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Fall is a busy time in our
industry, and with national and local tradeshow events taking place throughout
the country, there's bound to be an opportunity in your area to meet with
local self storage owners and vendors and pick up ideas and strategies for
your business. Not only that, but you'll be able to start
cultivating some good
relationships too! Argus Broker Affiliates will be in attendance at
many of these events to talk with you and answer any real estate questions
you may have. Check out our list of upcoming events below and
see if there's an opportunity for you to get involved!
Amy Hitchingham
is Vice President of the Argus Self Storage Sales Network. She can be
reached at 303-317-4232 or via e-mail at
amy@argus-realestate.com.
New Argus Listings
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Pine Bluff, AR: Call Broker for
Price; 5,800 RSF. Contact Broker Affiliate
Mike Procter at 405-503-9055.
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Gravette,
AR: $1,120,000;
34,500 RSF. Contact Broker Affiliate
Larry Goldman at 816-931-3101.
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Corning, CA: $800,000;
37,650 RSF. Contact Broker Affiliate
Jim Ramsay at
530-221-9672.
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Red Bluff, CA: $1,900,000;
42,100 RSF. Contact Broker Affiliate
Jim Ramsay at
530-221-9672.
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Fountain,
CO: $6,400,000;
72,400 RSF. Contact Broker Affiliate
Joan Lucas at 720-855-6587.
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Mead, CO: $1,250,000;
Development Site 58,500 RSF. Contact Broker Affiliate
Joan Lucas at 720-855-6587.
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Waterbury,
CT: $1,200,000;
Development Site 52,000 RSF. Contact Broker Affiliate
Guy
Blake at 845-338-5000.
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Nahunta,
GA: $750,000;
12,250 RSF. Contact Broker Affiliate
Dale C. Eisenman at 843-342-7650.
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St.
Mary's, GA: $2,750,000;
50,500 RSF. Contact Broker Affiliate
Dale C. Eisenman at 843-342-7650.
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Post
Falls, ID: $1,300,000;
20,050 RSF. Contact Broker Affiliate
Ryan
Layton at 509-435-2424.
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Sandwich, IL: $1,675,000;
42,780 RSF. Contact Broker Affiliate
Bruce
Bahrmasel at 312-518-3550.
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Joplin, MO: $850,000;
53,136 RSF. Contact Broker Affiliate
Larry Goldman at 816-931-3101.
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St. Charles, MO: $1,500,000;
RV Storage 5,700 RSF. Contact Broker Affiliate
Sheldon Johnson at 314-862-3000.
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St. Joseph, MO: $780,000;
19,975 RSF. Contact Broker Affiliate
Larry Goldman at 816-931-3101.
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Salisbury, NC: $1,750,000; 29,755 RSF Contact Broker
Affiliate
Dale C. Eisenman at 843-342-7650.
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Keansburg, NJ: $875,000; 7,050 RSF. Contact Broker Affiliate
Linda Cinelli at 908-722-5661.
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Albuquerque, NM: $800,000; 23,830 RSF. Contact Broker Affiliate
David Laney at 505-286-2060.
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Rio Rancho, NM: $3,950,000; 69,400 RSF. Contact Broker Affiliate
David Laney at 505-286-2060.
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Pendleton,
OR: $1,495,000; 33,218 RSF. Contact Broker Affiliate
Richard Arnold at 503-693-2861.
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Bechtelsville, PA: $1,350,000; Conversion
Site 18,850 RSF. Contact Broker Affiliate
Chuck Shields at 610-828-0100.
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Sioux Falls, SD: $3,550,000; 74,301 RSF. Contact Broker Affiliate
Pat Jordan at 612-827-3844.
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Fort
Worth, TX:
$5,400,000; 76,450 RSF. Contact Broker Affiliates
Richard Minker or Tyler Trahant at 817-335-5600.
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Spokane, WA:
$11,500,000; 2-Property Portfolio 141,530 RSF. Contact Broker Affiliate
Ryan
Layton at 509-435-2424.
To view information on all of our nationwide self storage listings
Click Here
Property
Pick
Sandwich, IL
$1,675,000
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Rentable SF: 42,780
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Units: 266
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Land Area: 10
Acres
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Year Opened:
1990
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Excellent investment
opportunity with tremendous upside!
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Over 5
commercial-zoned acres available for expansion
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Cell tower provides
additional income
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Good security with
full fencing, gate and security cameras
For more
information on this opportunity,
please contact Argus Broker Affiliate
Bruce Bahrmasel at
312-518-3550 or send an
Email Request
Financing Focus
by
Steve Clifford
NorthMarq Capital, Inc.
