Bill Barnhill, CCIM and Stuart P. LaGroue, Sr., of Omega Properties, Inc., recently closed multiple self storage transactions along the Gulf Coast. Climate Masters Self Storage is located in Saraland, AL, a suburb of Mobile. The property sold on November 16, 2016 to an out of state investor. Consisting of 361 climate controlled units, the property offers 46,750 rentable square feet and 20 outdoor boat and RV parking spaces. Bill and Stuart represented the seller in the transaction, which closed in the 6% cap rate range.
Additionally, Bill and Stuart represented the seller of American Mini Storage and Office Complex located in Port St. Joe, FL. The property sold on November 16, 2016 for $3,200,000. Offering 76,900 rentable square feet, this diverse property is comprised of 181 self storage units, 128 boat and RV units and 12 office suites with adjoining warehouse space.
Bill and Stuart are the Argus Self Storage Sales Network broker affiliates for Alabama, Mississippi and Louisiana and the Florida Panhandle. They can be reached at 251-432-1287. 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 38 Broker Affiliates covering nearly 40 markets and a total self storage transaction history of over $2 Billion. 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 Argus-SelfStorage.com.