Argus Self Storage Advisors’ Stuart P. LaGroue Sr. and Bill Barnhill represented the sellers of Class A Storage, located in Elberta, Alabama, to A-Affordable Boat & RV Storage, a Texas company, which paid $1,855,000.
The facility has 98 climate-controlled units totaling 11,250 rentable square feet, and 37 open boat and RV parking spaces totaling 19,800 rentable square feet. The facility is on a 16.14-acre site. The deal closed on April 13. LaGroue Sr. and Barnhill are the Gulf Coast region broker affiliates of Denver, Colo.-based Argus Self Storage Advisors. The acreage of the facility allows the new owners opportunity to expand its boat and RV storage spaces.
LaGroue and Barnhill are the Gulf Coast region broker affiliates of Argus Self Storage Advisors. Argus Self Storage Advisors 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. The Argus network has 36 broker affiliates covering nearly 40 markets. For more information call 1-800-55-STORE or visit www.argus-selfstorage.com.