Security Self Storage - 2 Property Portfolio for Sale
402 25th Street North
Fargo, ND 58102

Building Size: 121,810 SF
Lot: 9.50 Acres
Price: $8,800,000
Price Per SF: $72.24
Cap Rate: 7.75%

Property:
The North Security Self Storage facility is conveniently located close to NDSU and the airport. This facility has a very prosperous truck rental operation, six or more trailers with graphics that act as moving billboards around town, a 2008 Toyota Corolla transfer car, car carrier, tow dolly, miscellaneous moving equipment and a large inventory of supplies. The site looks brand new and is extremely well maintained. The facility does have some land for expansion and additional land may be available. This is the only nice facility that is centrally located with a truck rental business. The property also has billboard revenue.

The South Security Self Storage facility (located at 3825 34th Avenue SW, Fargo, ND 58104) is located where serious development is happening and has great I-29 freeway exposure. This site has an additional 2.2+/- acres and plans are completed to build 34,950 NRSF of climate controlled space. The existing 70,650 RSF are regular storage and there is a demand for climate controlled space at this location. This site has two new 6x14 ramp door trailers with graphics, which also act as moving billboards around town.

Location:
The City of Fargo is located in Cass County, North Dakota, along the Red River of the North which forms the border between Minnesota and North Dakota. Fargo's founding dates back to 1871, when the first settlers staked out homestead claims at the point where the Northern Pacific Railroad would cross the Red River. Railroads played a major role in the development of Fargo. In fact, the city was named for William G. Fargo, a director of the Northern Pacific Railroad, and co-founder of Wells Fargo Express Company. Along with West Fargo, North Dakota and Moorhead, Minnesota, it forms the center of the Fargo-Moorhead Metropolitan Area.

Fargo-Moorhead boasts of a future bright with expansion, engaging cultural diversity, and a quick start into the 21st century. The Fargo-Moorhead area is the largest metropolitan area between Minneapolis-St. Paul, Minnesota and Spokane, Washington. In the past few years, several magazines have proclaimed Fargo-Moorhead as one of the most stress free metropolitan areas in America. The air and water are clean, the economy is very active, the crime and unemployment rates are some of the lowest in the nation and the people are some of the most friendly.

• Quality facilities! Market dominance in North & South Fargo

• Fantastic website: www.selfstoragefargo.com

• North site has very prosperous truck rental operation

• North site has both regular and climate controlled space

• South site has an additional 2.2 acres of land with plans for climate controlled space

• Strong demographic trends with great upside

• Net Operating Income: $682,000

Contact Patricia Jordan at (612) 827-3844