214 12th St NW - Warehouse FOR SALE


West Fargo, ND 58078
$1,750,000 USD
701-261-0243
214 12th St NW, West Fargo, ND for Sale
$1,750,000 USD
Warehouse - FOR SALE
1/3
null | Request Cap Rate

214 12th St NW
West Fargo, ND 58078


OVERVIEW

18,452 SF Industrial property for sale. There has been numerous improvements made since Seller purchased the property. There is currently approximately 8,070 SF available for new buyer, or to be leased to new tenant, and includes 3 restrooms, but no specific office area. The remainder of the property is leased to a long term tenant with a renewed lease through June 30th, 2034. The tenant currently leases 7,982 SF with a rent increase in years 6-10, the tenant and Seller have agreed to a future expansion of 2,400 SF with an estimated completion date of March 1, 2026 and would be coterminous with the current lease term, Seller has agreed to finance $75,000.00 of TI costs at 8% interest for the first 60 month term of the lease, the $75,000 will need to be paid by the new buyer, in addition to the sale price.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$71 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

Heating

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

5

LAND DETAILS

LAND ACRES

1.55

LAND SF

67,518

ZONING

-

APN/PARCEL ID

02-0804-00020-000

ASK ABOUT THIS PROPERTY

Bradley SturnProperty Resources GroupMore Info
701-261-0243

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Bradley SturnProperty Resources GroupMore Info
701-261-0243

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