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Extra Space (Managed) – Minneapolis

Minneapolis-St. Paul-Bloomington, MN-WI
Self Storage
Extra Space (Managed) – Minneapolis

Deal Highlights

• 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   

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