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32212862
32212861

3966 39th Avenue NE, Alexandria, MN 56308

Edina Realty, Inc
Listed by Edina Realty, Inc
$825,000
35 days on market
Updated 35 days ago

3966 39th Avenue NE

Details
APN 030029248
Property Type Retail, Industrial
Sub Type Warehouse, Garage
Square Footage 14,108
Units 43
NOI $52,684
Price per SqFt $58
Year Built 2018
Stories 1
Acreage 4.150
Parking Spaces 40 spaces
Parking Per SqFt 2.84

Retail | 14,108 SqFt

Marketing description

High visibility storage business with large units and excellent occupancy! Located in the heart of lakes country and within a mile of the Alexandria Chain of Lakes, you couldn't ask for a better spot to operate. This offering includes 40 units that are currently leased out plus 3 additional parcels/pads to significantly increase your unit count and NOI. Over the years, occupancy rate has ran nearly 100% with a waiting list when a unit becomes available. As  part of a small association, the common area is maintained for ease of management. Always liked the idea of passive income or maybe you are ready to expand your portfolio? Here is a great opportunity ready for you today. Ever wonder why storage businesses very seldom come up for sale?...

Listing Contacts

Edina Realty, Inc
Listed by Edina Realty, Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$52,684.00
$4,390.33/mo

Valuation Metrics

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DSCR
6.39%
Cap Rate
6.39%
ROI

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