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.