New Richland, MN
$675,000
New Richland Storage is a high-performing, two-facility self-storage portfolio in New Richland, MN, comprising 76 units and 13,500 rentable square feet. The portfolio is currently 96% occupied and effectively operating at capacity, generating strong, stable cash flow with minimal management oversight. Importantly, the property includes dedicated expansion land, offering a clear, near-term value-add opportunity to meet proven demand and drive incremental NOI through additional unit development.
The Highway 13 location features drive-up units, while the Broadway Avenue facility provides secure indoor units. Both facilities are managed and built for operational efficiency, with low-maintenance construction and enhanced security measures. Fully stabilized and supported by a diversified tenant base of residential, commercial, and seasonal users, New Richland Storage is a turnkey, income-producing investment with built-in upside through expansion.
