Granite Falls, MN
Home Run Public Storage in Granite Falls, Minnesota offers investors a great opportunity to own a self storage business with minimal immediate competition. With 2 locations in Granite Falls, Home Run Public Storage is well-established in the market, providing 57 units totaling 8,608 rentable square feet of drive-up self storage and 10,190 rentable square feet of heated warehouse space.
The facility’s drive-up units are consistently near 100% occupancy, allowing the new owner to capitalize on the demand through expansion. There is room to build at the Highway 212 location by way of ground up development or a conversion of additional units in the heated warehouse space. 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.