Argus Self Storage Sales Network Broker Affiliates Bill Barnhill, CCIM, Stuart P. LaGroue, Sr., and Shannon Barnes, CCIM, represented the seller of SpaceSavers Self Storage located in Saraland, AL. The facility is located along Highway 158, a major east/west artery of the rapidly growing community located just north of Mobile, AL. The facility, a three story all climate controlled building is comprised of 54,881 rentable square feet with 475 units. In addition to the climate control units there are 20 non-climate units located around the perimeter of the building as well as several outdoor boat and RV parking spaces. The facility was sold on June 2, 2015, to out of state investors for an undisclosed sum at a 6.7% cap rate.
Bill, Stuart and Shannon are the Argus Self Storage Sales Network broker affiliates for Alabama, Mississippi and Louisiana. They can be reached at 251-432-1287. Based in Denver, Colorado, the Argus Self Storage Sales Network (ASSSN) was formed in 1994 to assist owners and investors of self-storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self-storage and income property investments. Now the largest self-storage brokerage network in the United States, the ASSSN has 36 Broker Affiliates covering nearly 40 markets. These brokers are able to meet the needs of self storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55-STORE or visit www.argus-selfstorage.com.