For Sale
$1,420,000

4720 7Th AveFargo, ND 58103

High-yield, multi-tenant office complex

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 1-story, 11,590 square foot Class B office building situated on a 51,690 square foot lot in Fargo, North Dakota. Built in 1999 and renovated in 2015, the property boasts 7 units with an 80% occupancy rate, generating a strong NOI of $106,546 and a 7.50% cap rate. The asking price is $1,420,000, translating to $122.52 per square foot. The property is zoned for commercial use and operates under a NNN lease structure. This multi-tenant building offers a blend of creative and traditional office spaces, making it an attractive option for a diverse range of businesses. The property's location at 4720 7th Ave S, Fargo, ND 58103, within Cass County, provides excellent access to key amenities and transportation routes. The property is held in trust and its APN is 01-3880-01561-000. This value-add investment presents a compelling opportunity for growth and strong returns. The property's stabilized nature and proven cash flow make it an ideal addition to any portfolio.

Highlights

  • $1,420,000 asking price for a stabilized, value-add office investment.
  • 11,590 square feet, multi-tenant office building with 80% occupancy.
  • 7.50% cap rate with a Net Operating Income (NOI) of $106,546.
  • Located at 4720 7th Ave S, Fargo, ND 58103, on a 51,690 square foot lot.
  • Class B, single-story building constructed in 1999 and renovated in 2015.
  • NNN lease type, with seven units.

Property Details for 4720 7Th Ave

Property type
Office properties, Office space
Square Feet
11,590 SF
Class
B
Year Built/Renovated
1999/2015
Buildings
1
Stories
1
Units
7

Location Insight

City
Fargo
County
Cass
State
North Dakota
Latitude
46.8686307
Longitude
-96.8651605
4720 7Th Ave, Fargo, North Dakota

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4720 7Th Ave
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