Industrial Investment Property 13745 55th St NW 14,030 SF Industrial Building Williston, ND 58801 $2,560,680 CAD ($182.51 CAD/SF) 13.33% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% leased through 4/30/26
- NOI: $240,000
- 13.33% cap rate
- $540k+ of improvements made in 2022
EXECUTIVE SUMMARY
100% leased through 4/30/26
$20,000/month NNN
13.33% cap rate
$540k+ of improvements made in 2022 to include:
New underground water lines installed to all buildings
Roofs replaced on all buildings
Installed new walk through doors on shop buildings
Installed metal liner panel on all walls and ceiling in truck shop
Installed new concrete in west shop bay
Installed new concrete apron in front of wash bay
Significant dirt work on property
±14,030 SF Industrial Building(s) | 3 Building(s) | ±14 Acre Stabilized Yard
Building 1: ±6,000 SF Shop with office and mezzanine storage
Building 2: ±5,300 SF Shop
Building 3: ±2,730 SF Office
Reception area, 3 offices, conference room, 2 bathrooms
(4) 16 x 14 drive through bays
(8) 16 x 14 overhead doors
(2) Dedicated wash-bay, with large trench drains and a sand/oil separator system
Concrete aprons
Stabilized yard, with paved road access
$20,000/month NNN
13.33% cap rate
$540k+ of improvements made in 2022 to include:
New underground water lines installed to all buildings
Roofs replaced on all buildings
Installed new walk through doors on shop buildings
Installed metal liner panel on all walls and ceiling in truck shop
Installed new concrete in west shop bay
Installed new concrete apron in front of wash bay
Significant dirt work on property
±14,030 SF Industrial Building(s) | 3 Building(s) | ±14 Acre Stabilized Yard
Building 1: ±6,000 SF Shop with office and mezzanine storage
Building 2: ±5,300 SF Shop
Building 3: ±2,730 SF Office
Reception area, 3 offices, conference room, 2 bathrooms
(4) 16 x 14 drive through bays
(8) 16 x 14 overhead doors
(2) Dedicated wash-bay, with large trench drains and a sand/oil separator system
Concrete aprons
Stabilized yard, with paved road access
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$4,790,178,824
|
$341,424.01
|
PROPERTY FACTS
| Price | $2,560,680 CAD |
| Price Per SF | $182.51 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 13.33% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 14.00 AC |
| Rentable Building Area | 14,030 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2000/2023 |
| Tenancy | Single |
| Parking Ratio | 2/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 4 |
AMENITIES
- Reception
1 of 1
PROPERTY TAXES
| Parcel Number | 46-155-01-27-00-010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $747,869 CAD |
ZONING
| Zoning Code | Industrial |
