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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

Attachments

flyer_stcloudmn

Property Facts Under Contract

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

PROPERTY TAXES

Parcel Number
09.01263.00
Land Assessment
£88,451
Improvements Assessment
£460,071
Total Assessment
£548,522

zoning

Zoning Code PUD
PUD
  • Listing ID: 32919852

  • Date on Market: 22/08/2024

  • Last Updated:

  • Address: 3446 2nd St SE, Saint Cloud, MN 56304

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