NEW
Bismarck, ND
Bismarck Expressway Storage Development Site
$1,365,000
739 Proposed Units
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NEW
Bismarck, ND
Bismarck Expressway Storage Development Site
$1,365,000
739 Proposed Units
Situated at 2930 Vermont Avenue in Bismarck, ND, this fully-entitled self-storage development site presents an excellent investment opportunity. The current ownership has already completed boundary and topographic surveys, as well as Phase I and II environmental assessments and geotechnical studies. The site is permit-ready and poised to commence construction in Spring 2025.
The proposed facility will feature three levels and provide the Bismarck market with 739 climate-controlled storage units, totaling 92,938 rentable square feet. With robust rental rates and a limited supply of climate-controlled options, this site benefits from high visibility and easy access. Additionally, its proximity to various retailers offers a significant chance to tap into Bismarck’s densely populated market.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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NEW
Springfield, IL
CubeSmart Self Storage
$1,400,000
200 Units
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NEW
Springfield, IL
CubeSmart Self Storage
$1,400,000
200 Units
CubeSmart Self Storage is a new 14,765 RSF climate-controlled self storage conversion in Springfield, IL. Located at the intersection of two interstates. It is less than two miles from both I-55 and I-72.
The conversion was completed in Spring 2023 and has a current unit occupancy of 66% and an economic occupancy of 19%. A clean facility that is professionally managed by CubeSmart. Lease-up trajectory is strong and has steadily grown over the last year.
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NEW
Jourdanton, TX
Jourdanton’s Own Mini Storage
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82 Units
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NEW
Jourdanton, TX
Jourdanton’s Own Mini Storage
Call Broker for Price
82 Units
Jourdanton’s Own Mini Storage is a 15,465 square foot non-climate controlled facility located at 907 Simmons Ave in the center of Jourdanton, TX. The property was recently painted and has great curb appeal. Serving the Jourdanton and surrounding communities, the Jourdanton’s Own Mini Storage property has some room for further expansion. Currently, the property contains 82 total units with a small manager’s office.
The property currently is at 89% unit occupancy and 88% economic occupancy. The asking price for the property allows the owner to achieve a 1.28 debt service coverage ratio on standard financing for a deal of this size and location. The new buyer would be able to purchase this asset for less than $60 PSF.
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NEW
Rockford, MN
Westrock Storage & Shopping Center
$3,400,000
80 Units
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NEW
Rockford, MN
Westrock Storage & Shopping Center
$3,400,000
80 Units
Westrock Storage & Shopping Center presents an excellent opportunity to acquire a stabilized investment property with diverse income streams. The property features a fully-occupied self-storage business alongside leased commercial and retail spaces. It offers 12,700 square feet of climate-controlled self storage and 23,743 square feet of retail space. The current ownership is expanding the self storage units by an additional 480 square feet, expected to be completed by December 2024. The six retail tenants, all on long-term leases, generate over $20,000 in monthly income.
Additionally, the large parking lot provides potential for expansion or subdivision for further development. The property is also equipped with solar panels, which cover 7% of the electric utilities until June 30, 2040, with the option for lease extension. A loading door at the back of the storage space is available for tenant use. Seller would consider offers including 1 Acre outlot at $3.7 Million.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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NEW
Superior, WI
KO Storage of Superior Third Party Managed
708 Units
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NEW
Superior, WI
KO Storage of Superior Third Party Managed
708 Units
KO Storage (third-party managed) of Superior offers investors the opportunity to achieve market share in the densely populated city of Superior, Wisconsin. This portfolio includes 118,360 rentable square feet of drive up self storage between four locations. With consistently high occupancy, KO Storage of Superior has enjoyed strong revenue growth year over year.
Current ownership has made significant improvements to the portfolio’s curb appeal by spending roughly $350,000 on capital improvements over the last two and a half years. These projects include items such as adding security cameras, lighting, replacing doors and much more. With high physical occupancy and many tenants at below-market rates, this is an opportunity to capitalize on increasing rents and the ability to secure new tenants at higher street rates.
Broker of Record – Scott Knepper WI License #59011-90
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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NEW
Brighton & Evans, CO
ModBox Storage Portfolio
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1,058 Total Units Units
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NEW
Brighton & Evans, CO
ModBox Storage Portfolio
Call for Offers
1,058 Total Units Units
Offers Due: Thursday, December 5th
The ModBox two property portfolio in Brighton and Evans, CO consists of 122,980 RSF across 1,058 units. It is an attractive opportunity to invest in two facilities with strategic locations in growing markets. This portfolio offers investors a stable cash flow and possible value add opportunities by streamlining operations, implementing additional marketing strategies and revenue management to increase both physical and economic occupancies.
