19 Jan 2022
Minneapolis, MN- Tom Flannigan, Alex Ihrke and Matt Haugen of KW Commercial Minneapolis are pleased to announce the sale of Stör Self Storage located in Inver Grove Heights, Minnesota. The state-of- the-art facility, completed in 2021, consists of 89,920 rentable square feet of climate and non-climate controlled self storage and 150 paved parking units. Flannigan and his team listed the property on behalf of the Seller, Valley Homestead Properties, LLC, and worked to procure the Buyer. “With new entrants including KKR and Blackstone joining well-funded REITs in their pursuit of quality self storage assets, the pool of Buyers is bigger than ever before. Each Buyer seems to have an insatiable appetite for acquisitions.” Flannigan said regarding the strength of the market.
The ultimate buyer for Stör Self Storage, Public Storage, is the largest operator in the country and with the acquisition of Stör Self Storage, Public Storage now owns 65 facilities in the state of Minnesota.
Tom, Alex, and Matt are the Argus broker affiliates representing the states of Minnesota, North Dakota and Iowa. They can be reached at 651-269-6307.
Based in Denver, Colorado, Argus Self Storage Advisors was formed in 1994 to assist owners and investors of self-storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self-storage and income property investments. Now the largest self- storage brokerage network in the United States, Argus has 36 Broker Affiliates covering nearly 40 markets. These brokers are able to meet the needs of self storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55- STORE or www.argus-selfstorage.com.
