4445 23rd Ave S - Office FOR SALE


Fargo, ND 58104
$4,900,000 USD
701-446-7731
4445 23rd Ave S, Fargo, ND for Sale
$4,900,000 USD
Office - FOR SALE
1/1
null | 6.05% Cap Rate

4445 23rd Ave S
Fargo, ND 58104


OVERVIEW

Herd Realty is pleased to present a rare opportunity to acquire a Class A, single-tenant office building in Fargo, ND. The property is 100% occupied by Northwestern Mutual on a true NNN lease with over 10 years remaining and contractual 2% annual rent escalators. Investment Highlights Fortune 500 tenant (Northwestern Mutual – #110 on the 2024 Fortune 500) Corporate guarantee True triple-net lease – tenant responsible for taxes, insurance, maintenance, HVAC, and utilities 10-year primary term remaining (expires May 31, 2036) Two (2) 5-year renewal options 2% annual rent increases Modern 2021 construction with high-end finishes Strong visibility and access near 45th St S and I-94 Location Strategically located just off 23rd Ave S, approximately 1/10 mile from the high-traffic 45th St S corridor. The property benefits from strong local traffic counts and visibility from I-94. This is a passive, credit-tenant investment with predictable income growth and long-term residual value in one of North Dakota’s strongest markets.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$436 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

59,972 SF

ZONING

-

APN/PARCEL ID

01-8731-00100-000

ASK ABOUT THIS PROPERTY

Tony PaulHerd RealtyMore Info
701-446-7731

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Tony PaulHerd RealtyMore Info
701-446-7731

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