Jared Jones of Porthaven Partners in Tulsa, OK represented the buyer of a self storage development site in Arlington, TX. The development site is a 5.40-acre parcel located on Sublett Road, south of Interstate 20, between Highway 287 and Hwy 360 in Arlington, Texas. The original development plan called for a 122,000-gross square foot, multi-story facility. The area surrounding the site is densely populated and has easy access to the highway systems and neighboring commercial real estate developments. The three-mile trade area around the site has shown strong historical population and household income growth with these positive trends expected to continue.
The buyer, a private investment group with strong development experience, was excited about the opportunity to acquire this shovel-ready site in the Top 5 Dallas MSA. The Seller was an out of state private investor.
Jared Jones is located in Tulsa, Oklahoma and is the Argus Self Storage Sales Network broker affiliate for Oklahoma. He can be reached at 918-583-3483. 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.