Fall is a busy time in our industry, and with national and local tradeshow events taking place throughout the country, there's bound to be an opportunity in your area to meet with local self storage owners and vendors and pick up ideas and strategies for your business.  Not only that, but you'll be able to start cultivating some good relationships too!  Argus Broker Affiliates will be in attendance at many of these events to talk with you and answer any real estate questions you may have.  Check out our list of upcoming events below and see if there's an opportunity for you to get involved.

Amy

Amy Hitchingham is Vice President of the Argus Self Storage Sales Network.  She can be reached at 303-317-4232 or via e-mail at amy@argus-realestate.com.

New Argus Listings

• Andalusia, AL:  $981,900; 12,450 RSF.  Contact Broker Affiliates Bill Barnhill & Stuart LaGroue at 251-432-1287.

• Thornton, CO:  $2,500,000; 32,375 RSF.  Contact Broker Affiliate Joan Lucas at 720-855-6587.

• Delray Beach, FL:  $2,275,000; Development Site, 70,000 RSF Proposed.  Contact Broker Affiliate Stephen Rigl at 305-278-8400.

• Hobe Sound, FL:  $2,900,430; Development Site, 89,244 RSF Proposed.  Contact Broker Affiliate Stephen Rigl at 305-278-8400.

• Lantana, FL:  $3,470,600; Development Site, 99,160 RSF Proposed.  Contact Broker Affiliate Stephen Rigl at 305-278-8400.

• West Palm Beach, FL:  $4,504,825; Development Site, 138,610 RSF Proposed.  Contact Broker Affiliate Stephen Rigl at 305-278-8400.

• Albany, GA:  $975,000; 33,552 RSF.  Contact Broker Affiliate Dale C. Eisenman at 843-342-7650.

• Columbus, GA:  $925,000; 24,624 RSF.  Contact Broker Affiliate Dale C. Eisenman at 843-342-7650.

• Jonesboro, GA:  $1,100,000; 40,042 RSF.  Contact Broker Affiliate Dale C. Eisenman at 843-342-7650.

• Macon, GA:  $1,200,000; 26,962 RSF.  Contact Broker Affiliate Dale C. Eisenman at 843-342-7650.

• Villa Rica, GA:  $1,750,000; 16,400 RSF.  Contact Broker Affiliate Dale C. Eisenman at 843-342-7650.

• Warner Robbins, GA:  $675,000; 19,960 RSF.  Contact Broker Affiliate Dale C. Eisenman at 843-342-7650.

• Antioch, IL:  $2,000,000; 33,050 RSF.  Contact Broker Affiliate Bruce Bahrmasel at 312-518-3550.

• Alexandria, LA:  $4,500,000; 62,160 RSF.  Contact Broker Affiliate Jon Cerruti at 504-366-6800.

• Kiln, MS:  $515,000; 31,660 RSF.  Contact Broker Affiliates Bill Barnhill & Stuart LaGroue at 251-432-1287.

• Belgrade, MT:  $750,000; 13,000 RSF.  Contact Broker Affiliate Larry Hayes at 406-728-0088.

• Charlotte, NC:  $2,395,000; 53,298 RSF.  Contact Broker Affiliate Dale C. Eisenman at 843-342-7650.

• Oxford, NC:  $650,000; 16,000 RSF.  Contact Broker Affiliate Dale C. Eisenman at 843-342-7650.

• Artesia, NM:  $579,700; 16,750 RSF.  Contact Broker Affiliate David Laney at 505-286-2060.

• Ferris, TX:  $1,200,000; 47,990 RSF.  Contact Broker Affiliates Richard Minker & Tyler Trahant at 888-764-6537.

• Gun Barrel City, TX:  $800,000; 31,415 RSF.  Contact Broker Affiliates Richard Minker & Tyler Trahant at 888-764-6537.

