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New Richland Storage 1 Specialty Properties Offered at $675,000 in New Richland, MN
Investment Highlights
- Near-Full, Stabilized Cash Flow: 96% occupied and effectively at capacity, delivering immediate in-place income.
- Best-of-Both Product Mix: Two facilities in one market offering drive-up convenience plus secure indoor storage.
- Currently owner-managed: Creating an easy transition for a buyer to implement their systems and unlock operational efficiencies.
- Expansion Land = Built-In Upside: Dedicated expansion area to add units and capture proven unmet demand, driving future NOI growth.
- Low-Maintenance, Efficient Operations: Streamlined layout and durable construction support strong margins with minimal oversight.
Executive Summary
New Richland Storage is a high-performing, two-facility self-storage portfolio in New Richland, MN, comprising 76 units and 13,500 rentable square feet. The portfolio is currently 96% occupied and effectively operating at capacity, generating strong, stable cash flow with minimal management oversight. Importantly, the property includes dedicated expansion land, offering a clear, near-term value-add opportunity to meet proven demand and drive incremental NOI through additional unit development.
The Highway 13 location features drive-up units, while the Broadway Avenue facility provides secure indoor units. Both facilities are managed and built for operational efficiency, with low-maintenance construction and enhanced security measures. Fully stabilized and supported by a diversified tenant base of residential, commercial, and seasonal users, New Richland Storage is a turnkey, income-producing investment with built-in upside through expansion.
The Highway 13 location features drive-up units, while the Broadway Avenue facility provides secure indoor units. Both facilities are managed and built for operational efficiency, with low-maintenance construction and enhanced security measures. Fully stabilized and supported by a diversified tenant base of residential, commercial, and seasonal users, New Richland Storage is a turnkey, income-producing investment with built-in upside through expansion.
Property Facts
| Price | $675,000 | Number of Properties | 2 |
| Price / SF | $99.56 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 6,780 SF |
| Status | Active | Total Land Area | 0.79 AC |
| Price | $675,000 |
| Price / SF | $99.56 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,780 SF |
| Total Land Area | 0.79 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 600 State 13 hwy, New Richland, MN 56072 | Specialty | 6,780 SF | 2004 | - |
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