Fargo, ND – A growing regional operator has acquired Black Label Garages, a 48-unit, 28,480 square foot drive-up storage facility in Fargo, North Dakota, purpose-built in 2023 for RV, boat, and large vehicle storage.
The facility offers a turn-key, low-maintenance ownership profile with premium tenant amenities including 24-hour gated access, security monitoring, a water fill station, and an on-site RV sewer dump. Situated on 1.86 acres, the property benefits from Fargo’s diversified and growing economy, which continues to support long-term demand for high-quality, oversized storage solutions.
The property was previously listed with a competing brokerage before coming to Argus, where it was successfully repositioned, marketed to the right buyer pool, and closed at $2,020,000, reflecting strong investor demand for modern self storage assets in growing Upper Midwest markets.
The transaction was brokered by Nathan Gottlieb, Tom Flannigan, and Alex Ihrke of Area Storage Advisors, affiliates of Argus Self Storage Advisors, who represented the seller in the sale and procured the buyer.
“Fargo continues to see strong demand for well-located, modern storage assets. This transaction reflects that appetite, and we’re excited to see the new ownership build on the facility’s early momentum,” said Gottlieb, who represented the Seller.
Based in Denver, Colorado, Argus Self Storage Advisors (Argus) 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, the Argus network 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 visit www.argus-selfstorage.com.
