PROPERTY FOR SALE

COMMERCIAL OFFICE BUILDING – DICKINSON, ND

 
PRICE:  $5,788,000
CAP RATE:  8.50%
 
 
 
Property Address:  1463 I-94 Business Loop East – Dickinson, ND
 
Property Note:  Pifer’s Auction & Realty is pleased to offer for sale to qualified buyers an attractive newly built office and shop property in Dickinson, ND.  The new 24,000 SF office and existing 7,200 SF shop (Built in 2007) property is on a main thorough-fair, I-94 Business Loop. The city of Dickinson, ND is a thriving community of 19,000+ and growing and is centrally located in the Williston Basin which encompasses the Bakken and Three Forks oil production fields.  This property is 100% leased and guaranteed.  Property is subject to be up and running September 1, 2012.
 
Contact:  Larry O’Callaghan at 701.799.7560 or Kevin Pifer at 701.238.5810 for more information or Pifer’s Auction & Realty at 877.700.4099 for a complete catalog.  You can also download the catalog above!
 

Property Information:
 
LEASE ABSTRACT
Property Type:  Office/Shop
Price:  $5,788,000
Cap Rate:  8.50%
Tenant:  Anonymous
Building Size:  24,000 SF
Garage/Shop Size:  7,200 SF
Land Area:  131,551.2 SF or 3.02 Acres
Lease Expiration:  September 1, 2019
Renewal Options:  One (1), Five (5) year including a Ten (10%) percent rent increase
Current Annual Rent:  $492,000
Lease Type:  NNN Lease
 
INVESTMENT HIGHLIGHTS
·  New construction offices with existing shop area with move in date of Sept. 1, 2012.
·   Newly executed Seven (7) year NNN Lease commencing September 1, 2012.
·   One Five (5) year renewal term including Ten (10%) percent rent increase.
·  Strategically located along I-94 the city’s main thoroughfare  Business Loop.
·  Property has great access just minutes off of Exit #64 from Interstate 94.
 
Pifer's Auction & Realty obtained information from sources deemed reliable, but does not guarantee its accuracy.  Pifer's encourage due diligence of property and related information by prospective buyers. Pifer’s Auction & Realty, 1506 29thAve South, Moorhead, MN 56560.