Forest Lake, MN – Tom Flannigan, Alex Ihrke, and Corly Wilkerson of KW Commercial Minneapolis, an affiliate of the Argus Self Storage Network represented the seller of A-1 Mini Storage in Forest Lake, Minnesota. The facility consists of 38,450 RSF and sold for $2,700,000 on April 24th, 2019. Located northeast of the Twin Cities Metro, A-1 Mini Storage is a well-situated facility with an opportunity to improve and expand operations.
The first phase of the ten-building complex was erected in 1997 with additional buildings added in 2007 and 2008. Revenue has grown consistently for several years and the property has been well maintained. The new owner of the facility will have the opportunity to add an on-site office and utilize the 15.5 acre site for additional mini storage buildings.
Tom Flannigan, Alex Ihrke, and Corly Wilkerson are the Argus Self Storage Sales Network broker affiliates representing the states of Minnesota, North Dakota and Iowa. They can be reached at 651-269-6307. Based in Denver, Colorado, the Argus Self Storage Sales Network (ASSSN) 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, the ASSSN 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.
