Fargo Space Center offers a fantastic opportunity to acquire a well-established, fully-occupied self storage facility in the heart of Fargo, North Dakota. It provides 22,000 square feet and 141 units of drive up self storage. The facility boasts consistently high occupancy, resulting in strong rental income at $0.75 per square foot per month.
Fargo is a thriving market with a growing population and high density. The city has experienced 7.6% population growth since 2020. Fargo Space Center is ideally situated to serve the needs of both residents and businesses in the area, including the large student population at North Dakota State University (approximately 12,000 students).
Kwiklock Storage offers a great opportunity to purchase a well-located, turnkey self storage business. The facility has consistently high occupancy in a market with minimal competitors. The property has great visibility and access making it a smooth rental experience for customers. Kwiklock is equipped with Davinci Locks and external LED lighting. Current ownership runs the property remotely using the StorEdge self storage management software. Additionally, there is a local contractor who assists with onsite responsibilities and would be willing to stay on.
Dan-Ark Mini Storage is a 19,488 RSF facility that benefits from high occupancy and is ripe for expansion on its 3.29 acres. The first building was built in 1995 and the most recent building was added in 2021.
Competition is very limited in Danville and the property is located in the center of the town. Russellville, AR is only 16 miles away to the north and Hot Springs is 40 miles to the south.
The facility offers an investor the ability to buy a stabilized, existing facility, with potential for expansion, below current replacement costs. There is further significant upside in financial performance, as the Seller’s daughter is not committed to running a storage facility long term.
CLS Self Storage is a 54,150 square foot storage portfolio located in the Clyde, TX submarket, due east of Abilene, TX. Consisting of 414 non-climate-controlled units, being 97% unit occupied, the locations have excellent exposure off a main artery within Clyde, FM 18, as well as off Interstate 20. CLS Self Storage is positioned as one of the top facilities in the submarket and continues to maintain a high unit occupancy with little advertising. This property is an ideal opportunity for a value-add buyer with the ability to grow current economic occupancy with an aim to grow rents within the submarket.
This is a great opportunity for a new buyer to buy a mismanaged deal and execute a hands-on approach. Located in desirable Lafayette, the upside in this opportunity is through physical lease-up and improvements to the property (currently at 66% unit occupancy, compared to the market, which sits at well above 90% occupancy).
Lafayette is open for business and is a strong supporter of economic development. The City is located just northwest of Denver in southeast Boulder County, 10 miles east of Boulder. The community offers a small-town atmosphere with the convenience of easy access to a major metropolitan area. Lafayette’s location, accessibility, and high-quality of life combine to make it a desirable location for residential, commercial, and light industrial development.
CubeSmart Self Storage(3rd Party Managed)$9,950,000664 Units
CubeSmart Self Storage (3rd party managed) is a new Class-A facility which opened on August 23, 2023 (ideally located at Ring Road and Tunnel Hill Road). Excellent traffic counts exceeding 20,000 VPD at the intersection on Ring Road. Strong demographics with average household incomes of $101,000 within a 5-mile radius.
CubeSmart is without question the nicest facility in town and all the competitors are 100% occupied and have been for several years. Excellent construction – Rabco building package and BCMI as the GC.
Harrisonville Mini Storage is a well-maintained, established facility with outstanding visibility at the well traveled intersection of I-49 and Missouri 7. Originally built in 1983, the facility expanded in 2015 with climate control buildings and has room for expansion.
Over 21,000 vehicles per day drive by the facility on Interstate 49, 12 miles south of the Kansas City Metro. The facility offers potential for additional income through new profit centers such as merchandise sales and commissions on truck rentals and tenant insurance.
The property is in Lake Havasu City, AZ with a 2-minute drive from Lake Havasu and the Windsor Boat Launch. This city is known as the “personal watercraft capital of the world” with a thriving snowbird and water sport enthusiast community. With the location of this property in such close proximity to Lake Havasu, it’s a great investment for anyone trying to get into the area.
Sedona Self Storage is located in town and next to the Bashas’ grocery. The property is at full occupancy and has been at full occupancy for years. The current owner has added some automation features such as a mechanical gate with keypad and a cloud-based management software. He has not implemented any revenue management or tenant insurance programs.
In addition to the storage facility and on-site office, this offering includes a separate manager’s residence. The property is located adjacent to a high-traffic section of the 89 Freeway.
Projections over the next 5 years at higher occupancy attained through unit mix revisions and market standard rental escalations, would result in net operating income growing substantially from the 1st through 5th year of ownership.
Arcadia, FL Self Storage Development Site$1,400,000
Self-Storage development site on 4.42+/- acres in the centrally located city of Arcadia, Florida. Arcadia is ‘THE’ SW hub connecting Punta Gorda, Fort Myers, Lakeland, and Port Charlotte as well as Sarasota and Bradenton. These surrounding cities are undergoing rapid growth and development expanding towards the market area. The site has 600’ of frontage on a busy corridor of Highway 17 with over 14,100 cars per day.
The proposed configuration consists of 4 single-story buildings totaling 74,910 GSF of storage; including a mix of 69,810 GSF of climate-controlled storage and an additional 5,100 GSF of drive up non-climate storage. The site has in place sidewalk, curb and gutter, full utility access and a commercial sized curb cut, apron and culvert in place. The land is ¾ cleared and mowed with no wetland or flood zone and a desirable building soil (Smyrna sand). Additionally, this site qualifies as an Opportunity Zone with tax deferrals/benefits as well as a REAP Grant eligible providing funding for solar energy if desired. The sale is contingent upon the Seller providing site plan approval and removal of political risk.
Lucky 7 Storage$850,00085 Units, 12 Containers, 32 Parking Spots Units
Lucky 7 Storage is a great opportunity to purchase a well-located, value-add self storage business. The facility is situated in Cambridge, MN, less than an hour north of the Twin Cities MSA with strong demographics. Lucky 7 Storage consists of 19,326 rentable square feet and 85 units of self storage. The facility also includes 12 storage containers, 32 parking spots and a ~500 square foot office space that could be rented out to a tenant. This value-add opportunity allows the new owner to implement streamlined management, improve the online presence and grow rent rates and ancillary revenue sources.
