SOLD | Profitable Mini/Self/Bulk Storage Complex

CBC Orion is pleased to offer for sale Airway Storage - consisting of three buildings totaling 41,600 square feet, situated on 10 acres of land. Located approx. one half mile from Hwy 23 - near St. Cloud Regional Airport, and Territory Golf Course. Many updates to buildings over the years including; interior finishing/renovation, parking lot blacktopping, new exterior, insulated overhead doors and service doors, new roof panels, new heating systems, etc.

Concrete floors throughout all buildings. Location is approximately 60 miles northwest of the Twin Cities.

The asking price is based on current income and does not reflect the tremendous upside potential with the remaining vacant space in the buildings.

More details: 

Facilities: Two buildings consist of 18,800 SF with galvanized steel exterior and is virtually maintenance free. Building #1 - Unit sizes range from 1,000 square feet to 2,500+ square feet, leased to commercial/business tenants.

Building #2 - caters to RV/Boat and vehicle storage, as well as personal and business bulk storage. There is an additional two acres located behind this building, which is sectioned off with privacy fencing and can easily accommodate significant boat and vehicle storage. Potential upside opportunity to provide combination of boat storage and shrink wrapping services on site.

Building #3 is a new brand 4,000 sq ft self/mini storage building, which was constructed in late 2013. There a total of 32 units with two different unit sizes ranging from 5' x 10' to 10' x 20'.

Growth/Expansion: Many long term tenants and repeat customers. The location has received city approval to construct future storage units on the site. This operation is profitable as is, with potential upside of future building expansion to maximize the expansive 10 acre site.

3446 2nd Street SE, St Cloud, MN 56304
Land Area: 
10 acres
CAP Rate: 
10% Proforma
$595,000 | SOLD