Author: vickiehorrocks
Argus Broker Affiliate Announces Sale of Oklahoma Self Storage Facility
Jared Jones, CCIM, is pleased to announce the sale of Bowman Storage, located in Lawton, OK. Bowman Storage is a stabilized 98,000 rentable square foot storage facility that was sold by the original developer to a local, private Buyer. The property has significant upside available through increased focus on revenue management strategies and capital improvements. The Buyer was seeking a value-add opportunity they could improve by leveraging upgrading operations and utilizing scale within the local market. The deal was evident of a common theme of storage investors seeking value in secondary and tertiary markets. Jared Jones, CCIM is located in ... Read more