Listed by Northmarq Capital, LLC, Northmarq - Nashville
$5,611,575
FedEx Ship Center
Details
APN 01-111-00-00-00-010
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 23,290
Units 1
Cap Rate 6.50%
NOI $364,752
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 15
Lease Expiration 11/30/2032
Remaining Term 6.5
Rent Bumps Yes
Lease Options 3, 5-Year Options
Year Built 2017
Buildings 1
Stories 1
Lot Size (SqFt) 108,546
Zoning M-2, Heavy Industrial
Parking Spaces 59 spaces
Parking Per SqFt 2.53
Lease Commencement 12/01/2017
Ground Lease No
Dock High Doors 13
Ownership Fee Simple
Passive NN Lease w/ 3% Increases Every 5 Years | BTS | Ideal Logistics Location
Marketing description
Northmarq Commercial, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale, the 100% fee-simple interest in the FedEx Ship Center located at 8923 Oil Avenue in Williston, North Dakota (the “Property”). A build-to-suit facility constructed in 2017, the Property encompasses 23,290 square feet on 2.50 acres within the Bakken Industrial Park at the intersection of US-2 and US-85.
Investment highlights
- BEST-IN-CLASS, INVESTMENTGRADE CORPORATE LEASE
- RELOCATION FACILITY
- 2017 BUILT-TO-SUIT CONSTRUCTION
- SYNERGISTIC LOCATION FOR FEDEX
- PASSIVE INVESTMENT OPPORTUNITY
- CERTIFIED “BOOMTOWN”
- IDEAL LOGISTICS LOCATION
- INCREDIBLY AFFLUENT MARKET
- BAKKEN FORMATION OPPORTUNITY
Listing Contacts
Listed by Northmarq Capital, LLC, Northmarq - Nashville
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$364,752.00
$30,396.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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