Edina Realty, Inc
Listed by Edina Realty, Inc
$825,000
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
$--
$--
Annual Cash Flow
$52,684.00
$4,390.33/mo
Valuation Metrics
0
DSCR
6.39%
Cap Rate
6.39%
ROI
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