8900 Walnut St - Self-Storage Facilities FOR SALE


Rockford, MN 55373
$3,400,000 USD
612-790-3747
8900 Walnut St, Rockford, MN for Sale
$3,400,000 USD
Self-Storage Facilities - FOR SALE
1/4
null | Request Cap Rate

8900 Walnut St
Rockford, MN 55373


HIGHLIGHTS

  • 12,700 rentable square feet of fully occupied climate controlled storage with 480 RSF to be added December 2024
  • Includes 23,743 square feet of retail and commercial space, leased to strong tenants including USPS, a local dentist, a restaurant, day care and more
  • Strong Demographics: Median household income in the 4 mile radius above $100,000
  • Great visibility to nearly 15,000 vehicles per day via Highway 55
  • Ability to expand on existing parking lot with drive up storage, portables, or additional retail

OVERVIEW

Westrock Storage & Shopping Center presents an excellent opportunity to acquire a stabilized investment property with diverse income streams. The property features a fully-occupied self-storage business alongside leased commercial and retail spaces. It offers 12,700 square feet of climate-controlled self storage and 23,743 square feet of retail space. The current ownership is expanding the self storage units by an additional 480 square feet, expected to be completed by December 2024. The six retail tenants, all on long-term leases, generate over $20,000 in monthly income. Additionally, the large parking lot provides potential for expansion or subdivision for further development. The property is also equipped with solar panels, which cover 7% of the electric utilities until June 30, 2040, with the option for lease extension. A loading door at the back of the storage space is available for tenant use. Seller would consider offers including 1 Acre outlot at $3.7 Million. Area CRE Services is licensed under Keller Williams Realty Integrity Lakes

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westrock Storage & Shopping Center

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

5.5 AC

LAND SF

239,580 SF

ZONING

C-3

APN/PARCEL ID

113-059-001010

ASK ABOUT THIS PROPERTY

Tom FlanniganArgus Self Storage AdvisorsMore Info
612-790-3747

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Tom FlanniganArgus Self Storage AdvisorsMore Info
612-790-3747

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.