# Rupp's Indoor & Outdoor Storage in Stacy, Minnesota, Sells on September 28, 2026 With I-35 Visibility and Expansion Plans > Argus brokers closed a Minnesota interstate storage asset built in 2022 with RV and boat parking, strong occupancy, and entitlements for additional buildings. The buyer combines local and national operating scale without disclosing price. - URL: https://www.yourcaio.co/news/rupps-indoor-outdoor-storage-stacy-minnesota-sale-september-2026 - Published: 2026-10-05 - Author: David Cartolano (https://www.yourcaio.co/about) - Category: Acquisitions - Tags: Argus Self Storage Advisors, Stacy Minnesota, Interstate 35, Rupp's Storage, Value-Add Sale - Source: [Argus Self Storage Advisors](https://argus-selfstorage.com/argus-broker-affiliates-announce-sale-of-rupps-indoor-outdoor-storage-in-stacy-mn/) ## Key Takeaways - Area Storage Advisors announced October 1, 2026 that Rupp's Indoor & Outdoor Storage at 5550 Sherman Oaks Road in Stacy, Minnesota, closed September 28, 2026, with 214 units totaling 47,325 rentable square feet on a 12.3-acre site along Interstate 35. - The 2022-built facility includes 193 storage units and 21 RV, boat, and vehicle parking spaces, with visibility to more than 53,000 vehicles per day, per Argus's sale announcement. - Marketing materials when the asset was listed at $3,200,000 cited roughly 88.8% unit occupancy and approved plans for about 7,300 square feet of additional storage buildings, giving the buyer expansion capacity without new entitlements. - Alex Ihrke of Area Storage Advisors exclusively represented the local seller and procured a buyer described as a local and national self-storage operator; Nathan Gottlieb and Tom Flannigan supported the Argus-affiliate team. - The trade follows [Marcus & Millichap's September 29 Houston Devon portfolio sale](https://www.yourcaio.co/news/marcus-millichap-houston-devon-portfolio-76-percent-occupancy-september-2026) and [Merit Hill's October 1 Kissimmee purchase](https://www.yourcaio.co/news/merit-hill-capital-kissimmee-storquest-express-6-9-million-october-2026) as mid-market buyers keep clearing modern, visible assets despite softer national advertised rents. Area Storage Advisors closed **Rupp's Indoor & Outdoor Storage** at **5550 Sherman Oaks Road in Stacy, Minnesota**, on **September 28, 2026**, Argus announced **October 1, 2026**. The **2022-built** facility totals **214 units** and **47,325 rentable square feet** on **12.3 acres** along **Interstate 35**, with visibility to more than **53,000 vehicles per day** and **approved expansion plans** for additional storage buildings. The deal is a textbook mid-market exit: modern construction, outdoor vehicle income, and growth paper already entitled when [Yardi Matrix still shows national advertised rents down 1.9% year over year through August](https://www.yourcaio.co/news/yardi-matrix-september-2026-advertised-rates-1-9-percent-august-2026). --- ## What Did Argus Sell on Sherman Oaks Road? Argus affiliate **Area Storage Advisors** marketed a single-tenant storage and parking business on a highway-visible pad north of the Twin Cities exurbs. | Metric | Rupp's Indoor & Outdoor Storage | |--------|--------------------------------| | Close date | September 28, 2026 | | Address | 5550 Sherman Oaks Road, Stacy, MN | | Year built | 2022 | | Site | 12.3 acres | | Total units | 214 | | Rentable SF | 47,325 | | Storage units | 193 | | Vehicle spaces | 21 (RV, boat, vehicle) | | Traffic count | 53,000+ vehicles/day (I-35) | The buyer is described only as a **local and national self-storage operator**. Argus did not publish price or cap rate in its October 1 release. When the asset circulated on List Self Storage earlier in 2026, marketing at **$3,200,000** cited **39,925 square feet** of storage rentable area plus **7,400 square feet** of parking rentable area and roughly **88.8%** unit occupancy. Treat that figure as pre-sale marketing, not audited closing data. --- ## Why Did the Broker Highlight Expansion and Visibility? Lead agent **Alex Ihrke** tied value to construction vintage, traffic, occupancy, and entitled growth: > Rupp's is exactly what today's buyers are looking for: a modern facility with interstate visibility, strong occupancy and a clear path to growth. - **Alex Ihrke, Area Storage Advisors / Argus Affiliate** Interstate visibility matters in Minnesota winter markets where customers choose stores they can reach quickly from I-35. Approved expansion plans matter because [zoning moratoriums elsewhere in 2026](https://www.yourcaio.co/news/elk-grove-two-year-self-storage-moratorium-enacted-august-2026) make entitled square footage a transferable asset, not just a line on a pro forma. The May 2026 offering flyer flagged **approved plans** for roughly **7,300 square feet** of additional storage buildings and mom-and-pop management as straightforward NOI upside under professional systems. That is the buyer thesis Argus sold. --- ## Who Represented the Parties? Ihrke exclusively represented the **local ownership group** and procured the buyer with **Nathan Gottlieb** and **Tom Flannigan** supporting. The trio covers **Minnesota, Iowa, and the Dakotas** for Argus, the Denver-based network claiming **36 broker affiliates** across nearly **40 markets**. Argus formed in **1994** and positions itself as the largest self-storage brokerage network in the United States. The Stacy close adds to a September-October run