Affiliates of the Argus Self Storage Sales Network, which has 36 broker affiliates in nearly 40 markets, brokered three self-storage sales in July.
Joan Lucas, of Joan Lucas Real Estate Services, and Ben Vestal, of the Argus Self Storage Sales Network, represented the seller of Denver Storage Solutions. The Denver facility sold on July 30 for $3.5 million. Denver Storage Solutions has 58,687 square feet of self-storage and 39,270 square feet of outdoor storage with a total of 544 units.
Jim Soltis, of Preview Properties.com, represented the buyer of Allstar Self Storage in Lansing, Mich. The 69,155-square-foot property sold for $2.1 million at a 10.9 percent cap rate.
Richard Minker and Tyler Trahant, of MinkerTrahant & Associates, represented the buyer of American Home Self Storage in Carrollton, Texas. The 44,321-square-foot property was purchased on July 30, by Metroplex Self Storage, which operates five self-storage facilities in the Dallas/Fort Worth area.
Based in Denver, Argus was formed in 1994 to assist self-storage owners and investors with their facility sales and purchases.