305 T-119, Hinckley, MN 55037
3,980 SF Specialty Building Offered at $200,000 in Hinckley, MN 55037
For Sale
Active
Asking Price $200,000
- Property Type
-
Specialty
- Square Feet
- 3,980 SF
- Price / Square Foot
- $50
Listing Contacts
Maddie Vetter
Amy Hitchingham
- Property Info
Property Overview
Hinckley Storage in Hinckley, Minnesota is a fantastic opportunity for an investor to own a self storage facility with the ability to add immediate value through streamlined operations and technology implementation. The facility has experienced historically high occupancy levels, providing a strong foundation for increasing rental rates and introducing ancillary revenue streams. Hinckley Storage consists of 28 units of drive-up self storage totaling 3,980 rentable square feet.
Property Details
- Class
- C
- Year Built
- 1993
- Stories
- 1
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 19,602 SF
Highlights
- Low economic occupancy with opportunity to achieve higher rates with existing tenants
- Ability to significantly improve operations through increased web presence and software implementation
- Priced below replacement cost at $50/SF
- Limited competition - three competitors within 10 miles radius
- Consistently at 100% occupancy
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