June 2003


  • Pueblo West, CO: For more information, contact Broker Affiliate, Joan Lucas at 720-855-6587.

  • Williston, FL: $730,000; 23,559 RSF.  Contact Broker Affiliate, Frost Weaver at 904-733-0039.

  • Bow, NH: $650,000; 16,900 RSF.  Contact Broker Affiliate, Joe Mendola at 603-668-7000.

  • Springfield, OR: $825,000; 25,400 RSF.  Contact Broker Affiliate, Richard Arnold at 503-203-1911.

Check out all of our Current Listings


  • The New Tax Laws... A Time to Sell?  If you are ready to sell, these new laws may benefit you more than you think.  Read the July 2003 Market Monitor and find out why this could be the best time to sell.  Your July issue will be mailed around July 7th.  Be sure to check out past articles by  visiting our website.
     

  • Don't let our Summer Special pass you by!  Did you see the special offer in the May issue of the Market Monitor?   If not, be sure to read the July issue.  Contact your Argus Broker or call 1-888-414-7871 for the details.

 Not a current Market Monitor subscriber? 
Subscribe today!

  • Want to join the Argus Self Storage Sales Network?  Are you a real estate broker looking to expand your current field of expertise?  If you're interested in learning more about our opportunity in the self storage industry, please visit our website to learn more.  Join the Argus Network.
     

Crews Stor-All Mini Storage
Panama City, FL
$989,000

This 26,680 RSF facility, located near Tyndall Air Force Base, is back on the market!

  • 277 storage units; 26,702 RSF

  • Highly visible and easily accessed from well-traveled road

  • Historically high occupancy – typically 99%

  • Includes successful U-Haul and "Pac and Ship" businesses

Population growth over the last few years has led to increased construction and development activity in the area. 

For more detail, view the listing.  For the full property presentation, call Argus Broker Affiliate Bill Barnhill at 888-801-4534.

  • SSA's next Developers Seminar will be held before the Fall Conference, September 9-10 in San Diego.  Call SSA Headquarters at 703-921-9123 or visit the SSA's  website www.selfstorage.org for more info.
     

  • SSA Fall Conference & Tradeshow, September 10-13, 2003 in San Diego.  For more information or to register, go to www.selfstorage.org.
     

  • ISS Expo, October 2-3, 2003 in New Orleans.  For more information or to register, visit the ISS website at www.insideselfstorage.com/expo.

 

Have you ever wanted to write an article?  If you have a topic you would like to include in an upcoming Alert, please let us know.  We encourage our readership to share ideas, issues and solutions about the self storage industry.  Articles should be written in the form of a news item (sorry, no advertising) and be 50-150 words in length.  A personal or company description and contact information at the end is acceptable.  We're looking for legal/tax issues and financing updates, but other topics will be considered.  Submit Article


Congratulations to Argus Broker Affiliate 

Joseph Mendola

of The Norwood Group on the sale of 

Morgan Storage in Medford, MA!

~~~~~~~~~~~
The Argus Self Storage Sales Network
"America's Self Storage Brokers"
1-800-55-STORE
info@argus-realestate.com

 

  • Decrease in Net Income for Public Storage.  For the first quarter 2003, ended March 31, 2003, Public Storage's net income was $76,639,000 compared to $87,455,000 for the same period in 2002, a decrease of 12.4%.  This decrease in net income is a result of lower same store operating income, increased depreciation expense, and a decrease in equity in earnings of real estate entities.  Full Press Release
     

  • Who's Next?  The State of Ohio may be the next to pass a state budget bill which may include a provision to apply sales tax on self-storage.  Ohio would be among only a few states who have already passed this legislation.  The National Self Storage Association is opposed to such a tax policy.  Read more about the proposed legislation and the SSA's position.

 

Sign Tech cultivates lasting relationships with their clients by consistently providing effective and innovative full-service solutions for all signage needs.  Sign Tech would like the opportunity to be part of your expansion team.  Please keep them in mind as your company continues to grow.  Call 1-800-327-1104 for all of your signage needs: pre-lease surveys and code checks, all types of signage, national sign installation and repairs.  www.signtechinternational.net
 


Looking for a vendor?  
Check out www.selfstorage.com
Search for a vendor by location or category, request
a proposal, post a question on the Forum.
 


American Steel Building Company has been one of the leading integrated designers, manufacturers, and erectors of self-storage facilities for 50 years. American utilizes the latest innovative planning, fabrication and construction methods to maximize space utilization and minimize building costs. You get factory-direct pricing straight from the manufacturer -- no middlemen. Their designers and engineers can provide design assistance for foundations, brick, stucco, masonry, pre-cast concrete, and tilt wall construction that integrate with American's pre-engineered systems.  Call 1-800-877-8335

     

Alert on Self Storage is published by the Argus Self Storage Sales Network.  Questions?  Comments?  Please contact Melanie Aaron at melanie@argus-realestate.com or call 1-800-55-STORE.

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