3966 39th Avenue NE, Alexandria, MN 56308

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Sold Price
$825,000
List Price
$825,000

Property Description

High visibility storage business with large units and excellent occupancy! Located in the heart of lakes country and within a mile of the Alexandria Chain of Lakes, you couldn't ask for a better spot to operate. This offering includes 40 units that are currently leased out plus 3 additional parcels/pads to significantly increase your unit count and NOI. Over the years, occupancy rate has ran nearly 100% with a waiting list when a unit becomes available. As part of a small association, the common area is maintained for ease of management. Always liked the idea of passive income or maybe you are ready to expand your portfolio? Here is a great opportunity ready for you today. Ever wonder why storage businesses very seldom come up for sale?...

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Listing courtesy of Edina Realty, Inc..

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