Leased Multi-Tenant Industrial Investment Property

Highlights:

• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.

Description:

For Sale

Discover the thriving industrial environment surrounding this valuable investment property in Williston, ND. Boasting a strong energy sector and strategic transportation infrastructure, the area is primed for industrial and flex space development. Investors can capitalize on the region's proximity to key points of interest such as the Williston Basin International Airport, the Missouri River, and numerous oil and gas producers. With a notable reputation for business-friendly policies and a skilled workforce, Williston offers a compelling opportunity for industrial and flex space investors looking to establish a presence in this dynamic market.

Strategic Multi-Tenant Asset in a Supply-Constrained Market — Williston’s industrial sector is heavily undersupplied with modern, demisable multitenant space, creating strong leasing velocity and tenant retention across a broad range of service providers to the oil and gas industry.