Joan Lucas, of Joan Lucas Real Estate Services in Denver, CO represented the seller of Best Bargain Storage in Commerce City, CO and Buckley Bargain Storage in Aurora, CO. The portfolio was comprised of three locations totaling 103,060 rentable square feet and sold on June 8, 2017 for $9,900,000. Joan Lucas sold these assets to Bargain Storage five years ago. The seller had a strong management team in place, made good improvements to the properties, and greatly increased revenues. When the seller decided to sell, Ms. Lucas underwrote the assets and offered the properties as a package. World Class Capital stepped up to the plate and made a very aggressive offer as they recognized the potential upside available with some additional improvements and management efficiencies.
Joan Lucas is located in Denver, Colorado and is the Argus Self Storage Sales Network broker affiliate for the state of Colorado. She can be reached at 720-855-6587. 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 Argus-SelfStorage.com.