14292 27TH STREET Alexander ND 58831

The Colliers Manufactured Housing Group is pleased to offer the opportunity to acquire a 100% interest in the North Dakota Industrial Portfolio, a portfolio consisting of two industrial buildings located in in the Alexander Energy Park in Alexander, ND. The Asking Price for the portfolio is $3,500,000 or $229 PSF. At this price, assuming 100% occupancy the Year 1 Pro-Forma Cap Rate is 9.1%.

OIL PRODUCTION CAPITAL OF NORTH DAKOTA | McKenzie County is the largest oil producing county in North Dakota, making it the primary economic hub of Bakken. Within 30 miles of Watford City (just 20 miles from Alexander) there are well over 4,800 oil wells. This is the largest number of wells of any North Dakota city over 5,000 people.

ROBUST INDUSTRIAL MARKET | Bakken oil production activity is at an all-time high prompting market industrial vacancy rates to drop to 2%, which makes this investment ripe for rent growth and sustainable returns. ROBUST DEMOGRAPHICS | McKenzie County is undoubtedly an economy on the rise. As of March 2019 the unemployment rate sits at only 1.7%, a 0.6% decrease from the previous year. And taxable sales and purchases in 2018 for the county increased more than 30% from the previous year. Outlooks for continued market economic growth remain bullish as oil pricing continues to increase

Bakken Commercial Land

• 11.1 acres of land ready for commercial or industrial development
• Ideally located directly on Highway 85, Watford City’s main thoroughfare, providing for excellent access.
• Situated 17.3 miles west of downtown Watford City and 2.6 miles south of downtown Alexander.
• Alexander is a main Bakken economic hub and located in the highest oil producing county in North Dakota (McKenzie).
• There is an income-producing billboard on the property.

ALL OF OUR LISTINGS

• The North Dakota Industrial Portfolio consists of two adjacent industrial properties totaling 15,260 SF in the Alexander Energy Park, a large Commercial/Industrial development off the I-85 bypass

> 14292 27th Street (4.5 acres) – Leased to JW Admin Company

@ $23.88 NNN PSF with a lease expiration of 4/30/2022

> AEP Lots 1,2,3 Block 7 (9 acres) – Current tenant to vacate

on 7/31/2019

• Market rents are approximately $18 NNN PSF today

ALL OF OUR LISTINGS