Jared Jones, of Porthaven Partners in Tulsa, OK represented the Buyer of Southland Storage located at 4920 S. Braden Ave, Tulsa, OK. The storage facility sold on May 31, 2017 for $1,200,000. Southland Storage is a 16,185 rentable square foot facility located in Tulsa, OK, a top 55 MSA. This facility was acquired during construction by the Seller several years ago, and has consistently operated at an above market occupancy with sound management, marketing, and good facility amenities. The project is sited in a densely populated area with easy access to the highway systems, neighboring commercial RE developments, and surrounded by multiple apartment complexes.
The Buyer, a private investor and new entrant to the storage market, actively sought out the expertise of the local Argus Broker to leverage their self-storage asset knowledge and relationships in sourcing this off-market opportunity, guiding them through the evaluation of the property, underwriting the financial, and assisting in the successful execution of the acquisition.
Additionally, Mr. Jones represented the seller of Pryor Creek Self Storage in Pryor, OK. This 19,400 rentable square foot property sold in June 2017 offered significant upside to the buyer through occupancy increases and future expansion. The facility was acquired out of foreclosure several years ago and has been steadily increasing market occupancy while becoming a dominant player in the Pryor market due to sound management, marketing and good facility amenities.
Jared Jones is located in Tulsa, Oklahoma and is the Argus Self Storage Sales Network broker affiliate for the state of Oklahoma. He can be reached at 918-583-3483. 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.