 8 warehouses and 37,026 RSF of
warehouse space. Each unit is individually
alarmed and the 10 X 10s and 10 X 15s are
climate control.
NASH, TX
22,500 RSF
Built: 2000
$1,100,000
SEQUIM, WA
NE
W
40,590 RSF
Built: 2004/2007 93% Occ.
221 Units 4.5+/- Acres Expansion: YES
38,700 RSF 13.52 Acres Built: 2004
242 Units
Expansion: YES
$675,000
HUNTSVILLE, TX
$2,200,000
NE
W
RICHARD D. MINKER/T YLER TRAHANT
TERRELL, TX
NE
W
210-366-8817
31,120 RSF 2.0855 Acres Built: 1972
Expansion: NO
203 Units
Priced well below replacement cost.
Below market occupancy with upside
potential. High visibility and traffic with
highway frontage. RV/Boat storage.
W
NE
W
NE
MARK KEYS
NE
W
This facility is in an excellent location just 20 miles
from downtown Houston in the high-growth Jersey
Village/Cypress-Fairbanks area. Low vacancy and
room for expansion.
W
NE
NE
W
243 Units
95% Occ.
$750,000
M ES Q U IT E, T X
W
NE
48,935 RSF Built: 2000
5.71+/- Acres
W
NE
STON, TX
WHOU$2,587,000
E
N
We are proud to welcome our newest Broker Affiliates to the Argus Self Storage Sales Network!
Robert K. Brehmer, CCIM is the managing principal of NAI Daus in
Cleveland, OH and has been engaged in the marketing and development
of commercial and industrial real estate since 1982. Bob has earned the
CCIM designation which uniquely qualifies him to perform complex
financial analysis to aide in decision making. Bob will represent Argus
in the state of Ohio and can be reached at 216-831-3310.
Kevin Verhoven, CCIM of The Gibson Company is a native of Lexington, KY and
a 1992 graduate of the University of Kentucky. His knowledge of the area, attention to
detail, and commitment to his clients make Kevin a valuable asset to the Argus Self
Storage Sales Network. Kevin’s areas of expertise include commercial leasing and
sales, property management and self storage. He will represent Argus in Kentucky
and can be reached at 859-224-8833.
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Congratulations to Richard Minker and Tyler Trahant of
the Richard D. Minker, Co. on the sale of a self storage
property in Carrollton, TX!
But wait a minute; is self storage inflation-proof? Maybe we are
in good stead in our modest corner of the real estate world. Let’s
spend a few minutes exploring the virtues of self storage
investments as a hedge against inflation and analyze the positives
and negatives in order to see how self storage stacks up against
other real estate investments.
The general way to protect your investments from inflation is to
have your revenues increase along with the inflation rate and to
have your expenses remain stable. At first glance, it might seem
that this would be an unachievable task. However, self storage
facilities can raise the rent on a monthly basis and we know from
experience that small rental increases do not cause a mass exodus
of tenants. Therefore, small regular increases can certainly help
keep up revenues with inflation.
Controlling expenses is another matter, but self storage starts off
with a great advantage over many other real estate types because
the gross margins (say 65%) are better, with expenses equaling
only roughly one third of the revenue. As a result, self storage
profits are higher and there are fewer expenses per dollar of
revenue. When you look at the nature of self storage expenses,
you’ll find additional advantages. First, energy use is well below
the average of most businesses, which has been a high inflation
producer in recent years. Secondly, the typically largest self
storage expense, real estate tax, only has a very rough correlation
to inflation and thus may not automatically adjust to inflation. In
fact, with declining real estate values, you might even see your
relative share of the taxes go down. Thirdly, self storage labor is
usually not as highly paid as many of the workers under union
contracts and in highly skilled professions that are closely linked
to inflation. While it is hard to precisely quantify these
distinctions, they are real and will tend to mitigate the impact of
inflation on the self storage investment.
After looking at the “cash flow” aspects of inflation, self storage
owners should feel that they are better off than most businesses
when it comes to mitigating the impact of inflation. Simply
stated, value in self storage facilities is created by discounting the
Net Operating Income (NOI) at the prevailing market cap rate. If
an owner can keep the revenues up and control the expenses, they
will have protection on the NOI part of the equation, but inflation
generally causes the cap rates to increase, which in turn discounts
the value. While this is not a good thing from a value standpoint,
it is also true that cap rates fluctuate dramatically over a period of
years. Thus, if you have kept up with inflation and have some
flexibility as to when you sell your property, you can preserve the
value by waiting for a low cap rate period. But the real advantage
is that the loan amount you have to pay back was fixed on the day
you took the loan out, so you get all of the “benefits” of the value
created by inflation in the income!
What about other real estate as inflation hedges? The results are
less dramatic because office buildings, industrial and retail often
have long term leases that inadequately compensate for inflation.
