Alert on Self Storage

"America's Premier
Self Storage Brokers"

August 2006

2953 S. Peoria Street
Suite 207
Aurora, CO  80014

1-800-55-STORE


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Argus Sales

Property Pick

New Listings

Argus News

Financing Focus

Vendor View

Industry Insights

Upcoming Events

 
Fall is almost here!  Time for the kids to head back to school and start a new year of learning.  It is also a great time of year for you to brush up on your industry knowledge.  There are plenty of opportunities coming up that will help you stay on top of current industry trends and learn more about how to better position your facility in the market.  Check out the SSA's Fall Conference in Las Vegas, or perhaps your state association is having a local meeting that you could attend.  You also won't want to miss the upcoming Argus National Teleconference - see below for details!  Happy learning!

Amy

Amy Hitchingham is the Director of Marketing & Operations for the Argus Self Storage Sales Network and www.selfstorage.com.  She can be reached at 303-785-6086 or via e-mail at amy@argus-realestate.com.



 

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New Argus Listings

  • Foley, AL:  $4,500,000; 69,350 RSF.  Contact Broker Affiliates Bill Barnhill or Stuart LaGroue at 888-801-4534.

  • Ridgecrest, CA:  $1,200,000; 10,900 RSF.  Contact Broker Affiliates Clifford Crowe or David Anderson at 760-929-9700.

  • San Marcos, CA:  $225,000; 80 Mobile Storage Containers.  Contact Broker Affiliates Clifford Crowe or David Anderson at 760-929-9700.

  • Grand Junction, CO:  $2,000,000; 31,730 RSF.  Contact Broker Affiliate Joan Lucas at 720-855-6587.

  • Chicago, IL:  $2,850,000; 37,325 RSF.  Contact Broker Affiliate Bruce Bahrmasel at 312-518-3550. 

  • Chicago, IL:  $3,550,000; 46,880 RSF.  Contact Broker Affiliate Bruce Bahrmasel at 312-518-3550.

  • Greenville, MS:  $5,500,000; 171,055 RSF.  Contact Broker Affiliate Bill Barnhill at 888-801-4534. 

  • Manalapan, NJ:  $16,500,000; 77,795 RSF.  Contact Broker Affiliate Linda Cinelli at 908-303-8661. 

  • San Antonio, TX:  $3,500,000; 55,355 RSF.  Contact Broker Affiliate Mark Keys at 210-366-8817.

  • Byron, WI:  $1,200,000; 48,460 RSF.  Contact Broker Affiliates Peter Hitler or Tricia Olson at 262-236-0612.

  • Janesville, WI:  $2,100,000; 60,728 RSF.  Contact Broker Affiliates Peter Hitler or Tricia Olson at 262-236-0612.

 Check out all of our Current Listings


Property Pick

Greenville, MS
$5,500,000

  • RSF: 157,530

  • Units: 1,271

  • Total Land Area: 10 acres +/-

  • Number of Buildings: 20

  • Class "A" facility comprised of climate controlled, regular units and boat/RV spaces

  • Excellent security

  • High visibility location with good signage

  • 13,525 SF expansion under construction

  • Additional land available for future expansion

For more information on this opportunity,
please call Argus Broker Affiliates

Bill Barnhill, Stuart LaGroue or Ron Mitchell at 888-801-4534
or send an Email Request

 

You are invited...

Join us for our upcoming free teleconference "Self Storage Real Estate - A Land of Opportunity...and Land Mines!"  Argus President Mike McCune will present an in-depth look at the current state of the self storage market and the potential pitfalls that should be avoided when contemplating a self storage investment.  He will discuss the components of value and how cap rates, interest rates and overbuilding can affect value, and also take a look at 1031 exchanges and how to determine if they are the best alternative.  You won't want to miss this valuable discussion - call today to RSVP!

Calls will be held on Monday, September 25 and Wednesday, September 27 at 2:00pm Eastern.  Choose the date that works best for you! 

Click here to RSVP or call 1-800-55-STORE.


Argus News

Join the Argus Self Storage Sales Network at the SSA's Fall Conference and Tradeshow in Las Vegas, Sept 7-9, 2006!  Visit us at booth #719 to speak with an Argus representative about buying or selling a self storage facility.  You also won't want to miss out on the excellent educational sessions and discussions that the SSA has to offer.  For more information, visit www.selfstorage.org/2006fall.aspx

Colorado Self Storage Association Elects New President:  Joan Lucas, of Joan Lucas Real Estate Services, LLC has been elected to serve as President of the Colorado Self Storage Association.  Joan had formerly served on the Board of Directors as Secretary and was instrumental in founding the association several years ago.  Joan is also the Colorado Broker Affiliate for the Argus Self Storage Sales Network.  For more information, visit www.coloradossa.com.


