New Richland Storage Specialty FOR SALE


New Richland, MN
$675,000 USD
612-930-6614
, New Richland, MN for Sale
$675,000 USD
Specialty - FOR SALE
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New Richland Storage
New Richland, MN


HIGHLIGHTS

  • Near-Full, Stabilized Cash Flow: 96% occupied and effectively at capacity, delivering immediate in-place income.
  • Expansion Land = Built-In Upside: Dedicated expansion area to add units and capture proven unmet demand, driving future NOI growth.
  • Best-of-Both Product Mix: Two facilities in one market offering drive-up convenience plus secure indoor storage.
  • Low-Maintenance, Efficient Operations: Streamlined layout and durable construction support strong margins with minimal oversight.
  • Currently owner-managed: Creating an easy transition for a buyer to implement their systems and unlock operational efficiencies.

OVERVIEW

New Richland Storage is a high-performing, two-facility self-storage portfolio in New Richland, MN, comprising 76 units and 13,500 rentable square feet. The portfolio is currently 96% occupied and effectively operating at capacity, generating strong, stable cash flow with minimal management oversight. Importantly, the property includes dedicated expansion land, offering a clear, near-term value-add opportunity to meet proven demand and drive incremental NOI through additional unit development. The Highway 13 location features drive-up units, while the Broadway Avenue facility provides secure indoor units. Both facilities are managed and built for operational efficiency, with low-maintenance construction and enhanced security measures. Fully stabilized and supported by a diversified tenant base of residential, commercial, and seasonal users, New Richland Storage is a turnkey, income-producing investment with built-in upside through expansion.

ASK ABOUT THIS PROPERTY

Nathan GottliebArea Storage AdvisorsMore Info
612-930-6614

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Nathan GottliebArea Storage AdvisorsMore Info
612-930-6614

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