A little inflation that is not compensated for in the lease over a 10
or 15 year period will compound into a healthy diminution in the
value of the cash flow and of the inflation-adjusted property. For
example, a 5% increase in inflation that is uncompensated for in
the lease for 10 years will decrease the value of the cash flow and
capital value by 40%. Hotel revenues would seem to be protected
from inflation, but their relatively high expense ratio tends to
defeat a lot of the benefit of being able to set the rent every night.
All in all, self storage, while not perfect at stopping inflation’s
ravages, is certainly a lot better than other types of real estate and
certainly better than bonds. Because it isn’t my expertise, I will let
you decide on the relative effectiveness of the stock market in
beating inflation, but the record hasn’t been great in the last ten
years. We always make this inflation protection argument when we
talk to buyers and we find it is very effective in helping them
choose a self storage investment.
Michael L. McCune, President of the Argus Self Storage Sales
Network, can be reached at 800-55-STORE or mccune@argusrealestate.com.
area with high visibility. Very low vacancy.
843-342-7650
843-342-7650
MBUS, GA
WCOL U$925,000
E
N 24,624 RSF
209 Units
1.58+/- Acres
Expansion: NO
Asking price at or below replacement cost! Sturdy concrete block buildings. On-site apartment and rental office.
Significant upside potential!
DALE C . EIS ENMAN
Midcoast Proper ties, Inc
843-342-7650
$1,200,000
HIAWASSEE, GA
843-342-7650
DALE C. EISENMAN
Midcoast Properties, Inc
16,400 RSF
135 Units
4.0+/- Acres
Expansion: YES
This facility opened in 2003 and was expanded in
2008. There is an additional 3,240 SF of covered parking. Climate and non-climate units with a large rental
office and the possibility of an on-site apartment.
DALE C. EISENMAN
Midcoast Properties, Inc
843-342-7650
EW $675,000
N19,960
RSF
WARN ER ROBINS, GA
1.2+/- Acres
192 Units
Expansion: NO
This facility is located just outside the gate of Robins AFB.
Asking price at or below replacement cost. Significant
upside potential!
DALE C . EIS ENMAN
Midcoast Proper ties, Inc
843-342-7650
303 Units
17 Acres
Expansion: YES
Total of 17 acres spread over 4 locations with
more than 55,000 SF of rentable space. Excellent
potential to expand the existing boat and RV storage and add’l land allows for development.
BRUCE BAHRMASEL
ANTIOCH, IL
MICHIGAN CITY, IN
NE
W
BRUCE BAHRMASEL
312-518-3550
25,820 RSF
224 Units
7 Acres
Expansion: YES
Expansion land for commercial or self
storage. There is a lot of frontage on
Route 83. 25,820 RSF plus 105 spaces
for boat and RV storage.
312-518-3550
$1,399,000
39,530 RSF
Expansion: YES
3 Acres
302 Units
87% Occ.
Great visibility and access with nearly 500 ft. of
frontage on US Hwy 20. Secure facility with climate controlled units and expansion potential!
BRUCE BAHRMASEL
312-518-3550
BRUCE BAHRMASEL
312-518-3550
CHICAGO, IL
$3,600,000
ROACHDALE, IN
28,000+ RSF
Located in a densely populated neighborhood. Tremendous upside with an
extra lot for parking and/or truck rental
business. Several cell tower leases in
place.
$299,000
$3,600,000
O Z ARK , MO
UP TON , MA
42,650 RSF 281 Units/114 Containers
4.5 Acres
Built: 2001-2004
Listing price reflects $3,025,000 for the self-storage
facility and $575,000 for the portable storage dealership. The portable storage dealership serves
Suffolk, Norfolk and Plymouth counties in MA and
operates out of the Upton Self-Storage facility.
J O E M E N DO L A
$465,000
17,184 RSF
Built: 2000
109 Units
Expansion: YES
8 Acres
New facility with room to expand! Located on
Missouri Highway 14 in one of the fastest
growing cities in the state. Highly visible location next to a new fire station.
LARRY GOLDMAN
603-668-7000
913-339-0641
$2,300,000
PLATTE CITY, MO
BALTIMORE, MD
103,200 RSF
High profile warehouse property ideal for self
storage conversion. Excellent location in the
center of Baltimore.
GRADY RIGGS
301-468-0606
$950,000
$1,950,000
43,900 RSF 4.19 Acres
316 Units
Expansion: YES Built: 1982 95% Occ.
Located in a dynamic Kansas City suburb just
10 minutes from the airport. The facility is
fenced and gated with a manager’s office and
apartment on site. Room to expand.
LARRY GOLDMAN
913-339-0641
$1,500,000
ST. CHARLES, MO
Built: 1988
85 Units
11,800 RSF
Expansion: NO 30,775 SF 100% Occ.
This facility has been family owned for 19
years! It is located in a stable neighborhood
on a busy street in St. Paul, MN.
5,700 RSF Built: 2004 Expansion: YES
150 RV Units
85% Occ.
