Inver Grove Storage

Property Title

9735 South Robert Trail
Inver Grove Heights, MN 55077

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investment highlights

  • 81.60% Current Physical Occupancy
  • Excellent Drive-By Visibility, Traffic Counts of Over 12,000 Per Day
  • Three Story Climate-Controlled Building Constructed 2016
  • Growing Market in a Suburb of St. Paul
  • Upside Through Continued Leasing Up of New Building

property summary

Inver Grove Storage is 54,250 net rentable square foot facility located in Inver Grove Heights, Minnesota. Originally built in 1998 and expanded in 2016, the property consists of 334 climate-controlled units, 207 drive-up units, three parking spaces, and a professional leasing office. The nine drive-up buildings are of metal construction with standing seam roofs. The climate-controlled building is concrete with its own keypad access and indoor security.

Situated on approximately 5.5 acres of land, the property is fully fenced with digital gate access and is under 24-hour surveillance. The security monitor displays can be seen in the leasing office as well as inside the climate-controlled building. Inver Grove Storage has excellent drive-by visibility and ample signage along Highway 3. This property has prospered due to its tenure in the community, as well as, the current owner making significant improvements to the property.

Inver Grove Storage is located off of Highway 3 and near the Jefferson Trail intersection. Highway 3 car counts are approximately 12,000 per day. The facility is situated in a residential area but is less than two miles from major employers like Thompson Reuters and retailers like Target.

Inver Grove Heights is located approximately 10 miles south of downtown St. Paul in Dakota County which is one of the seven principal counties comprising the Twin Cities Metropolitan area. Inver Grove Heights has continued to see growth in population over the years. The current population is estimated around 35,000 and is expected to increase to 44,000 in the coming years.  The city continues to attract new residents because the schools, parks, and year-round recreational activities are among Twin Cities’ best.

Broker Information

Chris Kampmeyer

Associate

Phone: 952.852.9762
Email: ckampmeyer@marcusmillichap.com
License: MN 40584756

Adam Schlosser

Senior Vice President

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

Jon Ruzicka

Broker of Record

Phone: 952.852.9700
Email: jon.ruzicka@marcusmillichap.com
License: MN 40583288

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