ARGUS SELF STORAGE SALES NETWORK BROKER AFFILIATE SELLS 5-PROPERTY SELF STORAGE PORTFOLIO

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    argusJoey Godbold of Charlotte, NC based Percival Partners, LLC, along with Argus President Ben Vestal represented the seller of 5 self-storage properties in North Carolina (3) and South Carolina (2). The portfolio consisted of more than 2,400 units, 350,000 square feet and was third party managed by Extra Space Self-Storage. At the seller’s request, the portfolio was marketed to a select group of very well qualified buyers and was transacted off-market. After receiving several offers, the portfolio was sold on November 3, 2014 to a national self-storage REIT for more than $22,000,000.  The complex transaction included a CMBS loan assumption that took more than 6 months.   The success of this transaction was a result of Mr. Godbold’s local market knowledge and the national reach the Argus platform provides its clients.  Mr. Godbold represents Argus in the states of North and South Carolina and he can be reached at 704-632-1027 for more information. 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.]]>

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