6.54 Acres
This is a fenced RV/Boat storage lot facility located in St.
Charles near Elm & Highway 370 Interchange. There is
ground to expand on and add self storage buildings.
PAT JORDAN
D. SHELDON JOHNSON
312-518-3550
BRUCE BAHRMASEL
312-518-3550
612-827-3844
314-862-3000
KANKAKEE, IL
KANSAS CIT Y, KS
AURORA, MO
New facility with mostly climate controlled
units.
27 security cameras, fenced and
gated. Built to serve the demand driven by
the nearby NASCAR Kansas Speedway and
Village West development project.
2.05 Acres
11,650 RSF
70 Units
Expansion: YES
Built: 2003
Built in 2003 with room to expand. Fenced
and gated with excellent exposure on
Missouri Highway 39. Significant upside
potential!
BRUCE BAHRMASEL
Development Site
4.25 Acres
$2,000,000
Located on heavily trafficked Court
Street. Very close to Interstate 57 interchange. 30,000 SF building on property.
BRUCE BAHRMASEL
312-518-3550
MATTOON , I L
18,150 RSF
Built: 2007
3.25 Acres
119 Units
$659,000
N e w f a c i l i t y w i t h e x p a n s i o n a p p ro v e d
for 4 additional buildings of 29,587
g ro s s S F.
DAVID S. JOHNSON
I l l i no i s B r o k e r
314-862-3000
27,875 RSF
1.66 Acres
Built: 2007
277 Units
Expansion: NO
$2,300,000
LARRY GOLDMAN
913-339-0641
W
62,160
NE RSF
$4,500,000
ALEXANDRIA, LA
558 units
86.4% Occ.
3.57 Acres Built: 1996 Expansion: YES
Owner keeps property in pristine condition!
85 units were recently added because of the
high demand for storage. There is 20,000
SF available for expansion.
JACK STUMPF
504-366-6800
Missouri Broker
$210,000
LARRY GOLDMAN
913-339-0641
$1,990,000
BELTON, MO
46,150 RSF 3.04 Acres
Expansion: NO Built: 1999
254 Units
94% Occ.
$750,000
ST. JOSEPH, MO
24,975 RSF 5.75 Acres
Built: 2001
132 Units
Expansion: YES
The property is being offered on a six acre site
that could allow future expansion. Traffic
exposure is good, with approximately 9,000
cars passing by daily.
LARRY GOLDMAN
913-339-0641
$2,040,000
ST. JOSEPH, MO
EXPANSION: NO
344 Units
This facility is easily accessible and has great
visibility as it fronts Hwy 603. There are a
total of 344 units with 137 being climate control. Facility rents U-Haul trucks and trailers.
NE
W
603-668-7000
913-339-0641
ST. PAUL, MN
5,000 RSF + 960 SF rental home 39 units
2 +/- Acres Built: 1996 Expansion: YES
The property consists of two 2,500 SF storage buildings and two single family rental
houses all sitting on approx. two acres of
land.
LARRY GOLDMAN
K I L N, M S
BILL BARNHILL / STUART L aGROU E
251-432-1287
BELGRADE, MT
W $750,000
E
N
13,000 RSF
1.857 Acres
85% Occ. 109 Units
Expansion: YES
This is a seasoned storage facility with a
separate house and shop. There are five
storage buildings plus outside storage.
LARRY HAYES
406-728-0088
W
53,298
NE RSF
$2,395,000
CHARLOTTE, NC
460 units
2.61 Acres
This is a unique facility with multiple sized
units. There are climate and non-climate
units. It is in close proximity to Monroe Rd. &
Hwy 74.
DALE C. EISENMAN
Midcoast Properties, Inc
843-342-7650
$650,000
W
NE
O XFORD, NC
150 Units
Expansion: NO
16,000 RSF
1.237+/- Acres
This facility opened in 1996 and was expanded
in 1997 and 1998. Good visibility and high
occupancy!
DALE C. EISENMAN
Midcoast Proper ties, Inc
843-342-7650
$8,800,000
FARGO, ND
2 Property Portfolio
121,810 RSF
855 Units
Built: 1994-2006
9.468 Acres
Expansion: YES
Portfolio listing of two quality facilities. Both
locations have strong demographic trends with
great upside.
DAVID R. LANEY
505-286-2060
$2,000,000
ALB UQ U ERQU E, NM
18,850 RSF 193 proposed Units 2+/- Acres
This proposed conversion site consists of a 26,800
SF, one story, masonry industrial building situated
on 2+/- acres. It is scheduled to have 193 units
with at least 66 climate controlled units. Located
on Route 100 with excellent visibility.
CHUCK SHIELDS
610-828-0100
$1,600,000
DREXEL HILL, PA
18,160 RSF
100% Occ.
0.8 Acres
63 Units
$750,000
1.685 Acres
26,226 RSF
Built: 1977
234 Units
Great location with good visibility and
access in an established neighborhood! Priced well below replacement
cost. Upside Potential!
