1609 SW 33rd St - Warehouse FOR SALE


Minot, ND 58701- Souris Valley
$1,528,725 USD
701-428-1243
1609 SW 33rd St, Minot, ND for Sale
$1,528,725 USD
Warehouse - FOR SALE
1/9
null | 8% Cap Rate

1609 SW 33rd St
Minot, ND 58701
Souris Valley


HIGHLIGHTS

  • Single-tenant United Rentals investment opportunity located at 1609 33rd Street SW in Minot, North Dakota
  • 100% leased to United Rentals Realty, LLC
  • Approximately 15 years of operating history at this location, with the original lease commencing in September 2011
  • Tenant recently exercised its five-year extension option, extending the lease term through September 30, 2031
  • Current rent is $9,265/month through September 30, 2026
  • Rent increases 10% to $10,191.50/month beginning October 1, 2026

OVERVIEW

Single-tenant United Rentals investment opportunity located at 1609 33rd Street SW in Minot, North Dakota ±9,907 SF industrial service / repair facility situated on ±1.895 acres 100% leased to United Rentals Realty, LLC Approximately 15 years of operating history at this location, with the original lease commencing in September 2011 Tenant recently exercised its five-year extension option, extending the lease term through September 30, 2031 Current rent is $9,265/month through September 30, 2026 Rent increases 10% to $10,191.50/month beginning October 1, 2026 Priced at an 8.00% cap rate on October 2026 rent, with yield growing to 8.80% in the option period One remaining five-year renewal option Functional service / warehouse facility with office component, gravel yard / parking area, and drive-in access Net-leased structure provides stable cash flow with limited landlord responsibilities Opportunity to acquire a nationally recognized tenant in a smaller-market industrial investment Located in southwest Minot, the property benefits from access to the city's commercial, contractor, and industrial user base. Minot serves as a regional hub for north-central North Dakota, supporting agriculture, construction, energy, logistics, and service-related businesses throughout the broader trade area.

FOR SALE DETAILS

PRICE

$1,528,725 USD

PRICE/SF

$159 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.89

LAND SF

82,328

ZONING

-

APN/PARCEL ID

HA-28097-020-001-0,HA-28097-020-002-0

ASK ABOUT THIS PROPERTY

Jeff LunnenLunnen Real Estate ServicesMore Info
701-428-1243

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Jeff LunnenLunnen Real Estate ServicesMore Info
701-428-1243

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.