Spokane, WA– Ryan Layton, of American Real Estate Associates, has arranged the sale of Monark Self Storage in Medical Lake, Washington. The sale closed August 31st, 2021 and sold for $5,000,000. The facility consists of 59,840 rentable square feet of storage totaling to 334 units, which are 95% occupied, and there is also room for future expansion. American Real Estate Associates, Inc. represented both the buyer and seller.
Ryan Layton is the Washington Broker Affiliate for Argus Self Storage Advisors and specializes in self-storage investment properties. Ryan can be reached at 509-435-2424.
Based in Denver, Colorado, 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. Now the largest self-storage brokerage network in the United States, Argus 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.