RICHARD D. MINKER/T YLER TRAHANT
8 88 - 7 - M I N K E R
$800,000
ARLINGTON, TX
229 Units 25,787 RSF Built: 2007
Expansion: YES
1.5779 Acres
Excellent location with good visibility from
high volume arterial (Coors Blvd.). Above
quality office and living quarters. Phase II is
100% occupied with a combined occupancy
of 74%. Phase II completed 5/08.
This is a 20,770 SF complex consisting of 63 storage
garages in two buildings totaling 10,420 SF and a twostory warehouse totaling 10,350 SF. 99 additional units
proposed. Location has strong residential support with
minimum storage competition.
Priced well below replacement cost at
only $27 PSF. Stable occupancy with
upside potential!
505-286-2060
610-828-0100
888-7-MINKER
$579,700
RIDGELAND, SC
$5,850,000
EWRSF $1,200,000
47,990
Built: 2000 5.9134 Acres
NExpansion:
YES
340 Units
D AVI D R. L ANE Y
EW RSF
N16,750
ARTESIA, NM
Built: 1996 0.96 Acres
EXPANSION: YES
98 Units
Located in Artesia, a booming oil town in
Southeastern NM. Tremendous opportunity
for new owner to bring energy to the project.
Historical numbers are better than current!
DAVID R. LANEY
505-286-2060
$810,000
BELEN, NM
2.33 Acres
137 Units
19,158 RSF
Built: 1980 Expansion: YES 95% Occ.
Established self storage business located on busy
corner street. Property includes Budget Rental
franchise, cell tower income, and two commercial
buildings with warehouse and office space for rent.
DAVID R. LANEY
505-286-2060
$435,000
C A R L S BA D , N M
94 Units
9,000 RSF
Built: 1998
Expansion: YES
99% Occ.
1 Acre
This facility consists of 16 covered parking RV units and
78 storage units. The units sit on 1 acre of land leaving
2.5 acres for sale $60,000. Carlsbad is experiencing
unprecedented growth as the booming oil and nuclear
industry in the area has created housing shortages.
DA VID R . LA NEY
505- 286-2060
$3,850,000
R I O RA N C H O , N M
C H U C K S H IE L D S
78,175 RSF
8.6 Acres
Built: 1994
439 Units
Expansion: NO
131 units of the 439 are climate controlled and
some are office/warehouse units. There is a
rental office and an apartment. Opened in 1994,
expanded in 1998, 2000, 2003 and 2004.
DALE C. EISENMAN
Midcoast Properties, Inc
843-342-7650
31,434 RSF
Built: 1978
RICHARD D. MINKER/TYLER TRAHANT
FERRIS, T X
Facility has excellent visibility on Highway 664. There
is additional land for expansion. Along with 340 stor-
age units there are 22 RV units.
RICHARD D. MINKER / T YLER TRAHANT
8 8 8 - 7 - MI N K E R
SPARTANBURG, SC
FORT WORTH, TX
$2,500,000
22,084 RSF 1.274 Acres Built: 1976
Expansion: NO
204 Units 86.6% Occ.
14,000 RSF 4.15 Acres Built: 2007
Expansion: YES
122 Units
Traditional self storage property combined with a
Offering
unique mobile storage operation.
includes 103 portable units and RV/Boat storage.
Facility also has additional 7,273 RSF of portable
storage, and 7,680 RSF of parking. Can be sold
separately or together.
DALE C. EISENMAN
Midcoast Properties, Inc
843-342-7650
WEST TEXAS
$5,400,000
3-PROPERT Y PORTFOLIO
108,498 RSF
864 Units
This portfolio consists of assets in San
Angelo, Midland and Odessa, TX.
Outstanding locations with historically
high occupancy! Properties may be purchased individually.
$650,000
Priced well below replacement cost at less than
$30 PSF. Stable occupancy with upside potential!
RICHARD D. MINKER/TYLER TRAHANT
888-7-MINKER
FORT WORTH, TX
$900,000
27,132 RSF
1.7 Acres
Expansion: NO
Built: 1974
236 Units
Great location with freeway frontage. Priced
below replacement cost at less than $32 PSF.
RICHARD D. MINKER/TYLER TRAHANT
JOH N OWENS /BARRY COMISKEY
888-7-MINKER
3-PROPERTY PORTFOLIO
FOR T W OR T H , T X
806-797-3231
$4,900,000
ABILENE, TX
538 Units
69,400 RSF
4.830 Acre
Built: 2005
Expansion: NO
Facility offers individual unit and 24/7 surveillance
alarms, controlled entry gates and wide 25 ft. lanes
between buildings. Located near the intersections
of State Highways 528 and 550. Occupancy is
gaining 2% per month!
2.009 Acres
252 Units
NE
W
55,000 RSF
Built: 2000
JOE MENDOLA
W UNDER CONTRACT!
