Listed by Argus Self Storage Advisors
$675,000
New Richland Storage
Details
APN 151080060, 151000650
Property Type Self Storage
Sub Type Self Storage
Square Footage 78,408
Net Rentable (SqFt) 13,500
Units 76
Cap Rate 6.93%
NOI $46,811
Occupancy 96%
Price per SqFt $9
Year Built 1975, 2004, 2006
Acreage 1.800
New Richland, MN Self Storage Portfolio | 96% Occupied
Investment highlights
Near-Full, Stabilized Cash Flow: 96% occupied and effectively at capacity, delivering immediate in-place income.
Expansion Land = Built-In Upside: Dedicated expansion area to add units and capture proven unmet demand, driving future NOI growth.
Best-of-Both Product Mix: Two facilities in one market offering drive-up convenience plus secure indoor storage.
Low-Maintenance, Efficient Operations: Streamlined layout and durable construction support strong margins with minimal oversight.
Straightforward Operations: Currently owner-managed, creating an easy transition for a buyer to implement their systems and unlock operational efficiencies.
Listing Contacts
Listed by Argus Self Storage Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,811.00
$3,900.92/mo
Valuation Metrics
0
DSCR
6.93%
Cap Rate
6.93%
ROI
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