ModBox Brighton is located on County Road 2 and has 78,880 rentable square feet across 696 units, offering a strong market presence in a rapidly growing suburban area just north of Denver. The facility benefits from easy access to major thoroughfares, catering to a growing population. With current occupancy levels at 77% physical and 85% economic, there is substantial upside for potential occupancy growth.
ModBox Evans is located on Harbor Lane is consists of 44,100 rentable square feet across 362 units. The facility offers a mix of climate-controlled and non-climate controlled spaced, ensuring offerings to a diverse customer base. Evans, being near Greely, has a strong demographic base with over 138K people within a 5-mile radius and attractive population growth forecasted over the next decade.
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NEW
Mesquite, NV
Extra Space Storage 3-Property Portfolio
$16,700,000
882 Units
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NEW
Mesquite, NV
Extra Space Storage 3-Property Portfolio
$16,700,000
882 Units
Discover an exceptional investment opportunity in the heart of Mesquite, Nevada, featuring three self storage facilities strategically positioned to serve this rapidly growing market. Located just one hour from Las Vegas and 40 minutes from St. George, Utah, these properties combine prime interstate visibility with strong market fundamentals in one of Nevada’s most promising regions.
Professionally managed by Extra Space Storage, this portfolio maintains consistent, high physical and economic occupancy rates with minimal management involvement required. The properties deliver immediate cash flow with no need for operational changes.
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NEW
Porterville, CA
Stor It Self Storage
$14,500,000
859 Units
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NEW
Porterville, CA
Stor It Self Storage
$14,500,000
859 Units
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NEW
Des Moines, IA MSA
CubeSmart Managed 3-Property Portfolio
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1,395 Units
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NEW
Des Moines, IA MSA
CubeSmart Managed 3-Property Portfolio
Call for Offers
1,395 Units
The Affordable Family Storage portfolio, third party managed by CubeSmart, consists of three institutional-quality facilities located in the Des Moines Iowa MSA. These facilities provide 178,461 rentable square feet and 1,395 units of self storage, along with 9,673 of leased commercial space at the Des Moines 33rd Street location.
All three properties are well located in retail corridors which required a lengthy and costly entitlement process to gain approval. All of the facilities, with the exception of the Urbandale location, are conversions of big box retailers. The Sellers developed these properties with a long term mindset and the quality of the construction is evident.
The facilities feature large loading docks / drive-in bays and an abundance of coded gate access points to minimize the travel distance from the loading area to the tenant’s unit. While these facilities have only been open a few years, the units provided are mostly located on the 1st level which should lead to long term sticky tenants who are able to absorb future rate increases.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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NEW
Broken Arrow, OK
Extra Space Storage (3rd Party Managed)
Call for Offers
322 Units
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NEW
Broken Arrow, OK
Extra Space Storage (3rd Party Managed)
Call for Offers
322 Units
Offers Due: November 8, 2024
Extra Space Storage (3rd party managed) is a self-storage conversion project which opened in July 2020 and has been managed by Extra Space since December 2022. It possesses prominent frontage with reader board signage and is located on Kenosha Street. The property is sited on 4.62 acres in a densely developed area of Broken Arrow, less than a mile from the revitalized Rose District, with strong demographics ($111,116 AHHI) and population (73,000) within the three-mile trade area.
The property has undertaken extensive renovations over the past couple of years including but not limited to:
- TPO roof overlay with 20-year transferable warranty
- Exterior glass window walls
- Updated facility office
Storage Upside
There is significant upside remaining through capturing the tenant insurance revenue, and moving forward with the approved PUD Amendment for expansion and monetizing the pad site to lower the purchase basis.
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NEW
Alamogordo, NM
Best Self Storage Solutions-Holloman Highway
$550,000
111 Units
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NEW
Alamogordo, NM
Best Self Storage Solutions-Holloman Highway
$550,000
111 Units
- Located on major highway
- Major residential area for Holloman Airforce Base
- Extra land for expansion
- Cinder block construction with metal roof
- Well-lighted facility
- Compact screening driveways
- Security fenced area
- Full camera monitoring system throughout facility (accessible via app)
- Electronic keypad system on all four gates
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NEW
Walker, MN
Walker Storage Max
$2,400,000
31 Units
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NEW
Walker, MN
Walker Storage Max
$2,400,000
31 Units
Walker Storage Max is a fantastic opportunity to acquire a newly built, turnkey self storage business. Providing 31,325 rentable square feet of large drive up units, the facility has experienced 100% occupancy consistently since opening. The first building was completed in August 2020 and the second building in July 2021. Each unit is equipped with 14 foot automatic doors, in-floor heating and man doors.
Located off of State Highway 371, Walker Storage Max boasts a prime location with high traffic density. With a growing population and many lake homes, this facility is well situated to continue serving the storage needs of Walker and surrounding cities. It also provides great security features with a completely fenced lot, barbed wire, keypad access and surveillance cameras.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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