Property Description

Becker Storage Services presents an attractive opportunity to acquire a stabilized boat and vehicle storage facility in Clear Lake, Minnesota, featuring 323 boat and RV storage units totaling approximately 85,880 NRSF, complemented by 16 traditional drive-up storage units. The property is currently operating at full occupancy within its boat and vehicle valet storage component, demonstrating strong demand for seasonal storage solutions. With rental rates estimated to be approximately 120% below market for seasonal storage, the asset offers significant revenue growth potential through professional management, pricing optimization, and improved operational strategies. Situated on a 24.65-acre site, Becker Storage Services provides substantial long-term flexibility through additional land available for expansion or future improvements. The property includes an on-site rental home, office, solar array, and drive-up storage facilities, creating a fully operational storage platform with multiple revenue opportunities. Additionally, the seller is willing to remain involved and provide operational training to ensure a smooth ownership transition. With projected Year 2 and Year 5 cap rates of 11% and 15%, respectively, the property offers investors an opportunity to acquire a unique, cash-flowing storage asset with strong upside potential and long term value creation