14956 110th St, Milaca, MN 56353

Milaca Secure Storage is a strategically located self-storage facility in Milaca, Minnesota, offering a significant value-add opportunity. The facility sits on a 3-acre parcel with excellent visibility and high traffic, bene{ting from highway frontage along Highway 169, which sees 16,500 vehicles per day. The current facility is fully operational with a mix of drive-up and parking units, presenting an attractive opportunity for further lease-up through operational efficiencies.

Built in 2019, the facility consists of 24,450 NRSF, with additional expansion potential on an adjacent 0.8 acres of gravel land, ready for boat and RV storage. This presents an immediate opportunity to capture additional demand for vehicle storage, which is growing in the surrounding area. The population in Milaca is projected to grow by 0.96% over the next {ve years, reaching a total of 2,074 residents, and households are expected to increase by 1.13%, bringing the total to 708. As the median household income is projected to increase by 8.15% to $92,808, there will be an increasing demand for storage solutions, making this an excellent opportunity for growth.

With a current physical occupancy of 61% and economic occupancy of 59%, there is signi{cant upside potential through strategic management and marketing efforts. The property also includes an assumable SBA loan of $422K at a favorable interest rate of 3.25%, with 20 years remaining on the term. The surrounding area also bene{ts from increasing income levels, with the median household income rising to $92,808 in {ve years, and projected rent growth providing further potential for tenant demand. The facility’s prime location, solid operational foundation, and growth potential make it an attractive investment opportunity for enhancing cash |ow and capital appreciation.