Milbank, SD – A local operator expanding their self storage business has acquired Whetstone Storage, a 78-unit, 13,590 square foot facility in Milbank, South Dakota, offering both drive-up units and storage containers.
The facility serves the surrounding rural communities in Grant County, with a mix of unit sizes and waterproof storage options that support both residential and small business tenants. Positioned along US-12, the property benefits from consistent local demand and a manageable, streamlined operation.
The property sold for $390,000, reflecting a smooth transaction from listing to close and continued interest from owner-operators looking to grow their footprint in stable, secondary Upper Midwest markets.
The transaction was brokered by Nathan Gottlieb, Tom Flannigan, and Alex Ihrke of Area Storage Advisors, affiliates of Argus Self Storage Advisors, who represented the seller in the sale and procured the buyer.
“It’s great to see a facility like this land with a local operator who’s already invested in the business and ready to keep building on it,” said Gottlieb, who represented the Seller.
Based in Denver, Colorado, Argus Self Storage Advisors (Argus) 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 Argus network 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.
