- Onsite Resident Manager
- Located close to Maxwell Air Force Base
- Additional land available for purchase
- Superior 1,600 SF Manager's Suite
For more information on this
property,
please call Argus Broker Affiliates
Bill Barnhill or Stuart LaGroue
1-888-801-4534
Or send an Email
Request
New
Argus Listings
-
Montgomery,
AL: $2,530,000;
69,006 RSF. Contact Broker Affiliates Bill Barnhill or Shannon Barnhill at 888-801-4534.
-
Pine Bluff,
AR: $300,000; 5,800
RSF. Contact Broker Affiliate Mike Procter at 405-503-9055.
-
Montrose,
CO: $4.200,000; 51,000 RSF. Contact Broker Affiliate Joan Lucas at 720-855-6587.
-
Parsons, KS: $600,000; 16,500 RSF. Contact
Broker Affiliate Larry Goldman at 816-931-3101.
-
Duncan,
OK: $1,350,000;
51,626 RSF. Contact Broker Affiliates Richard Minker,
Walter Owen or Dick Myers at 888-7-MINKER.
-
Grove, OK: $2,250,000; 71,736 RSF. Contact
Broker Affiliate Larry Goldman at 816-931-3101.
-
Lubbock,
TX: $875,000; 50,170
RSF. Contact Broker Affiliates Barry Comiskey
or John Owens at 806-797-3231.
Check
out all of our
Current
Listings
Argus News
New
Broker Affiliates Join Argus
The Argus
Self Storage Sales Network is pleased to welcome its new Broker Affiliates:
 Malcolm MacLeod of The Huntington Group in
Palm Beach, Florida. Malcolm represents Argus in South Florida.
Contact Malcolm at
561-655-8065 or via e-mail.
Mike
Procter of JR Fulton
& Associates in Oklahoma City, Oklahoma. Mike represents Argus in
Arkansas. Contact Mike at 405-503-9055 or
via e-mail.
 Dustin Whitehead of Prudential One Realty Centre in
Waterloo, Iowa. Dustin represents Argus in
Iowa.
Contact Dustin at
319-961-6545 or via e-mail.
Visit Argus at the ISS Expo in
Miami!
Come by booth #323 to see all of our
self storage listings. The exhibit hall will be open:
12:00—5:00 p.m. on Friday, October 28th
1:00—4:00 p.m. on Saturday, October 29th
To register, go to www.insideselfstorage.com/expo
“Insights
from the Experts” Teleconference Series
Self Storage Owners… don’t miss the next national
teleconference hosted by Argus. This free teleconference will be held
on November 9th and again on November 14th. Both calls will be at 2:00 EST. Mark your calendar!
Watch
for teleconference details and reservation instructions in your next Market
Monitor.
Financing Focus
Capital
Markets Update:
Hopefully you are in the market for long-term fixed rate financing, because
now is still an excellent time to obtain a historically low rate. The
10-Year Treasury yield hit a high mark of over 4.50% about one month ago and
most experts thought we were finally on the road to persistently increasing
Treasuries. However, that did not happen due in part to the economic
effects of Katrina. The 10-Year Treasury briefly fell just below 4.00%
recently and is now hovering around 4.25%.
We may
well have a reprieve in Treasury yield increases as we sort out the
implications of Katrina though the overwhelming consensus is that Katrina
will result in an inflationary event for our economy. Oil, construction
materials and the federal monetary contribution to Katrina will all
contribute to inflationary pressures. The Fed’s Risk Management Policy
has shown more of a bias towards managing inflation than a slowing
economy. Therefore, it is the consensus of many analysts that the Fed’s
will continue to increase short-term rates, which will ultimately translate
to higher long-term rates as well.
As it
relates to underwriting criteria, many lenders are even more aggressive today
than they were 6 months ago. Lenders are feverishly focused on
originating product to hit year end goals. Consequently, we are seeing
lenders underwrite as little as one month of income annualized, providing
interest only periods for the entire 10-year loan term on low leverage assets,
and allowing letters of credit to be posted for the difference between
today’s “lease up” occupancy and a future “stabilized” occupancy.
With
the 10-Year Treasury yield slipping again recently and the aggressive
underwriting available in the market today, it is still an excellent time to
finance your self storage facility.
Eric
Snyder and Jim Davies, Principals at Buchanan Storage Capital can be reached
at 800-675-1902. Visit their website at www.buchananstoragecapital.com.
Industry
Insights
Public Storage
Urges Shurgard Board of Directors to Reconsider
Merger. In a letter to Shurgard Directors, Public Storage has asked Shurgard to reconsider its position. After Public
Storage made its inital offer in July 2005, Shurgard informed its shareholders and Public Storage
that the company was "not for sale." Public Storage has met
with some Shurgard shareholders who feel that a
merger between the companies would be beneficial. Full Press Release
The
Hampshire Companies Announces Sale of Three Storage Facilities. The Company announced that it
would sell its self storage facilities in Fort Lee, Union and Watchung
New Jersey. The Dahn
Corp. purchased the facilities, adding to its already owned 90 self storage
facilities nationwide. The sale price of the three facilities was $38.3
million. The facilities were managed under the Storage Post or the
Storage USA brand, but each facility will be re-branded by The Dahn Corp. under their flagship Mini-U-Storage.
Full
Press Release
|
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Vendor View
"The
Leader in Storage
Facility Auctions"
StorageAuctionsUSA.com is America's premier storage auction expert with over 250
satisfied storage facilities throughout the U.S. currently using their services. Their staff
of experienced auctioneers and marketers guarantees the highest possible net
return to the storage facility on auction day. Regardless of the size
of your business, they offer the same dependable service they have been
providing to their clients for more than 28 years. The auction team has
over 135 years of auction experience! Over the years they have
developed a loyal following of many thousands of buyers while conducting
auctions of more than 10,000 storage units annually.
Contact StorageAuctionsUSA.com and turn delinquent units into paying
customers! Contact:
Justin
Manning
1-800-521-0111
info@StorageAuctionsUSA.com
www.StorageAuctionsUSA.com
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Self
Storage Solutions
National
SSA Office is Moving
National
SSA Headquarters is moving in October. The office will be closed on
Friday, October 7th and Monday, October 10th. As of October 10th, their
new contact information will be:
Self
Storage Association
1900 North Beauregard Street
Suite 110
Alexandria, VA 22311
703-575-8000 Phone
703-575-8901
Fax
888-735-3784
Toll Free
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Upcoming Events
October 13-14, 2005
California Self Storage
Association
Annual Conference & Expo
Grand Hyatt Union Square
San
Francisco, CA
310-451-7774
www.cssaweb.com
October 20, 2005
First Annual Arkansas Self Storage
Association Expo
Statehouse Convention Center
Little
Rock,
AR
info@arssa.org
October 26-29, 2005
ISS Expo
Hyatt Regency
Miami, FL
www.insideselfstorage.com/expo
“The Building Blocks of Self Storage”
Trachte Building Systems
Free Informational Seminar
November 9, 2005—Marlborough, MA
January 12, 2006—Detroit, MI
January 17, 2006—San Antonio, TX
January 19, 2006—Orlando, FL
January 24, 2006—Seattle, WA
Call 1-800-356-5824
or visit online
www.trachte.com/seminars
List
your event for free...
alert@argus-realestate.com
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