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Argus Self Storage Sales Network and EquiCap Commercial Sell Tennessee-Based Self Storage Portfolio

Argus Self Storage Sales Network and EquiCap Commercial Sell Tennessee-Based Self Storage Portfolio
Posted: 2/20/2018 Link: REJournals.com
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EquiCap Commercial, acting as co-broker with Grisanti Group of the Argus Self Storage Network, recently closed the sale of the East Hickman Self Storage portfolio in Lyles, Tennessee.

This deal represents an off-market transaction, where the seller was looking to access the equity in the facility as a means of leveraging into a larger operation.

EquiCap Commercial previously sold this property to the current seller for $1.65 million in July of 2016. The owner then sold it for $2.72 million, resulting in $1.07 million in equity in just 18 months. 

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