Extra Space (Managed) – Minneapolis

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*Lead broker information is located within the offering memorandum. 

Listed By: SkyView Advisors, LLC. MN RE Lic# 40900501

Deal Highlights

All Site Visits Must be Scheduled Through SkyView Advisors

• Fully Physically Stabilized Class-A Asset at 95% Physical Occupancy

• Immediate Expansion Opportunity of Nearly 13,000 NRSF, Adding an Estimated $201,561 of GPR

• Extremely Low Supply in the Market With Only 2.64 NRSF Per Capita in the Three-Mile Radius

• No Future Development Within Five-Mile Radius

• Exceptionally Strong Median Household Incomes of $90,235 in the One-Mile Radius

• Proximity to I-94 Enables Access to a Large Population Base With 470,767 People in the Five-Mile Radius

• Strong Historical Trends for Occupancy and Rate Growth

• Approximately 50 Percent of NRSF Located on Main Level, Allowing New Owner To Demand Premium Rental Rates

Address

1717 W River Rd N, Minneapolis, MN, 55411

Price

TBD by Market

Pro Forma NOI

$800,894

Net Rentable Square Feet
86,742 NRSF
Lot Size

2.63

Unit Count
964
Year Built
1977
Year Renovated

2019

Asset

Self Storage

Status

Active

Engage With Us

100% of our firm’s time, effort, and energy are devoted to you and your goals as a seller. We guarantee that we will generate the highest price and best terms for your property that the market will bear at that moment in time.

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