Industry Insights

Public Storage Closes Shurgard Purchase
AP via Yahoo! Finance Tue, 22 Aug 2006 12:14 PM PDT
Self-storage company Public Storage Inc. said Tuesday it closed its acquisition of smaller rival Shurgard Storage Centers Inc. in a deal valued at about $5.5 billion.

U-Store-It Trust Announces Second Quarter 2006 Financial Results
SYS-CON Media Mon, 07 Aug 2006 5:23 PM PDT
U-Store-It Trust (the 'Company') (NYSE: YSI),today announced operating results for the three months ended June 30, 2006.

PODS takes chunk out of storage market
AP via Yahoo! News Sun, 06 Aug 2006 2:08 PM PDT
Pete Warhurst had built one self-storage business and was looking for a place to put another in densely populated Pinellas County where good highway frontage was already scarce.

Sovran Self Storage Reports Second Quarter Results: Revenues Increase 18%
Business Wire via Yahoo! Finance Wed, 02 Aug 2006 1:05 PM PDT
BUFFALO, N.Y.----Aug. 2, 2006--Sovran Self Storage, Inc. , a self-storage real estate investment trust , reported operating results for the quarter ended June 30, 2006.

Shurgard to lay off 175 in Seattle
Seattle Post-Intelligencer Wed, 02 Aug 2006 10:07 AM PDT
Shurgard Storage Centers Inc. is laying off 175 employees at its historic Valley Street headquarters and facility in Seattle, the state Employment Security Department said this morning.


 

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Argus Sales

Congratulations to:

  • Peter Hitler and Tricia Olson of Investment Real Estate Specialists on the sale of Good Hope Storage in Milwaukee, WI, 29 East Mini Storage in Weston, WI and Security Storage in Dayton, WI!

  • Joe Mendola of NAI Norwood Group on the sale of a 3-Property Portfolio in VT and MA!

  • Mark Keys of Cornerstone Realty on the sale of the Adams Self Storage Portfolio in Beaumont, TX and Lake Houston Storage in Huffman, TX!

  • Clifford Crowe and David Anderson of Lee & Associates on the sale of Fort Knox Storage in Tallahassee, FL and Allspace Self Storage in Laguna Hills, CA!

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

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Vendor View

Company Logo

Executive Self Storage Associates, Inc.

Executive Self Storage Associates, Inc. is one of the largest Self Storage management firms in the country. ESSA has been in business since 1987, and currently oversees the operations and daily activity of nearly fifty self storage facilities across the nation.  Our full service management teams provide a customized program, for new or existing properties, meeting the needs of each individual location.  ESSA also offers a wide variety of consulting services including; Facility Evaluations, Market Feasibility Studies, Manager Training and Store Audits.

For more information, contact:

Joe Niemczyk
303-703-1290

www.executiveselfstorage.com
 

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Upcoming Events

Missouri Self Storage Owners Association Annual Meeting & Tradeshow
August 23-25, 2006
Lodge of Four Seasons - Lake Ozark, MO

visit www.mssoa.org to register


Self Storage Association Fall Conference and Tradeshow
September 7-9, 2006
Caesar's Palace - Las Vegas, NV

visit www.selfstorage.org to register


Texas Self Storage Association Convention & Tradeshow
September 24-27, 2006
Moody Gardens Hotel - Galveston, TX

visit www.txssa.org to register


North Carolina Self Storage Association Annual Meeting
October 10-11, 2006
Charlotte Marriott - Charlotte, NC

visit www.ncssaonline.org to register


California Self Storage Association Annual Conference
October 18-20, 2006
Westin Horton Plaza - San Diego, CA

visit www.cssaweb.com for details


Florida Self Storage Association Annual Meeting & Expo
October 26-27, 2006
Disney's Coronado Springs Resort - Orlando, FL

visit www.floridassa.org for details

List your event for free...
alert@argus-realestate.com

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Put America's Finest Self Storage Brokers to Work for You!

Click Here to Contact Us     Phone  303-785-6085     Toll Free  1-800-557-8673     Online  www.selfstorage.com

 
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