Property Description

Becker Storage Services presents an attractive opportunity to acquire a stabilized boat andvehicle storage facility in Clear Lake, Minnesota, featuring 323 boat and RV storage units totalingapproximately 85,880 NRSF, complemented by 16 traditional drive-up storage units. The propertyis 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 beapproximately 120% below market for seasonal storage, the asset offers significant revenuegrowth potential through professional management, pricing optimization, and improvedoperational strategies.Situated on a 24.65-acre site, Becker Storage Services provides substantial long-term flexibilitythrough additional land available for expansion or future improvements. The property includes anon-site rental home, office, solar array, and drive-up storage facilities, creating a fully operationalstorage platform with multiple revenue opportunities. Additionally, the seller is willing to remaininvolved and provide operational training to ensure a smooth ownership transition. With projectedYear 2 and Year 5 cap rates of 11% and 15%, respectively, the property offers investors anopportunity to acquire a unique, cash-flowing storage asset with strong upside potential and longterm value creation

Property Features

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