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25465474
25465461

3 Locations

JE
ND 10937, MN 40766357
Horizon Real Estate Group
Horizon Real Estate Group
Listed by Horizon Real Estate Group
$3,377,026
310 days on market
Updated 17 days ago

The Shops On 1st

Details
Property Type Industrial, Office (+2)
Sub Type Executive Office, Warehouse (+1)
Net Rentable (SqFt) 41,305
Units 145
Cap Rate 7.75%
NOI $261,545
Occupancy 100%
Price per SqFt $72
Year Built 1993,1977,1979
Buildings 8
Acreage 3.050
Zoning GC
Investment Type Value Add

Industrial | 7.75% CAP

Marketing description

Rare opportunity to acquire an industrial investment portfolio featuring a mix of affordable shop space and self-storage. Ideally situated in a prime location, the property boasts strong occupancy, solid returns, and a diverse tenant mix. Delivers a solid return on investment with actual 2024 NOI of $261,545.32

Investment highlights

  • Delivers a solid return on investment with actual 2024 NOI of $261,545.32

  • A total of approximately 25,305 square feet of rentable shop space and 15,985 square feet of self storage

  • Includes a diverse mix of affordable shop bays and self-storage, centrally located in Fargo

  • Rare opportunity to acquire a well-rounded and diverse industrial portfolio

  • Prime location with excellent visibility and access

  • Strong occupancy across all property types

  • Low Specials!

  • Interested buyers to call for financials

  • 1709 BUILDING

  • KEY HIGHLIGHTS

  • Number of Shop Units 14

  • Average Unit Size 998 SF

  • OH Door Size: 10'

  • Occupancy 100%

  • Year Built: 1977

  • Construction: Block w/ Steel Siding

  • Total Building Size +/- 13,974 Square Feet

  • 1617 BUILDING HIGHLIGHTS

  • KEY HIGHLIGHTS

  • Number of Units 4

  • Average Unit Size 1,329 Square Feet

  • OH Door Size: 12'

  • Occupancy 100%

  • Year Built: 1979

  • Total Building Size: +/- 5,316 Square Feet

  • KEY HIGHLIGHTS

  • Number of Shop Units 3

  • Average Unit Size 2,005 Square Feet

  • OH Door Size: +/- 14'

  • Occupancy 100%

  • Year Built: 1977

  • Total Building Size +/- 6,015 square Feet

  • STORAGE UNITS

  • KEY HIGHLIGHTS

  • Number of Units 124

  • Unit Size(s) 5' x 5' - 10' x 25'

  • Occupancy 83%

  • Total Building Size +/- 15,985 square feet

Listing Contacts

JE
ND 10937, MN 40766357
Horizon Real Estate Group
Horizon Real Estate Group
Listed by Horizon Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$261,545.32
$21,795.44/mo

Valuation Metrics

0
DSCR
7.74%
Cap Rate
7.74%
ROI

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Additional Information

Name
Jace Engelstad
License
10937
Brokerage Phone
7012618061
Name
David Schlossman
License
ND 8360
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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