• Seagoville, TX:  $1,015,000; 54,910 RSF.  Contact Broker Affiliates Richard Minker & Tyler Trahant at 888-764-6537.

• Terrell, TX:  $2,200,000; 38,700 RSF.  Contact Broker Affiliates Richard Minker & Tyler Trahant at 888-764-6537.

• Ellensburg, WA: $700,000; 10,223 RSF.  Contact Broker Affiliate Ryan Layton at 509-435-2424.

• Ellensburg, WA: $950,000; 15,709 RSF.  Contact Broker Affiliate Ryan Layton at 509-435-2424.

To view information on all of our nationwide self storage listings Click Here

Property Pick

Fort Worth, TX
$5,400,000

• Rentable SF: 76,450

• Units: 645

• Land Area: 4.389 acres
   

• Class A facility with climate controlled units

• Excellent location with great visibility

• High occupancy

• On-site post office

For more information on this opportunity,
please contact Argus Broker Affiliates
Tyler Trahant and Richard Minker at
888-764-6537 or send an
Email Request

Argus News

We are pleased to welcome our newest Broker Affiliates to the Argus Self Storage Sales Network! 

Kevin Verhoven, CCIM of The Gibson Company is a native of Lexington, KY and a 1992 graduate of the University of Kentucky.  His knowledge of the area, attention to detail, and commitment to his clients make Kevin a valuable asset to the Argus Self Storage Sales Network.  Kevin's areas of expertise include commercial leasing and sales, property management and self storage.  He will represent Argus in Kentucky and can be reached at 859-224-8833.

Stephen Balfour, of Commerce CRG in Las Vegas, NV, has been active in the real estate industry as both developer and broker for over 20 years.  Stephen successfully controlled marketing of hospitality assets valued at $80 million.  Previous assignments also included land assembles valued at $18 million.   His current commercial practice focuses on self storage as well as industrial sales and leasing in Las Vegas and he is the Argus Self Storage Sales Network representative for Nevada.  Stephen can be reached at 702-688-6935.

Financing Focus
by Steve Clifford
NorthMarq Capital, Inc.

The lending environment continues to be challenging as we reach the end of summer, just over one year from the start of the sub prime meltdown and the negative implications on the commercial arena.  With CMBS product priced out of the market, life companies and banks are the primary source for first mortgage financing for acquisition and refinancing of commercial property.  With the majority of life company business being done on larger, lower leverage transactions in major metropolitan areas, a good portion of our loan requests are being presented to banks (both local and national) as well as a limited number of small life companies that have the appetite for smaller, higher leverage requests. 

The overwhelming sentiment in today’s market is more stringent underwriting requirements particularly as it relates to the sponsor (borrower’s) net worth, liquidity and global cash flow.  Given the constrained debt markets, lenders are applying much more scrutiny in understanding their borrower’s refinance and interest rate exposure on real estate portfolios.  This scrutiny is an attempt to mitigate the risk these exposures bring to the deterioration of a borrower / guarantor’s financial strength. 

Pricing in today’s market continues to be competitive on a historical basis.  With Life Company debt pricing in the range of 225 to 275 basis points over the 10 Year Treasury, borrowers that fit within the life company box are finding competitive rates of 6.0% to 6.50%.  Banks, which typically provide shorter term fixed rate periods up to five years are in the same 6.0% to 6.5% range but unlike life companies are typically requiring full recourse from a strong guarantor.

NorthMarq Capital, Inc., a national real estate investment banker headquartered in Minneapolis with 28 regional offices coast-to-coast, provides commercial real estate debt and equity financing and commercial loan servicing. NorthMarq Capital provides more than $13 billion in annual production volume and services a loan portfolio of more than $34 billion. NorthMarq also provides real estate investment consulting services for public and private clients nationally through its consulting group, NorthMarq Advisors, LLC.  Steve Clifford, Assistant Vice President, can be reached at 303-225-2100.  For more information, visit www.northmarq.com.