Jared Jones, of Jones Investment Properties in Tulsa, OK represented the buyer of 51st Street Storage located at 4512 E. 51st Street. The storage facility sold on March 2, 2018. 51st Street Storage is a 53,250 rentable square foot, mixed use storage facility located in Tulsa, OK, a top 55 MSA. This facility has consistently operated at above-market occupancy with sound management, marketing, and good facility amenities. This in-fill, value add project is situated in a densely populated area with easy access to the highway systems, neighboring commercial real estate developments, and is surrounded by multiple apartment complexes. The buyer plans to expand the property on additional land included in the transaction and add climate control to the existing unit mix offering.
The buyer, a private investor, and new entrant to the storage market, actively sought out the expertise of the local Argus Self Storage Broker to leverage their self storage asset knowledge and relationships in sourcing this off-market opportunity.
Jared Jones is located in Tulsa, Oklahoma and is the Argus Self Storage Sales Network broker affiliate for Oklahoma. He can be reached at 918-609-0541. 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.