Self-Storage Facility with 362
For Sale
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2101 12th St N, Fargo, ND 58102
Well-established Fargo self-storage facility with 362 units and 56,180 NRSF, built in 2001.
Property Size56,180 SF
Days on Market10
Property Features for 2101 12th St N
General Information
Standard status
Active
Size
56,180 SF
Property subtype
Self Storage
Occupancy
82%
Building Details
Year Built
2001
Listing Agency:
JDS Real Estate Services, Inc.
(213) 446-5366
Listed By:
Jennifer Stein · License #01507135
Source:
Crexi
Added: Jul 21
Changed: Jul 26
Last Checked: Jul 30 at 4:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JDS Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
Mid-States Storage is a well-established self-storage facility in Fargo, ND, offering 56,180 NRSF across 362 units. The property was built in 2001 and is currently operating at approximately 82% physical occupancy and 76% economic occupancy, with in-place performance supported by steady collections.
Market conditions cited by the owner indicate exceptionally low local self-storage supply, measured at 3.82 SF per capita within one mile and 6.85 SF per capita within three miles, along with zero planned self-storage developments within a five-mile radius. The facility is also described as having in-place rents roughly 29% below market.
Projected operating improvements include stabilizing rents at $0.99/SF and adding 15,000 NRSF of climate-controlled storage, with the owner projecting NOI growth from $178,122 to $379,981.
Market conditions cited by the owner indicate exceptionally low local self-storage supply, measured at 3.82 SF per capita within one mile and 6.85 SF per capita within three miles, along with zero planned self-storage developments within a five-mile radius. The facility is also described as having in-place rents roughly 29% below market.
Projected operating improvements include stabilizing rents at $0.99/SF and adding 15,000 NRSF of climate-controlled storage, with the owner projecting NOI growth from $178,122 to $379,981.
Key Highlights
- Self‑storage facility in Fargo, ND built in 2001 offering 56,180 NRSF across 362 units
- Operating performance: 82% physical occupancy and 76% economic occupancy
- Low local supply reported: 3.82 SF per capita within 1 mile and 6.85 SF within 3 miles, with zero planned developments within 5 miles
Property Analytics
Current Use
Lease Details
82%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,986
Businesses Nearby
Explore this area
Business Placement
Demographics for 58102, ND
30,767
Population
16,757
Households
1.8
Avg Household Size
32
Median Age
45%
College-Educated
95%
High-School Grad
31.6 sq mi
ZIP Area
974
Density / Sq Mi
$56,028
Median Household Income
$31,939
Median Earnings
$829
Median Rent
$235,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Well-established Fargo self-storage facility with 362 units and 56,180 NRSF, built in 2001.
Where is this self storage facility located?
The property is located at 2101 12th St N Fargo, ND.
What are key features of this property?
This property features: Self‑storage facility in Fargo, ND built in 2001 offering 56,180 NRSF across 362 units; Operating performance: 82% physical occupancy and 76% economic occupancy; Low local supply reported: 3.82 SF per capita within 1 mile and 6.85 SF within 3 miles, with zero planned developments within 5 miles
