David Etzold, of Etzold & CO represented the sellers of AAA Mini Storage, located on FM 700 in Big Spring, TX, a rural community northeast of Midland, TX. The 73,176 SF property sold on June 15, 2016 at a mid-8% cap rate, indicating that these rural Texas markets are not experiencing a negative “oil bubble” effect. The property was purchased by Antioch Storage, LLC, an Illinois-based investor seeking a 1031 Exchange, who will continue operations locally.
David Etzold is the West Texas representative for the Argus Self Storage Sales Network and he can be reached at 915-845-6006 or firstname.lastname@example.org. Based in Denver, Colorado, the Argus Self Storage Sales Network (ASSSN) was formed in 1994 to assist owners and investors of self-storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self storage and income property investments. Now the largest self storage brokerage network in the United States, the ASSSN has 36 Broker Affiliates covering nearly 40 markets. These brokers are able to meet the needs of self storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55-STORE or visit www.argus-selfstorage.com.