14205 Highway 65Ham Lake, MN 55304

This exceptional self-storage portfolio in Ham Lake, Minnesota, presents a compelling investment opportunity. Comprising five properties totaling 190,716 square feet across 30 buildings and 1,082 units, this stabilized portfolio boasts a current occupancy rate of 85% and a strong NOI of $1,073,838, translating to a 6.15% cap rate. Pro-forma projections indicate a significant increase in NOI to $1,300,000 and a 7.50% cap rate, reflecting substantial growth potential. The portfolio sits on 30 acres of land in Anoka County, with a mix of self-storage and parking spaces. The asking price is $17,500,000, or $17,000 per unit, and $98 per square foot. The portfolio's Class B buildings offer a mix of unit sizes to cater to diverse storage needs. The gross lease structure simplifies management, while the multi-tenancy provides a diversified income stream. This portfolio offers significant expansion potential, making it an ideal acquisition for investors seeking strong returns and long-term growth in a thriving market. The property is located at 14205 Hwy 65 NE, Ham Lake, MN 55304.