- Rare Opportunity to Enter One of the Country’s Most Economically Stable Small Markets with Three Seasoned Self Storage Locations
- Excellent Supply and Demand Dynamic with Under Six Square Foot Per Capita and Over 90 Percent Average Physical Occupancy Throughout the Market
- Upside Through Leasing Up a New Expansion and Implementing Revenue Management Software
- Well Located Portfolio with Superior Amenities when Compared to Most of the Competition
- Well Maintained Improvements, Limited Deferred Maintenance
Security Self-Storage is a three property self storage portfolio located in Fargo, North Dakota. Spanning 1,319 units and 163,720 net rentable square feet, the assets are strategically located along primary infill corridors with excellent signage and visibility. The properties are newer when compared to the competitors and have been well maintained. The stores offer competitive amenities such as climate-controlled units, professional leasing offices, and high security gun storage, that truly make them stand out from the competition.
The portfolio has historically stayed occupied in the in mid 90’s presenting investors with a proven stabilized investment with additional upside through the new expansion at the north facility and implementing revenue management and dynamic pricing software. With only 5.49 square feet of storage per capita in the Fargo-Moorhead MSA, the trade area is well positioned to support additional upside potential moving forward. Average occupancy across the market fluctuates in the 90’s year round.
The Fargo market recently came in at #76 on Livibility’s top 100 best places to live in 2018 and was ranked by ZipRecruiter as having the best job market in the country in 2018. Major employers in the area include Sanford Health, U.S. Bank, North Dakota State University, Blue Cross Blue Shield of ND, Fargo VA Medical Center, Microsoft, Sheels, Case New Holland, John Deere Electronic Solutions and Wanzek Construction, a testament to the economic diversity in Fargo. The 119th Wing of the Air National Guard calls Fargo home. The mission of this division is to provide trained and ready Airmen executing world class precision attack and reconnaissance, kinetic and non-kinetic target intelligence production.