Sauls Storage Group, the Argus Self Storage Advisor broker affiliates covering the state of Georgia have had two recent closings, A Quality Storage in Douglasville, GA and Sunset Storage in Jesup, GA. They have managed to complete these deals in spite of the COVID related challenges every industry has experienced this year.

A Quality Storage on Fairburn Road consists of over 28,000 square feet of storage and 8,000 square feet of retail space with room for expansion. The buyer was traditionally a “multi-family investor” but has crossed-over to the storage asset class. The attraction to this asset class continues to be its resilience in various economic conditions, the minimum plumbing fixtures, and an easier eviction process. A Quality Storage will now be managed by a third-party management company and the facility will continue to offer rental trucks.

Sauls Storage Group, LLC and Weaver Realty Group, Inc. joined forces to successfully sell the Sunset Storage Portfolio in Jesup, GA. This value-add transaction was purchased by an independent investor with an existing understanding of marketing and operations for a self-storage portfolio. These three facilities offer a combined total of 420 units and 48,000+ square feet of climate and non-climate self-storage units.

Argus Broker Affiliates are seeing that the buyer appetite is holding strong, whether it’s in a market similar to Douglasville with over 43,000 people in three miles or the Jesup portfolio with approximately 10,000 people in a three mile radius. It continues to be clear that the self-storage industry is doing better than most commercial real estate. Sauls Storage Group welcomes your call to discuss what strategy and timing would maximize your asset portfolio valuations.