For Sale
$1,850,000

6801 27Th Ave Grand Forks, ND 58203

Multi-tenant flex warehouse, high NOI.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a Class A, multi-tenant industrial property encompassing 9,520 square feet situated on an 8-acre lot in Grand Forks, North Dakota. The property, built in 2015, features two units with 100% occupancy under a Net Lease (NNN) agreement, generating a substantial annual Net Operating Income (NOI) of $98,400. Each unit benefits from a 16-foot ceiling height, ideal for various industrial uses. The property's flex and manufacturing capabilities, combined with its strategic location and ample land, offer significant potential for future development. City sewer and water services are readily available, along with substantial natural gas and power supplies to accommodate a wide range of tenants. This sale includes two parcels, providing an attractive value-add investment opportunity for both owner-users and investors seeking a strong return on investment. The property's current income stream, coupled with the development potential of the remaining land, makes this a compelling proposition in the thriving Grand Forks market. The address is 6801 27th Ave N, Grand Forks, ND 58203.

Highlights

  • $1,850,000 asking price for a Class A industrial property.
  • 9,520 square feet on an 8-acre lot in Grand Forks, ND.
  • Multi-tenant, Net Leased (NNN) investment property with 100% occupancy and two tenants.
  • $98,400 annual Net Operating Income (NOI).
  • Built in 2015 with 16-foot ceilings.
  • Includes flex, manufacturing, and warehouse space.

Property Details for 6801 27Th Ave

Property type
Warehouses, Industrial properties
Square Feet
9,520 SF
Class
A
Year Built
2015
Lot Size (sq. ft)
348,480 SF
Units
2

Location Insight

City
Grand Forks
County
Grand Forks
State
North Dakota
Latitude
47.947586816151
Longitude
-97.130024153313

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FAQs

What type of property is this?
Warehouse - Multi-tenant flex warehouse, high NOI.
Where is the warehouse located?
The property is located at 6801 27Th Ave Grand Forks, ND.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: $1,850,000 asking price for a Class A industrial property.; 9,520 square feet on an 8-acre lot in Grand Forks, ND.; Multi-tenant, Net Leased (NNN) investment property with 100% occupancy and two tenants.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Duane Wages III
Duane Wages III
Visit Broker Website

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27Th Ave
Grand Forks, ND 58203

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27Th Ave
Grand Forks, ND 58203

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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6801 27Th Ave
  • Duane Wages III
    Duane Wages III
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