31,660
NE RSF Built: 1997 1.92+/- Acres
Construction on the site began in 2003 and continued
through October 2006. Property has a control access
gate, manager’s apartment, and is paved throughout.
45 minutes to El Paso, TX.
NE
W
$1,890,000
SAVANNA, IL
This portfolio consists of 10 properties in two states, 3
in Massachusetts and 7 in New Hampshire. These
properties extend from Cape Cod in MA to the Lakes
region in NH. Tenth property is a lot that has been
approved for self storage.
20,733 RSF Expansion: YES Built: 2007
Land Area: 54,315 SF
316 Units
Opened in 2007, this is a new self storage
conversion in the heart of Kansas City. It is
adjacent to the $357M East Village Mixed Use
Development Project.
Argus Broker!
NE
W
BRUCE BAHRMASEL
312-518-3550
358,833+/- total RSF
$1,800,000
KANSAS CIT Y, MO
Call your local
NE
W
Ad d i t i o n a l l a n d f o r f u t u re e x p a n s i o n .
$28,322,278
NEW ENGLAND PORTFOLIO
LARRY GOLDMAN
913-339-0641
Could Be Listed Here!
23,010 RSF Built: 2003/2006 161 Units
Expansion: YES 1.153 Acres 82% Occ.
66,288 RSF
552 Units
$1,730,000
These three assets present excellent upside
potential and great investment opportunities.
Priced well below replacement cost.
Excellent locations!
645 Units
75,730 RSF
Expansion: NO
85% Occ.
4.389 Acres
Class “A” facility with climate controlled units in
southwest Fort Worth. Excellent location with great
visibility! Low vacancy and post office on site.
JOHN OWENS / BARRY COMISKEY
RICHARD D. MINKER & T YLER TRAHANT
612-827-3844
DAVID R. LANEY
505-286-2060
806-797-3231
8 8 8 - 7 - M IN K E R
$4,400,000
FT. EDWARD, NY
$479,000
ARLINGTON, TX
89 Units 1 Acre
$825,000
24,192 RSF
1.4552 Acres
Built: 1975
191 Units
Great location with high traffic and easy
access. Priced well below replacement
cost at less than $29 PSF. Stable occupancy with upside potential!
GW
UN BARREL CITY, TX
PAT JORDAN
HAMP TON FALLS, NH
Located in a rapidly growing suburb of Kansas
City, MO. Climate control conversion possible. Strong U-Haul rentals and outdoor vehicle storage.
54,000 RSF
308 Units
6.72 Acres
Built: 2000
Excellent exposure on Pear Street (Business
Interstate 29). Room for additional storage
buildings or Boat/RV storage. Strong track
record of high occupancy and product sales.
54,375+/- RSF Built: 2007 485+/- Units
6.46+/- Acres
Expansion: YES
LARRY GOLDMAN
LARRY GOLDMAN
JO E M E N D OL A
913-339-0641
913-339-0641
603-668-7000
This is a two-story facility with climate and
non-climate units.
11,000 RSF
Built: 2008
Brand new, 89-unit facility on 1 acre.
The property includes 11,000 SF
of storage and an onsite office.
GUY BLAKE
845-338-5000
RICHARD D. MINKER/TYLER TRAHANT
888-7-MINKER
NE
$800,000
31,415 RSF
Expansion: YES
5.27 Acres
183 Units
The 183 unit storage is located in the fast growing
area of Cedar Creek Lake just one block from
Lowe’s Home Improvement Center. The facility is
just off the main street in Gun Barrel City and is
within just a few miles of Mabank and Seven Points.
W
NE
251-432-1287
VILLA RICA, GA
W $1,750,000
E
N
504-366-6800
Unique mixed use conversion. Located on the
best corner in Joplin Central Business District.
This is a high traffic, high visibility location!
NE
W
NE
W
NE
W
NE
W
NE
W
Midcoast Properties, Inc
51,155+/- RSF 1.5+/- Acres Built: 2007
Expansion: YES
474 Units
Three-story climate controlled building
located at the intersection of Fairfield
and U.S. Highway 98. Great visibility!
Security Monitoring and 24 hour access!
BILL BARNHILL / SHANNON BARNHILL
DALE C. EISENMAN
MIDCOAST PROPERTIES , INC
21,400 RSF
3.193 Acres
143 Units
Expansion: YES
93.7% Occ. Built: 1996
Comprised of 21,400 RSF. Enjoys excellent
visibility to US Highway 76. Opened in 1996,
with expansions in 1997 and 2002. Enjoys
consistently high occupancy with room to
expand onsite!
$4,200,000
Located in scenic Rabun Gap, GA, with easy access
to Highway 441/23 and near Black Rock Mountain
State Park. Offers truck rentals, moving supplies,
and a rental office. The facility was expanded in
2001.
JACK STUMPF
0.39 Acres
888-7-MINKER
W
NE
PENSACOLA, FL
42,650 RSF
2.42 Acre
Expansion: NO 337 Units Built: 1995
$1,500,000
Brand new facility built in 2006!
