The Norman Transcript

Headlines

April 22, 2012

Firm buys local self-storage units

NORMAN — The $12,950,000 purchase of four Cleveland County self-storage unit complexes totaling more than 263,000 square feet of space closed this past week.

SecurCare Self Storage, a privately held company based in Colorado, purchased the A+ Mini Storage properties at 2430 12th Avenue NE (387 units), 1001 SW 19th Street in Moore (598 units), 4688 W. Main Street (421 units) and 2002 Research Park Boulevard (311 units).

The transaction also included leases for two cell towers. The sale was brokered by Domain Commercial’s Mica Alcorn and Charles Nicholson. Seller was Sassan K. Moghadam of Norman.

“The aesthetics, quality construction and strong economics created a very competitive environment and allowed us to show the portfolio and our market environment in an excellent light,” said Nicholson. “It was gratifying to see several well capitalized firms traveling to Oklahoma to see a unique product offering, with some of them considering investing in Oklahoma real estate for the first time.”

The 1,717 units were built by Precision Builders and were constructed and opened within the past ten years. All had onsite managers.

SecurCare, founded in 1988, has also purchased self storage units in the greater metropolitan Oklahoma City area. It has 140 storage facilities in 11 states.

The transaction was facilitated through First American Title Insurance Co. in Denver.

1
Text Only | Photo Reprints
Headlines
  • Coaches Luncheon Mixon question off-limits at coaches luncheon

    Toby Rowland addressed the elephant in the room even before Oklahoma football coach Bob Stoops, defensive coordinator Mike Stoops and offensive coordinator Josh Heupel arrived Wednesday at Journey Church....

    July 31, 2014 1 Photo

  • Mixon will not participate in practice

    Preseason practice begins for Oklahoma today. Freshman running back Joe Mixon will not be there. The school announced the decision Wednesday night....

    July 31, 2014

  • Nova Pettigrew Music community bands together to raise money for 2-year-old’s battle with rare form of cancer

    Two-year old Nova Pettigrew was diagnosed with a rare form of cancer six weeks ago. Her father, former Deli sound technician and musician James Pettigrew, noticed something was wrong when running turned to walking, then limping, then ...

    July 31, 2014 1 Photo

  • Deputies cleared, return to work

    Two deputies involved in a deadly shooting earlier this month are expected to return to work today after being cleared by the Cleveland County District Attorney’s Office. “They (the Sheriff’s Office) gave me their investigation, I ...

    July 31, 2014

  • Sales tax-free weekend set to begin this weekend

    When stores open Friday morning, shoppers may be waiting. Oklahoma’s annual sales tax holiday is slated to run this weekend with the special exemption beginning at 12:01 a.m. on Friday and ending at midnight on Sunday....

    July 31, 2014

  • India landslide kills 21

    NEW DELHI — Rescuers worked in rain today to dig through a remote village in western India where at least 21 people died as a landslide swept away scores of houses, possibly trapping many more people under debris, officials said....

    July 31, 2014

  • Israeli strike hits UN school

    GAZA CITY, Gaza Strip — Israeli artillery shells tore through the walls of a U.N. school crowded with sleeping war refugees and back-to-back explosions rocked a market filled with shoppers Wednesday as Israel’s stepped up campaign against ...

    July 31, 2014

  • Busted water main dumps 20 million gallons of water into UCLA’s Pauley Pavilion and adjacent garage

    LOS ANGELES — The rupture of a nearly century-old water main that ripped a 15-foot hole through Sunset Boulevard and turned a swath of the University of California, Los Angeles into a mucky mess points to the risks and expense many cities ...

    July 31, 2014

  • GOP-led House gives go-ahead for suit

    WASHINGTON — A sharply divided House approved a Republican plan Wednesday to launch a campaign-season lawsuit against President Barack Obama, accusing him of exceeding the bounds of his constitutional authority. Just a day before ...

    July 31, 2014

  • Felonies filed

    The following people were charged with felony counts in the Cleveland County Court Clerk’s Office: · Randall Lee Sherrill, 34, possession of juvenile pornography · Dewey Leon Kinsey, 37, possession of controlled dangerous ...

    July 31, 2014