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
