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New Argus
Listings
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Forrest City, AR: $800,000;
22,500 RSF. Contact Broker Affiliate
Mike Procter at 405-503-9055.
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West Memphis, AR: $765,000;
19,150 RSF. Contact Broker Affiliate
Mike Procter at 405-503-9055.
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Hesperia,
CA: $5,900,000;
97,969 RSF. Contact Broker Affiliates
Clifford Crowe or David Anderson at
760-929-9700 or
Joan Lucas at 720-855-6587.
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Rancho
Cucamonga, CA: $18,200,000;
160,110 RSF. Contact Broker Affiliates
Clifford Crowe or David Anderson at
760-929-9700.
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Ellijay,
GA: $1,650,000;
34,850 RSF. Contact Broker Affiliate
Dale C. Eisenman at 843-342-7650.
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Waycross, GA:
$2,450,000; 32,900 RSF. Contact Broker Affiliate
Dale C. Eisenman at 843-342-7650.
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Downers Grove, IL: $2,200,000;
78,000 RSF. Contact Broker Affiliate
Bruce Bahrmasel at 312-518-3550.
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Michigan City, IN: $1,399,000;
39,530 RSF. Contact Broker Affiliate
Bruce Bahrmasel at 312-518-3550.
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Baltimore, MD: $1,000,000;
85,875+ SF. Contact Broker Affiliate
Grady Riggs at 301-656-6667.
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Branson West, MO: $2,400,000;
57,450 RSF. Contact Broker Affiliate
Larry Goldman at 816-931-3101.
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Nixa, MO: $1,800,000;
58,280 RSF. Contact Broker Affiliate
Larry Goldman at 816-931-3101.
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Ridgeland/Gluckstadt, MS: $9,250,000;
2-Property Portfolio; 137,940 RSF. Contact Broker Affiliates
Bill Barnhill or Stuart LaGroue at 888-801-4534.
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Havelock, NC: $2,350,000;
54,400+ RSF. Contact Broker Affiliate
Dale C. Eisenman at 843-342-7650.
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Springer,
NM: $125,000;
6,000 RSF. Contact Broker Affiliate
David Laney at 505-286-2060.
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Commerce, OK: $600,000; 20,300 RSF Contact
Broker Affiliates
Larry Goldman at 816-931-3101 or
Richard Minker and Tyler Trahant at 817-335-5600.
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Dallas, TX: $700,000; 38,520 RSF Contact
Broker Affiliates
Richard Minker or Tyler Trahant at 817-335-5600.
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Huntsville, TX: $1,545,000; 38,125 RSF Contact
Broker Affiliate
Mark Keys at 210-336-8817.
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Bennington, VT: $950,000; 21,364 RSF.
Contact Broker Affiliate
Joe Mendola at 603-668-7000.
To view information on all of our nationwide self storage listings
Click Here
Property
Pick
Rancho Cucamonga, CA
$18,200,000
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Class A, newly opened
facility
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Excellent corner
location with Highway 210 exposure and frontage on a major arterial
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State-of-the-art
security
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Climate controlled,
non-climate and wine storage units available
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Located in one of the
fastest growing areas in California
For more information on this
opportunity,
please contact Argus Broker Affiliates
Clifford Crowe and David Anderson at
760-929-9700
or send an
Email
Request
Financing Focus
Capital Markets Update
by Samuel S.
Park, Market Research Associate
Buchanan Storage Capital
Word on the Street
> The Fed held the fed funds rate target at 5.25% in their March meeting
as expected.
> The fed funds futures probability model currently suggests about a 10%
chance of a 25 bps rate cut in the next Fed meeting in May.
> Former Fed Chairman, Alan Greenspan warned that the US economy may be
due for a possible recession by the year's end.
> The former chairman suggested about one-third probability of a
recession, while the Fed's yield spread probability model suggests about a
40% chance of a recession within a year.
> Greenspan's view differs from that of the recent Fed statement, which
suggested the economy will likely "expand at a moderate pace over the coming
quarters."
> The positive outlook depends on the condition that the housing situation
will stabilize, which hasn't yet occurred.
Dollars and
Cents
> Subprime defaults have led regulators to
increasingly probe into the subprime industry and its industry participants.
> Increasing risk and defaults in subprime markets had fueled the
flight-to-quality towards Treasuries.
> The resulting lower Treasury yield and higher BBB CMBS yields (caused by
some hedging pressures) have resulted in wider spreads and thus higher
quotes on mortgages loans.
> Some Californian pension systems have been expanding its real estate
allocation to a broader mix of "emerging" managers.
> CalSTRS committed $3.6B towards real estate over the fourth quarter of
2006, allocating a majority to high-return or niche strategies.
Real Estate Focus
> A survey by Coldwell Banker and National Real
Estate Investor reveals that more commercial real estate participants
anticipate increased activity in 2007 than they did in 2006.
> Reed Construction Data foresees a steep increase in new development,
driven by improved fundamentals, high acquisition costs, and relatively
cheap debt.
> Developers should use caution before starting a speculative project in
potentially overbuilt locations.
> National Association of Realtors' Commercial Leading Indicator for
Brokerage Activity rose to 0.1% in the fourth quarter.
