Walker Storage Max
Fully Occupied, High Quality Self Storage in Walker, MN
Marketing description
Lead Agent: Alex Ihrke
Walker Storage Max presents a rare opportunity to acquire a best-in-class, purpose-built self-storage facility in one of Minnesota’s most sought-after lake and cabin destinations. Situated directly off State Highway 371, the property benefits from prime visibility and high traffic density in a market defined by strong seasonal and year-round demand. Walker sits at the gateway to Leech Lake and the surrounding cabin country, where limited storage supply and a growing base of seasonal residents, boaters, and RV owners have created outsized demand for secure storage, particularly for large vehicles, boats, and recreational equipment that don’t fit conventional units.
The facility was developed in two phases, with the first building completed in August 2020 and the second in July 2021, and has maintained 100% occupancy since each building opened. Despite this exceptional performance, the current ownership has only implemented one rental rate increase since construction, with the most recent adjustment occurring two years ago, pointing to significant embedded upside for a new owner. Built to serve the region’s RV and lake-country clientele, the units feature 14-foot automatic doors, in-floor heating, ventilation systems, 30-amp outlets, and man doors, combined with robust site security including full perimeter fencing with barbed wire, keypad access control, surveillance cameras, and bollard protection at every door and corner.
Investment highlights
- High occupancy since inception — both buildings have been fully leased since delivery in 2020 and 2021, demonstrating exceptional, proven demand.
- Significant income growth potential — only one rate increase implemented since construction (last raised 2 years ago), offering a clear path to rental rate growth along with ability to add ancillary revenue streams, such as tenant protection plans.
- Purpose-built for high-value cabin/lake country demand — large, RV-sized units with in-floor heating, ventilation, and 30-amp power cater to a deep and underserved local need.
- Prime Highway 371 location — high-traffic, high-visibility site in the heart of Leech Lake cabin country.
- High-quality security and construction — fully fenced with barbed wire, keypad access, surveillance cameras, and bollard-protected units minimize risk and deferred maintenance.
- Potential for assumable debt — buyers have the opportunity to assume a portion of the seller’s existing debt at a favorable rate, offering below-market financing and enhanced returns for a qualified purchaser.
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