that includes [List Self Storage's August deal roundup patterns](https://www.yourcaio.co/news/list-self-storage-august-deal-roundup-buyer-patterns-september-2026) showing private buyers still active on visible, expandable assets. --- ## How Does This Trade Fit the October 2026 Deal Tape? Same-week headlines skew large and coastal: [SmartStop's $140 million strategic package](https://www.yourcaio.co/news/smartstop-140-million-deca-initiative-september-2026), [U-Haul's Wantage, New Jersey mixed-use buy](https://www.yourcaio.co/news/u-haul-wantage-plaza-cubesmart-route-23-acquisition-october-2026), and [Connolly Brothers' CubeSmart delivery in Canton, Massachusetts](https://www.yourcaio.co/news/connolly-brothers-cubesmart-canton-massachusetts-delivery-october-2026). Rupp's is the opposite end of the capital stack: one seller, one buyer, undisclosed price, operational upside from management and expansion rather than REIT equity issuance. Compare Stacy with [Merit Hill's $6.9 million Kissimmee StorQuest Express purchase](https://www.yourcaio.co/news/merit-hill-capital-kissimmee-storquest-express-6-9-million-october-2026). Both are single-asset trades on modern product with lease-up or professionalization upside, but Minnesota's buyer thesis is interstate logistics and entitled square feet, while Florida's is tourism-corridor population growth. --- ## The Numbers Worth Writing Down - **September 28, 2026**: closing date for Rupp's Indoor & Outdoor Storage. - **214 units**: total count including vehicle parking spaces in Argus's release. - **47,325 SF**: rentable square footage at closing announcement. - **53,000+**: daily vehicles visible from Interstate 35, per Argus. - **12.3 acres**: site area on a 2022-built property. - **~7,300 SF**: approved additional storage buildings in May 2026 marketing materials. - **$3,200,000**: list price when marketed earlier in 2026 (not confirmed closing price). --- ## Entitlements Travel With the Asset Now In a year when [Trepp flagged refinancing stress on securitized storage loans](https://www.yourcaio.co/news/trepp-securitized-self-storage-occupancy-refinancing-stress-september-2026) and REITs lean on forward equity, a Stacy-sized trade looks small. It is also the liquidity layer that keeps brokers busy. Sellers who built in 2022 with expansion approvals banked option value beyond today's NOI. Buyers who combine local knowledge with national revenue management can underwrite both occupancy and the next building without a zoning fight. Argus's October 1 announcement does not name the buyer or price. It does confirm the market still clears modern interstate storage when the story is visibility plus growth paper, not just cap rate arbitrage. --- ## Sources - [Argus Broker Affiliates Announce Sale of Rupp's Indoor & Outdoor Storage in Stacy, MN](https://argus-selfstorage.com/argus-broker-affiliates-announce-sale-of-rupps-indoor-outdoor-storage-in-stacy-mn/), Argus Self Storage Advisors, October 1, 2026 - [Rupp's Indoor & Outdoor Storage offering flyer](https://argus-selfstorage.com/wp-content/uploads/2026/05/flyer_stacymn.pdf), Area Storage Advisors, May 2026 - [Now listed on ListSelfStorage.com – Rupp's Indoor & Outdoor Storage, Stacy, MN](https://www.linkedin.com/posts/list-self-storage_selfstorage-storageforsale-storageinvesting-activity-7462570283913338882-uf5j), List Self Storage, May 2026 ## Frequently Asked Questions ### When did Rupp's Indoor & Outdoor Storage in Stacy, Minnesota, sell? Argus broker affiliate Area Storage Advisors announced the sale October 1, 2026, with a closing date of September 28, 2026, for Rupp's at 5550 Sherman Oaks Road in Stacy, Minnesota. Financial terms were not disclosed in the broker release. ### How big is the Rupp's storage facility in Stacy, MN? Argus reported 214 units totaling 47,325 rentable square feet on a 12.3-acre site built in 2022. The mix includes 193 storage units and 21 RV, boat, and vehicle parking spaces with Interstate 35 visibility to more than 53,000 vehicles daily. ### Does the Stacy, Minnesota, storage property have room to expand? Yes. Argus noted approved plans for additional storage buildings, eliminating entitlement risk for the buyer. A May 2026 offering flyer cited approved expansion potential of about 7,300 square feet of new storage buildings on the 12.3-acre parcel. ### Who brokered the Rupp's Stacy, Minnesota, self-storage sale? Alex Ihrke served as lead agent for Area Storage Advisors, an Argus Self Storage Network affiliate, exclusively representing the seller and procuring the buyer. Nathan Gottlieb and Tom Flannigan supported the Minnesota-Iowa-Dakotas Argus team, reachable at 612-790-3747 per the October 1 post. ### How does the Rupp's sale compare with other September 2026 Midwest trades? The Stacy asset is a single 2022 vintage interstate property with outdoor income and expansion paper. [Inland ALT REIT paid about $32.2 million for two Wisconsin Extra Space conversions](https://www.yourcaio.co/news/inland-alt-reit-wisconsin-322-million-devon-september-2026), a larger portfolio play. Rupp's fits buyers seeking mom-and-pop to institutional operational upside on one visible pad. --- Cite as: David Cartolano, "Rupp's Indoor & Outdoor Storage in Stacy, Minnesota, Sells on September 28, 2026 With I-35 Visibility and Expansion Plans," YourCAIO.co, 2026-10-05, https://www.yourcaio.co/news/rupps-indoor-outdoor-storage-stacy-minnesota-sale-september-2026