Randy Ross of Coldwell Banker Commercial NRT brokered the sale of American Systems Mini Storage in Murray, Utah. The property sold on Feb. 20 for $2.73 million at an 8.7 percent cap rate. The facility comprises 58,599 rentable square feet on 3.48 acres. It has been in operation for more than 36 years and was acquired by Storage Depot Salt Lake.
Ross is an affiliate of Denver-based Argus Self Storage Sales Network, formed in 1994 to assist self-storage owners and investors in the sale and purchase of facilities. The company covers nearly 40 U.S. markets.