Extra Space Storage (Managed) – Minneapolis, MN

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*Lead broker information is located within the offering memorandum. 

Deal Highlights

All Site Visits Must be Scheduled Through SkyView Advisors

  • Fully Physically Stabilized Class-A Asset
  • Immediate Expansion Opportunity of Nearly 13,000 Net Rentable Square Feet, Adding An Estimated $196,934 of GPR
  • Low Current Supply of 2.60 Net Rentable Square Feet per Capita
  • No Future Development Within Five-Mile Radius
  • Exceptionally Strong Median Household Incomes of $90,043 in the One Mile Radius
  • Proximity to I-94 Enables Access To a Large Population Base in Under 10 Minutes of Drive Time
  • Strong Historical Trends for Occupancy and Rate Growth
  • Numerous Multi-Family Developments Within the Trade Area and Downtown to Achieve the Highest Rental Averages
  • Approximately 50 Percent of Net Rentable Square Feet 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

$766,134

Net Rentable Square Feet
86,777 NRSF
Lot Size

2.63

Unit Count
976
Year Built
2019
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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