Alert on Self Storage

Redding, CA: $2,500,000; 49,411 RSF. Contact Broker Affiliate Ken Miller at 530-221-9658.
Pueblo West, CO: $1,480,000; 69,910 RSF. Contact Broker Affiliate Joan Lucas at 720-855-6587.
Danvers, MA: $10,250,000; 120,000 RSF. Contact Broker Affiliate Joe Mendola at 603-668-7000.
West Bridgewater, MA: $1,200,000; 31,000 RSF. Contact Broker Affiliate Joe Mendola at 603-778-7000.
Belton, MO: $850,000; 29,680 RSF. Contact Broker Affiliate Larry Goldman at 816-931-3101.
Farmington, NH: $785,000; 22,300 RSF. Contact Broker Affiliate Joe Mendola at 603-668-7000.
Loudon, NH: $1,500,000; 27,200 RSF. Contact Broker Affiliate Joe Mendola at 603-668-7000.
Cicero, NY: $1,300,000; 14,700 RSF. Contact Broker Affiliate Mike DiBella at 315-445-1030.
Mineral Wells, TX: $385,000; 15,750 RSF. Contact Broker Affiliates Richard Minker/Tyler Trahant at 1-888-7MINKER.
Fort Worth Area, TX: $3,750,000; 111,731 RSF. Contact Broker Affiliates Richard Minker/Tyler Trahant at 1-888-7MINKER.
San Antonio, TX: $1,575,000; 30,300 RSF. Contact Broker Affiliate Mark Keys at 210-499-5397.

Check out all of our Current Listings

Congratulations to Argus Broker Affiliate

Joan Lucas

of Joan Lucas Real Estate Services
on the sale of

Gil's Mini Storage in Lamar, CO!

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

Even though the state of California is below the national average in self storage supply, the supply in Los Angeles exceeds the demand. In this article, Chris Sonne of Self Storage Economics, illustrates the growth and trends of self storage in Los Angeles over the last decade. Whether you're considering buying or building, in a large metropolitan area or a smaller market, conducting market research is imperative. Source: Mini Storage Messenger, March 2003. Full Article

BETCO is a single-source manufacturer of metal self-storage buildings. Its customers have access to everything they need to create a complete self-storage facility, from engineering design, to the manufacture of all necessary components, to delivery and finally, to the construction of the building.

With almost twenty years in the business, BETCO offers a complete line of products and services from two state-of-the-art plants in North Carolina and Texas nearly 200,000 square fee of manufacturing capacity.

Whether it's single-story, bi-level, multi-story, climate controlled or conversions, BETCO is in the vanguard of the industry, leading the way with top-of-the-line buildings or "no frills" structures for those customers with an eye on economy. Call 1-800-654-7813 or visit BETCO on the Web at www.betcoinc.com.

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Fixed rate loans for self-storage facilities remain near historical lows despite the recent 1%-plus upward movement in the underlying 10-year treasury rates. The rise in treasuries began when Fed Chairman Alan Greenspan reduced the discount rate by ¼% rather than the ½% drop anticipated by the market. The climb continued following Greenspan’s optimistic comments on the economy in early July, and also his statement that the government will not aggressively buy back treasuries in an effort to lower yields. This in turn triggered a sell-off of the 10-year note that pushed yields higher. Recent indicators that the economy is gaining momentum have fueled the most recent increases in the 10-year.

From a broad perspective, the 10-year treasury was 5.25% in May of 2002, nearly 1% higher than it is currently. The historical movement in treasury yields has shown a gradual downward trend, followed by a sharp increase in yields (similar to what has occurred over the past 45 – 60 days), and then followed by a gradual increase in yields. If this pattern holds, then rates may well have seen the bottom in Mid-June and are headed for a gradual increase.

The run up in treasuries has directly impacted mortgage rates, though again from a longer term perspective rates remain quite favorable. Currently 10-year fixed rates are approximately 5.50% for loans under 60% loan-to-value, and approximately 6.00% for loans at 75% loan-to-value. Worth noting: While mortgage rates have moved upward in recent months, they remain below the levels experienced at this time last year. For more information on financing, contact Eric Snyder, Buchanan Storage Capital, at 1-800-675-1902 or via e-mail at eps@buchananstreet.com.

Is the sky really falling? Maybe not, but interest rates don't seem to be falling either. In fact, it looks like they may be heading upward. Read your September Market Monitor and see what impact the rate changes may have on you - buyer, seller or current owner.
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The Summer Special on www.selfstorage.com ends August 31st. For just $79 you can advertise your facility with a full-color, 5 page Premier webpage. Ask your Argus Broker or call 1-888-414-7871 for more information.

Round Up! Have you ever wondered what the self storage market is like in the Western states? Wonder no more. Check out the Real Estate Roundup from the September issue of Inside Self Storage. Argus broker affiliates share their thoughts on the regional self-storage market. Full Article (requires Adobe Acrobat Reader)

Self Storage Sales Seminar, September 9, 2003 in San Diego, CA. Visit www.sellingselfstorage.com.
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.
Texas Mini Storage Association Convention and Trade Show 2003, September 21-24 in Dallas. For more information, visit www.tmsaonline.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.