W
NE
JOAN LUCAS
720-855-6587
DALE C. EISENMAN
Great facility with a great location! Fenced and
gated with an office on site. This facility would
make a great purchase for an owner/operator or
part of an acquisition to a great Northern
Illinois/Southern Wisconsin portfolio.
$899,000
W
NE
This is a well run, immaculate facility! Property has
enjoyed high occupancies for several years. There
are 15 auto/truck parking spaces. There is the ability
to convert 34 interior units to climate control.
27,564 RSF 4.05 Acres Built: 1978/1991
240 Units
Expansion: YES
This facility is comprised of six self storage buildings, a rental office and a manager’s apartment. Room for expansion
up to add’l 20,000 SF.
2.6 Acres 224 Units
BUILT: 2002/2004
$2,300,000
RABUN GAP, GA
W
NE
913-339-0641
BILL BARNHILL / SHANNON BARNHILL
32,375 RSF
218 Units
2.33+/- Acres
BUILT: 2002 97% Occ.
Expansion: NO
W
NE
LARRY GOLDMAN
$2,500,000
THO RNTON , CO
This facility is in the process of completing a 50,275
NRSF all climate control expansion. When completed,
it will be a state of the art “green” facility unlike any
other.
251-432-1287
AUGUSTA, GA
$2,000,000
ANTIOCH, IL
33,050 RSF
Expansion: NO
W
NE
New high-quality storage facility that is the only
climate controlled facility in the area! Located in
a rapidly growing Northwest Arkansas location.
W
NE
280 Existing Units
BUILT: 1982
W
NE
toll free:
W
NE
242 Units
Built: 2007
JOAN LUCAS
720-855-6587
33,525 Existing RSF
Expansion: NO
509-435-2424
www.selfstorage.com
W
NE
34,500 RSF
4.69 Acres
High-end storage DEVELOPMENT SITE with 445 proposed units and 300 outdoor RV spaces. Located one
mile west of I-25 with easy access to Mead,
Longmont, Berthoud and Johnstown. Site borders a
proposed new home development. Owner will carryback or joint venture this great site.
W
NE
$800,000
GRAVETTE, AR
14.054 Acres
W
NE
MIKE PROCTER
405-503-9055
445 Units
RYAN LAYTON
843-342-7650
Visit our website and find information on available
properties, financing and other self-storage related items:
$1,175,000
$1,050,000
Midcoast Properties, Inc
Located in the Eastern section of
New Orleans.
39,495 RSF 75 Units
Good visibility and access in an established neighborhood!
Priced well
below replacement cost.
NE
W
Located on a busy State Highway in a nice
55,000 RSF
$6,350,000
DALE C. EISENMAN
Built: 1998
7.7 Acres
Illinois Broker
NE
W
93.6% Occ.
92 Units
PENSACOLA, FL
Excellent location in upscale community.
Plans approved for onsite expansion of
16,000 RSF. High occupancy!
W
NE
4.75 Acres
Expansion: YES
W
NE
18,800 RSF
5.5 Acres
Built: 2006 103 Units Expansion: YES
1-800-55-STORE
W
NE
14,000 RSF
$1,000,000
MEAD, CO
W
NE
CAMDEN, AR
904-733-0039
19,750 RSF
2.04 Acres 85% Occ.
Built: 2004 153 Units Expansion: NO
Th i s i s a c l e a n f a c i l i t y w i t h a g re a t
se c u ri t y s y s t e m a n d h i g h o c c u p a n c y !
Has high traffic exposure and is
l o c a t e d i n a n a t t ra c t i v e l o c a t i o n .
37,050 RSF
4.3+/- Acre
94.6% Occ.
Built: 2005
241 Units Expansion: YES
NE
W
720-855-6587
FROST WEAVER
ROCKFORD, IL
73,758 RSF
638 Units
W
NE
JOAN LUCAS
W
NE
MIKE PROCTER
405-503-9055
Located in the heart of Macclenny, just off
highway 90, 20 miles west of Jacksonville
in a rapidly growing area. Manager
apartment.
POST FALLS, ID
UNDER CONTRACT!
PHONE - Call an Argus Representative
ONLINE -
BRUCE BAHRMASEL, 312-518-3550
DAVID S. JOHNSON, 314-862-3000
PEACHTREE CITY, GA
See list of Broker Affiliates on Back
•
Great visibility on main road! Recent expansion less than one year old. 103 units with
one space for office/commercial. Close to I55 interchange.
319-533-6927
EXPERTS - Call the most knowledgeable expert in your area!
•
15,584 RSF 5.5 Acres 103 Units
Expansion: YES
BUILT: 2004/2007
843-342-7650
...use any of the following resources for FREE
•
BOB RANDKLEV
M i d c o a s t Pr o p e r t i e s, I n c
NE
W
for a live-in manager. Low vacancy.
