SOLD
Fargo, ND
Mini Stor All
$3,000,000
399 Units
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SOLD
Fargo, ND
Mini Stor All
$3,000,000
399 Units
Mini Stor All is a great opportunity to purchase a well located, value-add self storage business. The facility is situated in Fargo, ND, with over 200,000 people in the 5-mile radius. Mini Stor All has visibility to over 19,000 vehicles per day and is well positioned to serve the growing area. The facility sits on 4.29 acres with room for expansion through development, portable containers or outdoor parking storage. The property is fenced with a manual gate.
Mini Stor All consists of 42,034 rentable square feet and 399 units of self storage. There is a retail space of 7,850 square feet that has had a consistent tenant for over 10 years. Additionally, there are 13 leased commercial spaces with substantial room to increase rent. This facility has tremendous potential to capitalize on the lack of operational systems and revenue management.
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SOLD
Oronoco, MN
Oronoco Self Storage
$2,800,000
167 Units
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SOLD
Oronoco, MN
Oronoco Self Storage
$2,800,000
167 Units
Oronoco Self Storage offers investors a great opportunity to own a high quality self storage facility in an affluent and growing market. The facility provides 38,074 rentable square feet with city approval to build three buildings that would add 20,800 rentable square feet. The land is prepped and ponding has been completed to accommodate additional buildings. Oronoco Self Storage is located right off of Highway 52 with visibility to over 30,000 cars per day. The property is asphalt paved and has a recently completed fence and gate system.
The facility is currently being operated by an owner without self storage management experience. While the quality of the facility is fantastic, the lack of management experience on behalf of the owner has resulted in poor revenue and occupancy management. This opportunity allows the new owner to implement a revenue management system, improve the online presence, and offer tenant insurance to improve profitability.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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SOLD
West Burlington, IA
CP’s Stor It
$550,000
100 Units
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SOLD
West Burlington, IA
CP’s Stor It
$550,000
100 Units
CP’s Stor It in West Burlington, Iowa is a fantastic opportunity for an investor to own a self storage facility with the ability to add value through improved operations and expansion. The property consists of 100 units of drive-up self storage totaling 16,064 rentable square feet. There are 20 parking spaces and an on-site office which houses the security system. This value-add opportunity allows the new owner to implement streamlined management, improve the online presence, and grow rent rates and ancillary revenue sources.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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SOLD
Sioux City, IA
Fully Entitled Conversion Opportunity
$1,250,000
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SOLD
Sioux City, IA
Fully Entitled Conversion Opportunity
$1,250,000
Phenomenal redevelopment opportunity in downtown Sioux City, Iowa on historic 4th Street. The building site is on three parcels totaling 1.04 acres and contains 57,500 +/- GSF for a self-storage conversion. The current owner received approval for self-storage as a conditional use in the summer of 2022. Additionally, the property is located in an Opportunity Zone and adjacent to a brand new multifamily complex.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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SOLD
Central MN
HB Mini Storage Portfolio
1,463 Units
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SOLD
Central MN
HB Mini Storage Portfolio
1,463 Units
The sale of HB Mini Storage Portfolio offers a great opportunity for a sophisticated operator to acquire six stabilized self storage locations in Central Minnesota. HB Mini Storage offers 1,463 units and 266,602 rentable square feet of self storage to Willmar, Alexandria and Redwood Falls, Minnesota. Willmar and Alexandria are less than a 1 hour drive from the St. Cloud, MN MSA while Redwood Falls and Wilmar are both less than a 90 minute drive from the Minneapolis St. Paul MSA.
The facilities were built for remote management with fences, gate systems and 24-hour rental kiosks. The current owners have taken pride in ownership in building and maintaining the highest quality facilities in the area. As a result, they have enjoyed 92-96% occupancy with very little turnover.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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SOLD
Osceola, IA
Osceola Self Storage
46 Units
Osceola Self Storage is a great opportunity to own an all-steel facility located right off of Highway 34 and Interstate 35 in the heart of Osceola, IA. The property consists of 46 units totaling 6,864 rentable square feet. The current owner added all new lights to the exterior of the facility this past year. This value-add opportunity allows the new owner to implement streamlined management, improve the online presence, and grow rent rates and ancillary revenue sources.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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SOLD
Keewatin, MN
Olson Mini Storage
53 Units
Olson Mini Storage presents a great opportunity to purchase a value-add self storage facility with room to expand. The facility has been consistently full despite no advertising spend or online presence. Olson Mini Storage sits on 1.68 acres in an undersupplied market. An experienced operator can purchase this facility below replacement cost and streamline operations to drive value. This can be done through rent rate increases, expansion, and implementing a software and revenue management system.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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SOLD
Clinton, IA
Store It America
282 Units
Store It America, located off of Iowa Highway 136, provides 44,700 rentable square feet of drive-up storage to the Clinton, Iowa market. The facility also offers 29 units of outdoor parking and storage with 24 units of parking in-place. There is ample land included to expand upon or add more units of outdoor storage.
In June 2022, current ownership completed a 4,800 square foot expansion. The site is equipped with 24 security cameras and LED exterior lighting. There is an on-site office with a unisex bathroom.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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SOLD
Des Moines, IA
CubeSmart Self Storage (3rd Party Managed)
688 Units
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SOLD
Des Moines, IA
CubeSmart Self Storage (3rd Party Managed)
688 Units
This brand new, CubeSmart managed facility opened in November of 2021 and provides 68,350 rentable square feet of climate-controlled self-storage to the growing Des Moines market. The property was converted from a Gordmans department store to a state-of-the-art self storage facility offering customers all first floor units and two drive-in bays for easy access. The site has an office and bathroom and can be accessed using the CubeSmart app.
The Des Moines MSA has a contiguous population of 719,146, experiencing an 18.6% increase from 2010 to 2021. DSM is the fastest growing major Midwest metro in percentage of population growth. Des Moines is home to many major employers such as Hy-Vee, Principal Financial and Wells Fargo. These companies serve as great anchors for the community and spur economic and population growth in the area. Other major employers include Meredith Corp, Nationwide Insurance and John Deere.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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SOLD
Madison, MN
Madison Southside Storage
$450,000
77 Units
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SOLD
Madison, MN
Madison Southside Storage
$450,000
77 Units
Southside Storage in Madison, Minnesota offers investors a great opportunity to own a self-storage business with no immediate competition. The facility currently operates at an economic occupancy below 50%, allowing the new owner to bring rental rates to the market level and drive value. The current owner built a brand-new building in May of 2023.
With two locations in Madison, Southside Storage is well-established in the market providing 77 units totaling 13,940 rentable square feet of drive-up self-storage. This offering is priced below the cost to build at $32 per square foot and provides a great opportunity for an entrepreneur to improve operations to create long-term value.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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SOLD
Delano, MN
StoreYour Self Storage
$1,850,000
177 Units
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SOLD
Delano, MN
StoreYour Self Storage
$1,850,000
177 Units
StoreYour Self Storage is a great opportunity to purchase a well located, value-add self storage business. The facility is situated in Delano, MN, an outer suburb of the Twin Cities MSA with strong demographics. StoreYour Self Storage has visibility to over 12,000 vehicles per day and is well positioned to serve the growing area. The property is completely fenced with a gate and keypad access system.
StoreYour Self Storage consists of 26,812 rentable square feet and 177 units of self storage. There is a bulk storage building used for vehicle and boat storage which could also be converted. Additionally, there are five leased commercial spaces and a 100 square foot office that houses the security camera system.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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