The past week has seen some movement in the
debt markets, with some lenders moving away from the sidelines, and spreads
coming down a bit. Treasuries are up, and overall rates are up by close to
20 basis points over last week. Inflationary concerns took a backseat
as the Fed cut rates by a wider than expected .50% this past Tuesday. The
move has injected some badly needed liquidity into Wall Street, and
investors have taken the move as a sign from Fed Chairman Ben Bernanke that
he is ready to use all tools at his disposal to keep the
US out of a recession.
Stocks shot up on the news, and the Dow Jones Industrial Average closed at
13,767 on Friday, up 404 points or 2.9% over Monday’s low. The stock
rally caused a run up in US Treasury yields as investors shed their
conservative investments and became less risk-averse. The benchmark 10 year
had fallen to a low yield of about 4.30% prior to the rate cut as investors
flocked to the safety of treasuries on concerns about liquidity and
recessionary pressures in the market. This week, treasuries have moved up
4.60%+ as investors have become more aggressive and unloaded the treasuries
they purchased leading up to the Fed’s meeting.
CMBS lenders have been back in the marketplace
recently, and seem to have become more comfortable at underwriting the risk
in deals. While most conduits are still only looking at more
straightforward deals, spreads on those deals have settled in the 190-210 bp
range for most asset types. Don’t expect miracles though, the more
conservative underwriting standards we’ve seen enacted in the past several
months are here to stay. Expect cap rates to inch upwards over the
next month or two as creative financing solutions disappear, and leveraged
buyers are unable to meet tightened cash flow coverage requirements at the
historically high asking prices we’ve seen.
NorthMarq Capital, Inc., a national real estate investment banker
headquartered in Minneapolis with 28 regional offices coast-to-coast,
provides commercial real estate debt and equity financing and commercial
loan servicing. NorthMarq Capital provides more than $13 billion in annual
production volume and services a loan portfolio of more than $34 billion.
NorthMarq also provides real estate investment consulting services for
public and private clients nationally through its consulting group,
NorthMarq Advisors, LLC. Steve Clifford, Assistant Vice President, can
be reached at 303-225-2100. For more information, visit
www.northmarq.com.
Argus News
We are proud to welcome
our newest Broker Affiliates to the
Argus Self Storage Sales Network!
Stephen Rigl,
of Orion Commercial Ltd. Corp. began his commercial real estate career in
Miami in 1984 and has
 extensive
experience in agency leasing, tenant representation, lease negotiations,
brokerage, property marketing, tenant improvements, administration and
property management. Steve joined Orion Commercial in 2007 and provides
tenant representation and landlord representation services to clients in
addition to a specialization in self storage. Steve represents Argus in
South Florida and he can be reached at 305-278-8400.
Kevin
Rosenthal
and
John Kremski
of Gates, D’Alessandro & Woodyard, LLC are located in Ft. Myers, Florida and
represent Ar gus
in West Central Florida. Kevin is a commercial leasing and
investment sales specialist who
brings a wealth of knowledge to anyone interested in commercial land and
industrial property sales. Residing in Southwest Florida for over 15 years,
he understands the intricacies of local government, permitting, and
renovation and is well networked within the community which is an invaluable
asset to developers and investors alike. John
is a CCIM and specializes in industrial and investment
properties. John began his real estate career as an appraiser, and he
served as the Planning Director for City of Fort Myers. He has a Bachelors'
degree in Economics from the University of Michigan.
Kevin and John can be reached at 239-425-6000.
Marvin Birner
is a commercial and investment real estate
agent for Coldwell Banker Commercial NRT in P ittsburgh,
PA. He has completed all of the required courses for the CCIM Designation
and is presently working on his portfolio requirements. Marvin has a degree
in Business Administration with a major in Real Estate from Clarion
University. Assignments have included commercial sales, investment
properties, motels, land, industrial properties, leases and master leases.
He can assist clients in the analysis of their commercial or investment
properties. Marvin covers the Western Pennsylvania area for the Argus Self
Storage Sales network and can be reached at 412-403-9111.
Paul Blum, of RE/MAX Commercial
Investment in Scottsdale, AZ, has lived in Arizona since 1985 where he has
been involved in retail development and investment projects and currently
specializes in the brokerage of office condos. Paul earned his CCIM
designation in 2002 and is a member of the Board of Directors of the Central
Arizona CCIM chapter where he coordinates and moderates panel discussions at
the monthly chapter meetings. Paul represents Argus in the state of
Arizona and can be reached at 480-682-3170.
Industry Insights
Safeguard Self Storage Names New Chief Financial Officer
PR Newswire via Yahoo! Finance
Tue, 18 Sep 2007
7:01 AM PDT
Safeguard Self Storage, a national developer and operator of premium-branded
self storage facilities, has named Mark B. Rinder as Chief Financial
Officer.