Well located facility w/ground to expand an add’l 166
units and 16,600 SF. Facility is in good condition
with visibility from 1st St. Large manager’s office
w/potential to have onsite apt. 7.5% cap on 2008
Actuals. Sellers want to make a deal and might
consider carry back financing for qualified purchaser.
NE
W
Excellent location! Property has an apartment
33,370 RSF
265 Units
86.28% Occ.
Expansion: YES BUILT: 2002-2003 2 Acres
CLENNY, FL
W MAC$460,000
E
Units
9,360
N RSF Built: 1985 0.9088Acres
Expansion: NO
DA L E C . E I S E N M A N
64,238 RSF 4.8 Acres Expansion: YES
225 Units
Built: 1985
95% Occ.
Great investor opportunity! Consists of 225 mini warehouse units, 2 garage/warehouse buildings and 3 unit
office. Excellent rental history since 1985. Located on
busy street/highway.
35,268 RSF 2.088 Acres Built: 1978
Expansion: NO
302 Units
W
NE
89.6% Occ.
$621,000
$1,750,000
26,962 RSF
1.7+/- Acres
Expansion: NO
220 Units
Asking price at or below replacement cost! Sturdy concrete block buildings. On-site apartment and rental
office. Significant upside potential! Consistently high
occupancy. Prior to storm damage the facility was 90%
occupied.
LINDA CINELLI
W
NE
297 Units
STEPHEN RIGL
305-278-8400
ARLINGTON, T X
JOPLIN, MO
W
NE
3 Acres
405-503-9055
GREELEY, CO
Expansion: YES
2.243 Acres
$1,350,000
W
NE
35,319 RSF
MIKE PROCTER
99,160 Proposed RSF
W
NE
$1,300,000
CABOT, AR
High visibility location in busy Industrial
Park, near airport and major highways I40 and Hwy 70. Facility is always full with
waiting list and has outstanding security.
LANTANA, FL
BECHTELSVILLE, PA
$2,700,000
NEW ORLEANS, LA
W
NE
MIKE PROCTER
405-503-9055
19,150 RSF Built: 1997
163 Units
Expansion: YES 1.54 Acres 90% Occ.
W $3,470,600
NE DEVELOPMENT SITE!
W
NE
42,300 RSF
2 Acres
Built: 1995
100% Occ.
Expansion: YES 157 Units
This is a nice facility with excellent visibility and has an additional building with
three existing tenants. Located just outside of Texarkana, AR.
$765,000
$690,000
$599,000
MT. OLIVE, IL
W
NE
WEST MEMPHIS, AR
$750,000
904-733-0039
ALAMOGORDO, NM
$1,350,000
MASON CIT Y, IA
W
NE
ASHDOWN, AR
FROST WEAVER
Your Property
M A C O N, G A
W
NE
MIKE PROCTER
405-503-9055
2 Property Portfolio
W
NE
BILL BARNHILL
251-432-1287
$900,000
$1,200,000
W
NE
843-342-7650
NE
W
Excellent location with easy access to major
roads in Russellville! Facility has a solid construction, on-site residence, and high occupancy!
GUY BLAKE
845-338-5000
FOR MORE INFORMATION...
$6,950,000
JACKSONVILLE, FL
58,650/52,800 RSF
3.75/6.63 Acres
456/415 Units Built: 2002/2008 86.8%/NA Occ.
This is a two property portfolio reflected in the price.
Property II is a brand new facility completed in May
2008 and can be sold separately, with proposed
expansion of 125 Units/15,900 SF.
Midcoast Proper ties, Inc
913-339-0641
908-722-5661
RICHARD D. MINKER/TYLER TRAHANT
843-342-7650
251-432-1287
13,600 RSF
Built: 1995
41 Units
7 Acres
Expansion: YES
The property is fully leased and has up to 7
acres for possible expansion! Excellent visibility and near to Fort Drum! Facility has one 6,000
sf warehouse w/ loading dock and one 4,000 sf
warehouse.
W
NE
This is a “Class A” facility in a great location
with excellent visibility and traffic exposure.
There is additional 1.4 acres for expansion!
Units include 14 open boat/rv spaces.
1.5 Acres
141 Units
18,000 RSF
93% Occ. Built: 1996 Expansion: NO
DALE C. EISENMAN
BILL BARNHILL & STUART LAGROUE
DALE C. EISENMAN
DEVELOPMENT SITE
3 Acres
Self Storage development site with premier
highway location! Zoned highway business
commercial.
W
NE
75,420 RSF 8.05 +/- Acres 623 Units
91.01% Occ. Expansion: YES Built: 2000
$850,000
Asking price at or below replacement cost! Sturdy concrete block buildings. On-site apartment and rental
office. Significant upside potential!
