Leased Multi-Tenant Industrial Investment Property

Highlights

• 87.5% Occupied | $445,585 Current Net Operating Income (NOI) — Income backed by a diverse and durable tenant base of established regional operators, many of which are directly tied to core oilfield activity in the Bakken.
• Broad Tenant Appeal Across Oil & Gas Support Sectors — Ideal for companies engaged in compression, lift systems, fabrication, transportation, maintenance, and other essential upstream/downstream services — a reflection of Williston’s critical role in the Bakken.
• Modern, Flexible Construction — Two ±17,680 SF buildings (35,360 SF total) on ±3.49 acres with reinforced slabs, overhead doors, demisable units, and ample power.
• Offered at $4,600,000 | 9.68% In-Place Cap Rate | $130/SF — Well below estimated replacement cost for comparable new construction (±$200/SF+), offering immediate yield and long-term basis protection.
• Prime Location | Hwy 2/85 Access — Quick access to regional trucking routes and the heart of Bakken oil activity.
• Reliable Cash Flow with Upside — Long-term leases structured on NNN terms (tenant responsible for taxes, insurance, maintenance, and management), providing stable income and clear pathways for growth via lease-up and future rent escalations.
• Significant Value-Add Upside — 4,420 SF of vacancy in the 5051 Building offers near-term leasing potential, with market rents projected at $14.25/SF NNN — equating to an additional $62,985 in annual NOI once stabilized.
• Strategic Multi-Tenant Asset in a Supply-Constrained Market — Williston’s industrial sector is heavily undersupplied with modern, demisable multi-tenant space, creating strong leasing velocity and tenant retention across a broad range of service providers to the oil and gas industry.

Location

Getting Around

• Bike Score ®

  25/100 Somewhat Bikeable

Points of Interest