4011 Maciver Ave NE - Industrial FOR SALE


Saint Michael, MN 55376
$2,550,000 USD
612-865-3644
4011 Maciver Ave NE, Saint Michael, MN for Sale
$2,550,000 USD
Industrial - FOR SALE
1/39
null | 6% Cap Rate

4011 Maciver Ave NE
Saint Michael, MN 55376


HIGHLIGHTS

  • Located off of Highway 241
  • Buildings are newer and in great shape
  • U-Haul partnership

OVERVIEW

Excellent investment opportunity in the high-demand northwest metro! This St. Michael mini storage facility features 5 well-maintained buildings with 144 rental units, situated on 1.6 acres directly abutting Hwy 241, providing outstanding visibility and access. With an average 95% occupancy, this property offers strong & consistent income. The unit mix includes 15 (5x10x8), 49 (10x10x8), 49 (10x15x8), and 31 (10x25x8) units, meeting a wide variety of customer needs. Three buildings were constructed in 2014 and two in 2018, ensuring modern, low-maintenance infrastructure. St. Michael's growing community, located between Mpls and St.Cloud benefits from steady population growth, strong household incomes and easy access to I-94-driving demand for storage solutions. In addition to rental income, the facility partners with U-Haul, creating an additional revenue stream and value add for customers. This is a rare opportunity to acquire a stabilized, income-producing property in a thriving corridor of the Twin Cities metro.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.61

LAND SF

70,132

ZONING

-

APN/PARCEL ID

114-346-001010

ASK ABOUT THIS PROPERTY

Todd UrbanskiEdina RealtyMore Info
612-865-3644

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Todd UrbanskiEdina RealtyMore Info
612-865-3644

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.