Mobile, AL - Argus Self Storage Advisors Stuart P. LaGroue, Sr. and Bill Barnhill, CCIM, represented the seller of Southern Storage, a 4 property self-storage portfolio, with 3 locations in Lucedale, MS, and one in Moss Point, MS. All four locations combined comprised 421 units (including non-climate and climate control units) encompassing 50,915 rentable square feet. The transaction closed on March 29, 2022, for $3,900,000 and was sold to MSU4301LE LP, a Delaware Limited Liability Partnership.
Bill and Stuart are the Gulf Coast region broker affiliates of Argus Self Storage Advisors. They can be reached at 251-432-1287. Based in Denver, Colorado, Argus Self Storage Advisors (Argus) 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 Argus network 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.
Pros and Cons of Self Storage SBA Loans vs. Traditional Loans
Decide wisely between SBA and traditional loans for your self-storage business. SBA offers lower down payments, but traditional loans provide lender reliability. Make informed investment choices for your storage facility.