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Self-Storage Facility

Storage Lounge

1721 Premier Dr, Mankato, MN 56001

Listing Price: $9,000,000

Cap Rate
1.81%
Number of Units
752
Occupancy
64.0%
Rentable SF
77,750
Price/Rentable SF
$115.76
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Storage Lounge located about 67 miles southwest of Minneapolis in Mankato, Minnesota. This facility features 752 climate-controlled self-storage units that total 77,750 net rentable square feet and is situated on 1.81 acres of land. Storage Lounge benefits from a relatively large and growing surrounding population base, great visibility, and an unmet need for climate-controlled self-storage in the surrounding area.

Investment Highlights

  • Mankato, Minnesota Class A Self-Storage Offering
  • 77,750 Net Rentable Square Feet
  • Only Two Other Facilities Within a 10-Mile Radius That Feature Climate-Controlled Storage
  • Great Visibility From Both Premier Drive and Hiawatha Pioneer Trail (MN State Route 22)

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Self-Storage Facility

Storage Lounge

Listing Price: $9,000,000

Cap Rate
1.81%
Number of Units
752
Occupancy
64.0%
Rentable SF
77,750
Price/Rentable SF
$115.76
Year Built
2019

Investment Highlights

  • Mankato, Minnesota Class A Self-Storage Offering
  • 77,750 Net Rentable Square Feet
  • Only Two Other Facilities Within a 10-Mile Radius That Feature Climate-Controlled Storage
  • Great Visibility From Both Premier Drive and Hiawatha Pioneer Trail (MN State Route 22)

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Storage Lounge located about 67 miles southwest of Minneapolis in Mankato, Minnesota. This facility features 752 climate-controlled self-storage units that total 77,750 net rentable square feet and is situated on 1.81 acres of land. Storage Lounge benefits from a relatively large and growing surrounding population base, great visibility, and an unmet need for climate-controlled self-storage in the surrounding area.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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