Public Storage Selects Budget Truck Rental as Exclusive Third Party Provider
of Rental Trucks
PR Newswire via Yahoo! Finance
Mon, 17 Sep 2007
1:32 PM PDT
Budget Truck Rental, LLC announced today that it has been selected as the
exclusive third party provider of rental trucks by Public Storage®, the
world's largest owner and operator of self-storage facilities.
Sovran Self Storage Announces Common Stock Dividend Increase
Business Wire via Yahoo! Finance
Thu, 06 Sep 2007
1:05 PM PDT
BUFFALO, N.Y.----The Board of Directors of Sovran Self Storage, Inc.
, a self-storage real estate investment trust , announced today an
increase in its quarterly common stock dividend from $.62 per share to $.63
per share.
U-Store-It Declares Third Quarter 2007 Dividend
Marketwire via Yahoo! Finance
Tue, 14 Aug 2007
1:29 PM PDT
U-Store-It Trust, a self-administered and self-managed real estate
investment trust focused on self-storage facilities, announced that
its Board of Trustees declared a quarterly dividend of $0.29 per common
share for the period ending September 30, 2007.
U-Store-It Trust Announces Acquisition of 14 Self-Storage Facilities
and Resolution of Disputes With the Amsdell Family
Marketwire via Yahoo! Finance
Mon, 06 Aug 2007
5:33 PM PDT
U-Store-It Trust, a self-administered and self-managed real estate
investment trust focused on self-storage facilities and Amsdell &
Amsdell, jointly announced today that U-Store-It has executed an agreement
for the acquisition of 14 self-storage facilities for $121 million
and the resolution of disputes with the Amsdell Family, including settlement
of litigation with Rising Tide and members of ... |
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Argus Sales
Congratulations to:
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Joan Lucas
of Joan Lucas Real Estate Services, LLC. on the sale of A-1 Storage in
Lafayette, CO and a Development Site in Ft. Collins, CO!
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Dale C. Eisenman, CCIM
of Midcoast Properties, Inc. on the sale
of Augusta Ave. Self Storage in Waycross, GA and West Stanly Mini
Storage in Stanfield, NC!
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Herb Head of
Grisanti-Head Commercial Real Estate on the sale
of ABC Self Storage in Bowling Green, KY!
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Larry Goldman, CCIM of Prudential CRES
Commercial Real Estate on the sale
of Lee's Summit Mini Storage in Lee's Summit, MO!
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Larry Hayes of Hayes and Associates on the sale
of River Park Self Storage in Stevensville, MT!
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David Laney of Realstar Commercial Real
Estate on the sale
of Storage Storage at Rivers Edge in Rio Rancho, NM!
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Chuck Shields of Beacon Commercial Real
Estate on the sale
of Storage King in Blakeslee, PA!
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Mark Keys of
Cornerstone Realty on the sale
of Laguna Vista Self Storage in Laguna Vista, TX!
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Bill Barnhill and Stuart LaGroue of Omega
Properties, Inc. on the sale
of Madison County Self Storage in Ridgeland & Gluckstadt, MS!
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
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advertising agency. Our firm ensures the highest standard for excellence
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directories gives us the ability to negotiate the largest discount
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Increase Response: Our marketing and design experts create custom,
magazine style artwork separating you from your competitors. . . while
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Monitor Results: We set up tracking systems to measure and monitor
your Internet and Yellow Page campaign.
For more information visit www.ndmr.com or
call 800-315-3057
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Upcoming Events
Arkansas Self Storage Association
Annual Expo
October 10-11, 2007
Hot Springs, AR
visit www.arssa.org
for more information
Wisconsin Self Storage Association
Conference & Tradeshow
October 12, 2007
Wisconsin Dells, WI
visit
www.wiselfstorage.org for more information
Texas Self Storage Association
Conference & Tradeshow
October 14-17, 2007
Arlington, TX
visit www.txssa.org
for more information
Massachusetts Self Storage Association
Greater Northeastern Tradeshow
October 19, 2007
Framingham, MA
visit
www.maselfstorage.org for more information
Southern Self Storage
Convention & Tradeshow
AL, GA, NC, & SC
October 21-23, 2007
Myrtle Beach, SC
visit
www.ncssaonline.org for more information
Florida Self Storage Association
2007 Expo
October 31- November 2, 2007
Orlando, FL
visit
www.floridassa.org for more information
California Self Storage Association
4th Annual CSSA Conference
November 8-9, 2007
San Diego, CA
visit
www.cssaweb.com for more information
List
your event for free...
alert@argus-realestate.com
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