3446 2nd St SE - TCJ Storage
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3446 2nd St SE - TCJ Storage
38,690 SF Speciality Building Offered at £775,534 in Saint Cloud, MN 56304
Investment Highlights
- Diverse offering with mix of self storage, outdoor storage, and business units
- Serves the market of St. Cloud, a top 5 MSA in Minnesota - 5 mile population over 60,000
- Priced well below replacement cost at $25 per square foot
- Consistently high occupancy with ability to push rent rates in near term - current owner has not raised rental rates in multiple years
- Situated on 10 acres with ample room for expansion
Executive Summary
TCJ Storage Solutions presents a prime investment opportunity in a stabilized self storage business with substantial growth potential. The facility offers a diverse range of self storage, outdoor storage, and business units to cater to the needs of the thriving St. Cloud market. With a population of over 60,000 within a 5-mile radius, the property enjoys a strategic location. Additionally, some of the storage areas have 14 foot doors to accommodate access for larger vehicles, trucks and trailers.
Furthermore, the facility sits on a spacious 10-acre lot, providing ample room for expansion and exploration of additional storage or commercial rental options. Currently operating as a mom-and-pop business, TCJ Storage stands to significantly benefit from streamlined management and revenue optimization strategies. Notably, rental rates for storage and business units have remained stagnant for several years, presenting a clear opportunity to increase profitability.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
Furthermore, the facility sits on a spacious 10-acre lot, providing ample room for expansion and exploration of additional storage or commercial rental options. Currently operating as a mom-and-pop business, TCJ Storage stands to significantly benefit from streamlined management and revenue optimization strategies. Notably, rental rates for storage and business units have remained stagnant for several years, presenting a clear opportunity to increase profitability.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
Property Facts Under Contract
Price | £775,534 | Building Size | 38,690 SF |
Price Per SF | £20 | Number of Floors | 1 |
Sale Type | Investment | Year Built | 1979 |
Property Type | Speciality | Parking Ratio | 1.03/1,000 SF |
Property Subtype | Self-Storage | Cross Streets | 35th Ave.NE |
Building Class | C | Opportunity Zone |
Yes
|
Lot Size | 10.00 AC |
Price | £775,534 |
Price Per SF | £20 |
Sale Type | Investment |
Property Type | Speciality |
Property Subtype | Self-Storage |
Building Class | C |
Lot Size | 10.00 AC |
Building Size | 38,690 SF |
Number of Floors | 1 |
Year Built | 1979 |
Parking Ratio | 1.03/1,000 SF |
Cross Streets | 35th Ave.NE |
Opportunity Zone |
Yes |
PROPERTY TAXES
Parcel Number | 09.01263.00 | Improvements Assessment | £460,071 |
Land Assessment | £88,451 | Total Assessment | £548,522 |
PROPERTY TAXES
Parcel Number
09.01263.00
Land Assessment
£88,451
Improvements Assessment
£460,071
Total Assessment
£548,522
zoning
Zoning Code | PUD |
PUD |
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3446 2nd St SE - TCJ Storage
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