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1202 2Nd Ave Watford City, ND 58854

Flex Space, Sale-Leaseback Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 27,825+/- square foot flex industrial portfolio situated on a 23.27+/- acre lot in Watford City, North Dakota. The property comprises five buildings, constructed in 2012, and features a mix of warehouse and office space. Building 3 boasts a substantial 7,200+/- square foot warehouse with four 16-foot drive-in doors and 1,625 square feet of office space. Buildings 4 and 5 each offer 4,800+/- square feet of warehouse space, each with a single 16-foot drive-in door. Building 1 contains an additional 1,400+/- square feet and Building 2 offers 8,000+/- square feet. The property is currently 81% leased to two tenants, with leases expiring July 31, 2026, representing a remaining lease term of approximately 1.7 years. The property is fully fenced and conveniently located off 2nd Ave SW, just one mile west of downtown Watford City, offering direct highway frontage. The property is zoned commercial and has a Parcel ID of 82-73-15150. This sale-leaseback opportunity includes the seller leasing back a small portion of the remaining office space (three offices in Building 1) and approximately 1-2 acres of land. The property is listed at a 13.6% cap rate. Further details are available upon request.

Highlights

  • Sale-leaseback opportunity: NNN industrial investment.
  • 27,825+/- SF flex industrial portfolio on 23.27+/- acres.
  • Five buildings totaling 27,825+/- SF.
  • Building 1: 1,400+/- SF.
  • Building 2: 8,000+/- SF.
  • Building 3: 8,825+/- SF, including 7,200+/- SF warehouse with four 16' drive-in doors and 1,625 SF of office space.

Property Details for 1202 2Nd Ave

Property type
Industrial properties, Flex space
Class
C
Year Built
2012
Buildings
5
Stories
1
Lot Size (sq. ft)
1,013,641 SF

Location Insight

City
Watford City
County
McKenzie
State
North Dakota
Latitude
47.7988844
Longitude
-103.3004819

FAQs

What type of property is this?
Industrial property - Flex Space, Sale-Leaseback Opportunity
Where is the industrial property located?
The property is located at 1202 2Nd Ave Watford City, ND.
What are key features of this property?
This property features: Sale-leaseback opportunity: NNN industrial investment.; 27,825+/- SF flex industrial portfolio on 23.27+/- acres.; Five buildings totaling 27,825+/- SF.
How can I contact the broker?
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1202 2Nd Ave
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