> The indicator currently hovers at a record territory, but the index has
decelerated to a leveled pace and implies steady activity for the next two
to three quarters.
Buchanan Storage Capital
is the leading provider of capital to self-storage owners nationwide. Their
customers access competitive debt & equity through proprietary programs like
Buchanan Fixed Rate Direct™ and through their advisory services, leveraging
off Buchanan’s long-standing relationships with the top storage lenders. The
principals of Buchanan Storage Capital, Jim Davies and Eric Snyder, have a
$2.5 billion track record in storage financing and the firm closed over $450
million in 2005. Parent company, Buchanan Street Partners, a leading real
estate investment bank, has completed over $10.5 billion of transactions
since its inception in 1999. For additional information, please call
800.675.1902 or visit
www.buchananstoragecapital.com.
Argus News
Argus is proud to welcome our new Broker Affiliate to the Argus Self Storage
Sales Network!
 David
Hasley, of Carlson & McGinley Real Estate Services, is located in
Pittsburgh, PA and will represent Argus in Western Pennsylvania. Dave is
involved in the sales and leasing of a wide range of property types including
office, retail, warehouse, self storage and multifamily. He also has
experience in acquisition and development as a former member of the Board of
Directors of Angeles Real Estate Corporation, which was responsible for
acquiring and developing properties for sponsored investment programs.
Dave can be reached at 412-431-1718 or
by e-mail.
Industry Insights
IPO of UK’s Largest Storage Operator woth $400
million (U.S.):
Safestore, Europe's second largest
self-storage firm, said on Friday it had raised 208.7 million pounds ($403.4
million) in an initial public offering, and plans to use its proceeds to
fund growth.
Full Article
Self-storage businesses battle 7% sales tax:
The Record
Wed, 21 Mar 2007 5:43 AM PDT
New Jersey residents don't pay sales tax when they rent a home. Why is it
different with storage space? That question is at the center of a battle New
Jersey's self-storage industry is waging against the Corzine administration.
Full Article
ISS Publishes 2007 FACTBOOK:
With nearly 300 pages of informative text, the Inside Self-Storage
FACTBOOK is an educational tool, a comprehensive collection of
instructive articles that cover the gamut of the self-storage experience.
From finance and real estate issues to detailed management practices, this
book will teach you what you need to know to fund, develop, build, market
and run a self-storage business. No matter your level of industry knowledge,
the FACTBOOK contains something new to learn. For more information or to
purchase your copy, visit
www.insideselfstorage.com/factbook.html.
MiniCo
Releases New Edition Of Industry Development Resource:
PHOENIX, ARIZ. – The 2007 Development Handbook, published by MiniCo,
Inc., offers a detailed look at development within the self-storage industry
including in-depth articles, statistics and analysis addressing the
development process from site selection to opening day. For current and
prospective self-storage professionals, the 2007 Development Handbook
offers a wealth of information about the U.S. self-storage industry
including development trends, construction specifics, and market
considerations, as well as financial, insurance and legal factors. The
Development Handbook is published annually by MiniCo, Inc., publisher of
the self-storage industry’s leading trade magazine, Mini-Storage
Messenger. The 2007 Development Handbook will be available at the
end of March. For more information or to order the publication, visit
www.MiniStorageMessenger.com or call 800‑352-4636. |
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Argus Sales
Congratulations to:
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Bill Barnhill, Shannon Barnhill and Stuart LaGroue
of Omega Properties, Inc. on the sale of Montrose Store All in
Fairhope, AL!
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Dale C. Eisenman, CCIM of Midcoast
Properties, Inc.
on the sale of Ameristor in Augusta, GA!
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Bruce Bahrmasel of Preferred Realty Group on the sale
of Total Storage in Freeport, IL!
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Larry Goldman, CCIM of Prudential CRES on the sale
of Pack-N-Stack in Ozark, MO!
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Linda Cinelli, CCIM of LC Realty on the sale
of Metuchen Self Storage in Metuchen, NJ!
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David Laney of RealStar Commercial Real
Estate on the sale
of AAA Self Storage in Alamogordo, NM!
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
QuikStor provides Mini Storage Software and security including Access
Control, Digital Video Surveillance, Wireless Door Alarms, 3D graphical site
maps, whole-site music-paging-intercoms, off-site products including Self
Storage eCommerce, and so much more. Since 1987, we have been the industry's
one-stop shop "from concept to profit" with integrated products that are
easy to use and profitable to own.
For more information, contact:
800-321-1987
www.quikstor.com
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Upcoming Events
Arizona Self Storage
Association
Regional Seminar
April 5, 2007
Verde Valley, AZ
Annual Conference/Tradeshow
May 8, 2007
Tempe, AZ
visit
www.azselfstorage.com for more information
Alabama Self Storage
Association
State Meeting
May 9, 2007
Mobile, AL
visit
www.alabamassa.org for more information
Mississippi Self Storage Owners
Association
Conference & Tradeshow
May 10-11, 2007
Bay St. Louis, MS
visit
www.msssoa.org for more information
Great Lakes Self Storage Expo
June 7-8, 2007
Hilton Hotel
Lisle, IL
visit
www.glss-expo.com for more information
List
your event for free...
alert@argus-realestate.com
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Amy
