Self-Storage Broker Referral - Minnesota

[Mitchell C Johnson]

Hello! I am seeking to acquire a medium (50,000+ SF) value-add self storage facility in the following areas (in preferential order):

1) Woodbury
2) Maple Grove
3) Lakeville
4) Blaine
5) Rochester
6) St Cloud

Ideally, I would like to keep the purchase price under $1 million.

Has anyone worked with a commercial broker that specializes in self-storage in those areas? Thank you in advance!

[Michael Margarella]

Quote from @Mitchell C Johnson:

Hello! I am seeking to acquire a medium (50,000+ SF) value-add self storage facility in the following areas (in preferential order):

1) Woodbury
2) Maple Grove
3) Lakeville
4) Blaine
5) Rochester
6) St Cloud

Ideally, I would like to keep the purchase price under $1 million.

Has anyone worked with a commercial broker that specializes in self-storage in those areas? Thank you in advance!

This isn’t a direct answer to your question, but one thing I found useful when making new broker contacts was calling those who had properties listed/recently listed and try to organically build a rapport.  Takes a bit more legwork but another tool for the tool belt.