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Self-Storage Facility

Lake Marion Storage

22595 Pillsbury Ave, Lakeville, MN 55044

Listing Price: $15,000,000

Cap Rate
4.99%
Number of Units
587
Occupancy
80.0%
Gross SF
106,784
Rentable SF
106,784
Price/Rentable SF
$140.47
Year Built
1999

Investment Overview

Marcus & Millichap is pleased to offer for sale Lake Marion Storage located in Lakeville, Minnesota. This facility features 518 climate controlled units, 66 non-climate-controlled units, three office spaces, and 38 outdoor parking spaces totaling 106,784 net rentable square feet. The owners recently added and fully leased 28 units totaling 24,000 NRSF in December 2024. The site is located in a very affluent area and has great visibility and easy accessibility.

Investment Highlights

  • Minneapolis-St. Paul MSA Self Storage Facility
  • Located in the Affluent Suburb of Lakeville
  • 106,784 Net Rentable Square Feet
  • 518 Climate Controlled Units, 66 Non-Climate Controlled Units, Three Office Spaces, and 38 Outdoor Parking Spaces
  • Recently Added and Fully Leased 28 Units Totaling 24,000 NRSF in December 2024

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    Managing Director Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Self-Storage Facility

Lake Marion Storage

Listing Price: $15,000,000

Cap Rate
4.99%
Number of Units
587
Occupancy
80.0%
Gross SF
106,784
Rentable SF
106,784
Price/Rentable SF
$140.47
Year Built
1999

Investment Highlights

  • Minneapolis-St. Paul MSA Self Storage Facility
  • Located in the Affluent Suburb of Lakeville
  • 106,784 Net Rentable Square Feet
  • 518 Climate Controlled Units, 66 Non-Climate Controlled Units, Three Office Spaces, and 38 Outdoor Parking Spaces
  • Recently Added and Fully Leased 28 Units Totaling 24,000 NRSF in December 2024

Investment Overview

Marcus & Millichap is pleased to offer for sale Lake Marion Storage located in Lakeville, Minnesota. This facility features 518 climate controlled units, 66 non-climate-controlled units, three office spaces, and 38 outdoor parking spaces totaling 106,784 net rentable square feet. The owners recently added and fully leased 28 units totaling 24,000 NRSF in December 2024. The site is located in a very affluent area and has great visibility and easy accessibility.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    Managing Director Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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