$700,000
ARLINGTON, TX
LARRY GOLDMAN
Expansion: NO
W
NE
RUSSELLVILLE, AR
305-278-8400
Expansion: NO
$499,900
LOWVILLE, NY
Midcoast Proper ties, Inc
3.5+/- Acres
Asking price at or below replacement cost! Three sturdy
concrete block buildings and two newer metal buildings.
There is an on-site apartment, rental office and retail
spaces. Significant upside potential.
W
NE
$5,250,000
MOBILE, AL
STEPHEN RIGL
1.9 Acres
$1,650,000
EGG HARBOR TOWNSHIP, NJ
153 Units 42,098 RSF Built: 2008
Expansion: YES
2.76 Acres
Unique new facility opening in 2008!
Mostly climate controlled with a beautiful residence for owner or manager.
Fenced and gated with 24 hour access.
W
NE
MIKE PROCTER
405-503-9055
2.51 Acres
Site plan approved.
W
NE
251-432-1287
89,244 Proposed RSF
ANY, GA
W AL B$975,000
E
N 33,552 RSF
285 Units
$2,452,000
BILOXI, MS
W
NE
This is a very nice facility with expansion
land that would allow the owner to triple its
size. Located in a high traffic area of Pine
Bluff with frontage property.
HOBE SOUND, FL
W
NE
BILL BARNHILL
24,500 RSF
2 +/- Acres
255 Units Built: 1995 Expansion: YES
W $2,900,430
NE DEVELOPMENT SITE!
Midcoast Properties, Inc
843-342-7650
$2,250,000
BRAN SON, MO
38,830 RSF 2.19+/- Acres 296 Units
Expansion: NO
BUILT: 2004
New state-of-the-art facility built in 2004.
Located in Biloxi Commerce Park just off
Interstate 10 in Biloxi, MS. The facility consists
of 296 climate control units.
W
NE
139 Units
21,664 RSF
Excellent portable storage business opportunity to further develop the franchises! Take
advantage of a $4 billion steel plant to be built
in market area with 28,000 workers on site.
PINE BLUFF, AR
DALE C. EI SENMAN
W
NE
UNDER CONTRACT!
56,600 RSF
382 Units
3.36 Acres
Built: 2003
Expansion: YES
Opened in late 2003, this facility is comprised of 2 climate controlled buildings, 4
non-climate buildings and a free-standing
rental office. Expanded in 1997 and 2002.
Occupancy continues to climb!
STEPHEN RIGL
3 05-27 8-84 00
W
NE
$550,000
MOBILE, AL
70,000 Proposed RSF
0.99 Acres
This is a well located development site for a
high-end storage facility on the SW corner of
Conklin and Military Trail. Property is surrounded by a gated residential community.
W
NE
251-432-1287
MIKE PROCTER
405-503-9055
B IL L BA RNHIL L & STUAR T LAGROUE
$2,400,000
ALBANY, GA
NE
W
Property includes dry cleaners and truckrental business. Good location and excellent visibility on a main road in Pine Bluff.
STEPHEN RIGL
305-278-8 400
DELRAY BEACH, FL
NE
W
5,800 RSF
74 Units
Expansion: NO Built: 2000 1.75 Acres
W $2,275,000
NE DEVELOPMENT SITE!
3.24 Acres
Site plan approved.
NE
W
NE
W
PINE BLUFF, AR
138,610 Proposed RSF
SBORO, GA
WJO NE$1,100,000
E
N 40,042 RSF
257 Units
W
NE
49,300 RSF 3.61+/- Acres 348 Units
Expansion: YES
BUILT: 2007
This is a new facility located in a high growth
area! Great frontage and visibility. Includes
retail & warehouse space along with a manager’s office.
MUST SELL! CALL BROKER
GUY BLAKE
845-338-5000
W
NE
$2,250,000
DAPHNE, AL
Fully approved storage site conversion. Existing 40,000
SF building to be expanded to 71,000 SF. Near Home
Depot and Interstate Exit. Joint venture/seller financing
possible.
WEST PALM BEACH, FL
W
NE
MIKE PROCTER
405-503-9055
52,368 proposed RSF 448 proposed Units
0.63 Acres Expansion: YES BUILT: TBD
W $4,504,825
NE DEVELOPMENT SITE!
NE
W
Nicely gated facility with climate controlled units on main highway in
Mountain View, AR. Plenty of room for
expansion!
BILL BARNHILL / STUART LaGROUE
251-432-1287
4.3 Acres
Expansion: YES
NE
W
15,375 RSF
167 Units
$950,000
W A TE R BU R Y, CT
W
NE
W
NE
12,450 RSF
1 +/- Acres Built: 2006
Expansion: YES 109 Units 87% Occ.
This is a new facility built in June 2006.
Climate and non-climate units with land
for expansion! 2 additional acres are
available for purchase.
$775,000
M O U N TA I N V I E W , A R
W
NE
$981,900
W
NE
ANDALUSIA, AL
W
NE
W
NE
RICHARD D. MINKER/TYLER TRAHANT
888-7-MINKER