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Property profile & analytics
OFF-MARKET
Self storage facilities

940 Mckinley Pkwy Delano, MN 55328

1,120 SF Built 2023
Property ID
Property summary
AI-generated overview

This exceptional new development, West End Autoplex & Business Center in Delano, Minnesota, offers 42 versatile units perfect for a variety of uses. Built in 2023, these single-story buildings boast 1,120 to 1,932 square feet of space, ideal for customized office/warehouse spaces, workshops, showrooms, or even personal garages. Each unit features 20-foot ceilings, 14 dock-high doors, 5" concrete floors with floor drains, commercial-grade windows and doors, attractive LP Smartside siding, fire suppression, and soundproofing. In-floor radiant heating is standard, with options for additional heating/cooling. All units are wired for three-phase power and plumbed for water and sewer, with roughed-in bathrooms. A limited-time offer includes a free mezzanine or ADA bathroom, paint, and epoxy flooring on larger units, and a half-priced mezzanine or free ADA bathroom on smaller units. Units can be expanded by combining with adjacent units, creating pass-through options, and adding a mezzanine for an additional 672 square feet. Numerous upgrade options are available, allowing for complete customization. The property is zoned commercial and has four buildings in total. Occupancy is available November 30, 2023. Financing options include a 10-year fixed-rate, fully amortized loan at 8.75% or a 5-year balloon with 20-year amortization at 8.5%. All closings will occur at Title Mark in Waconia. Financial requirements include a personal financial statement, two years of personal and business tax returns, and a credit report. A 20% cash down payment or more is required, with personal guarantees accepted for RE holding company purchases.

Property profile
Verified
Property type Self storage facilities
Year built 2023
Total area 1,120 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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