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Argus Broker Affiliates Sell Alabama Self Storage Porftolio

Posted: 9/11/2018
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Argus Self Storage Sales Network Broker Affiliates Bill Barnhill, CCIM, and Stuart P. LaGroue, Sr., of Omega Properties, Inc., represented the seller of South Hall Self Storage with two locations in the Birmingham, AL MSA (Irondale & Hoover). The properties sold on August 21, 2018 to New York-based Merit Hill Capital for an undisclosed price. The portfolio had a combined 191,309 of rentable square feet and 1,465 storage units. The units were a mix of climate control, regular storage and outside parking. In addition to the self storage units, there were 10 commercial office tenants comprising more than 5,000 square feet at the Hoover location.

Bill and Stuart are the Argus Self Storage Sales Network broker affiliates representing the Gulf Coast region. 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 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.

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