Alert on Self Storage

San Clemente, CA: $3,300,000; 22,760 RSF. Contact Broker Affiliate Clifford Crowe at 760-929-9700.
Las Vegas, NV: $4,975,000; 74,800 RSF. Contact Broker Affiliates Rod Harbaugh / Mike Hansell at 702-739-6222.
North Las Vegas, NV: $964,000; 25,480 RSF. Contact Broker Affiliates Rod Harbaugh / Mike Hansell at 702-739-6222.
Catoosa, OK: $700,000; 15,909 RSF. Contact Broker Affiliates Richard Minker / Tyler Trahant at 888-7-MINKER.
Tahlequah, OK: $2,200,000; 64,940 RSF. Contact Broker Affiliates Richard Minker / Tyler Trahant at 888-7-MINKER.
Tulsa, OK: $1,700,000; 32,920 RSF. Contact Broker Affiliates Richard Minker / Tyler Trahant at 888-7-MINKER.
Troutdale, OR: $1,600,000; Development Site. Contact Broker Affiliate Richard Arnold at 503-203-1911.
Lancaster, SC: $690,000; 20,450 RSF. Contact Broker Affiliate Dale Eisenman at 843-342-7650.
Weston, WI: $1,050,000; 28,420 RSF. Contact Broker Affiliate Peter Hitler at 262-236-0612.

Check out all of our Current Listings

Don't be left out in the cold! The Fall Special on www.selfstorage.com is underway. For just $99 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.
Did you know... Argus is the largest network of self storage brokers in the U.S.? At the recent ISS Expo in New Orleans, the Argus Self Storage Sales Network was the only brokerage firm exhibiting at the event. Put America's finest Self Storage Brokers to work for you today! 1-800-55-STORE.
Argus is proud to welcome new Broker Affiliate Barry Comiskey of Westar Commercial Realty in Lubbock, Texas. Barry will represent Argus in West Texas. Welcome aboard, Barry!
Do you get the Market Monitor? This is Argus' free print newsletter. It is chock full of great industry information, insightful articles and tons of great self storage listings. The last issue for 2003 will mail in early November. If you're an owner and not receiving your copy of the newsletter, please call us to verify your mailing address - 1-800-557-8673.

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New State Association Affiliation Program Announced - The Self Storage Association has revised the Self Storage Association affiliation program agreement. If you have any questions or need more information, please call the National SSA office at 703-921-9123 or visit the website at www.selfstorage.org.
Speaking of State Associations... Self storage professionals in North Carolina have started a state association. At the association's first annual meeting, Argus Broker Affiliate Dale C. Eisenman of Midcoast Properties, Inc. was elected to the Board.

Selling Self-Storage Seminar, New York City, December 5, 2003. Learn some great structures and techniques to help you rent to more people. For more information, go to www.sellingselfstorage.com.
ISS Expo, February 9-11, 2004 in Las Vegas. For more information or to register, visit the ISS website at www.insideselfstorage.com/expo.
SSA Spring Conference & Tradeshow, April 21-24, 2004 in Atlanta. For more information or to register, visit the SSA website at www.selfstorage.org.

Confusion continues in the Treasury market as analysts debate the impact of the latest round of economic reports, 3^rd quarter earnings and the growing U.S. deficit. The inability of the economy to produce new jobs mixed with positive 3^rd quarter earnings and concerns over the deficit have caused the 10-Year Treasury to trade within a wide range between 3.93% and 4.65% during just the past 30-days. This trading range has translated into a 72 basis points swing for self-storage owners who were in the process of financing their facilities. However, despite the recent volatility of the 10-Year Treasury, many analysts continue to predict a gradual increase in interest rates due to the improving economy. The good news is that a 10-year fixed rate loan today leveraged at 75% loan-to-value would have an interest rate of 5.85% and a low leverage loan request at 59% or less loan-to-value would have an interest rate of only 5.35%.

For more information or assistance contact Eric Snyder, Buchanan Storage Capital, at 1-800-675-1902 or via e-mail at eps@buchananstreet.com.

Congratulations to Argus Broker Affiliates

Richard Minker & Tyler Trahant

of Richard D. Minker Co.
on the sale of

The Space Place Storage Center
in Mt. Pleasant, TX!

~~~~~~~~~~~

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

Starzon, Inc. has 20 years of experience as a General Contractor. The company, based in the Washington, DC area, specializes in 1-Story to 5-Story metal buildings, design, layout, engineering, turnkey construction. Starzon will do small and large projects, as well as conversions and fire restoration. The company's market is primarily the East Coast, but will go National and International. Contact David Stefano at 703-644-0111 or via e-mail Dave@StarzonInc.com.

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proposals or request a bid on the Marketplace, post a question or discussion topic on the Forum.

The Worm Has Turned... Let's Just Hope It Is Slow! Read this intriguing article about interest rates and how they will affect the self storage industry. After a long time of low interest rates, the market may experience the upward rise in rates. This article was in the September Market Monitor, and because of its impact, it was the "Real Estate Roundup" column in the November issue of Inside Self Storage. Full Article (requires Adobe Acrobat Reader)

Interested in investing in Europe? We have had many requests recently about the European self storage market. At this time, Argus does not conduct business outside of the U.S. However, as a courtesy to a European self storage owner, we are attaching a brochure on a high quality property for sale in Manchester, England. More Info (requires Adobe Acrobat Reader)