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23286357
23286359

273 Penny Ln NE, Rochester, MN 55906

Fort Inc
Listed by Fort Inc
$4,900,000
387 days on market
Updated 22 days ago

Car Garage / Storage / Creative Work

Details
Property Type Self Storage, Special Purpose
Sub Type Garage/Parking
Square Footage 29,370
Units 32
Occupancy 47%
Tenancy Multi
Year Built 2024
Buildings 2
Acreage 1.690
Investment Type Value Add
Tenant Credit No Credit Rating
Ceiling Height 12-16
Ownership Fee Simple

New to Market - New Build High End Storage Facility

Marketing description

New build and new-to-market storage facility with 32 units. Rent for straight storage, car storage garage or other exciting options. So many options with this multi-purpose property, different types of storage from overflow of garage storage to rent to a client looking for an area for their classic car or a get-together den. Great property to rent as you see fit for the market. Great NE location and in BRAND new condition.

Once fully leased the property has the potential to gross between $35,000-40,000 per month.

Investment highlights

  • 32 high-end storage / garage spaces;

  • High visibility / access from 37th Street;

  • Keyless entry on each unit;

  • Approximately 1/2 of the units are leased offering in-place cash flow, and room for new owner to structure leases in a manner they see fit

  • Units range from 750-1,650 SF

Listing Contacts

Fort Inc
Listed by Fort Inc

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