Argus Broker Affiliate Linda Cinelli, CCIM of LC Realty represented the seller of Bell Tower Mini Storage in Haledon, NJ. A building that once served as the Kossuth Street School, the property was built in 1894 and converted to self-storage in 1980. The original bell that was rung to call the children to school still sits atop the building. The self-storage facility offers 17,224 RSF and sold on November 15, 2013 for $750,000. While the transaction faced delays due to property conditions that needed to be repaired after Hurricane Sandy, there was cooperation between all parties and the sale was accomplished. The buyer is an experienced operator and was attracted to the aggressive cap rate that this transaction provided. Cinelli is the Argus Self Storage Sales Network broker affiliate for the Northern New Jersey and NYC/Long Island markets.
About The Argus Self Storage Sales Network
Based in Denver, Colorado, the Argus Self Storage Sales Network (ASSSN) was formed in 1994 to assist owners and investors of self storage. 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.]]>