2103 Demers Ave - Warehouse FOR SALE


Grand Forks, ND 58201
$2,300,000 USD
701-893-2826
2103 Demers Ave, Grand Forks, ND for Sale
$2,300,000 USD
Warehouse - FOR SALE
1/2
null | 8% Cap Rate

2103 Demers Ave
Grand Forks, ND 58201


HIGHLIGHTS

  • Large visible signage on Demers Avenue
  • Frontage road access
  • Five overhead doors in the main retail/warehouse building
  • Employee lounge
  • Two mezzanines and conveyor to mezzanine
  • Security surveillance

OVERVIEW

Fantastic investment property is now for sale on the highly visible Demers Avenue in Grand Forks! The property consists of five buildings total, including the current Dakota Boys and Girls Ranch retail store and warehouse, rented storage units, rented auto shop, and two rented residential houses. Dakota Boys and Girls Ranch intend to sign a long-term lease with the new owner, making it a great anchor tenant. This unique property has many highlights, including large visible signage on Demers Avenue, frontage road access, five overhead doors in the main retail/warehouse building, employee lounge, two mezzanines, conveyor to mezzanine, multiple restrooms, and security surveillance. At an approximate 8% proforma cap rate, this is a great opportunity for an investment property with potential for redevelopment in the future! *Financials and leases are available upon request.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$61 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.71

LAND SF

74,277

ZONING

C

APN/PARCEL ID

44-3307-00048-001,44-3307-00049-001,44-3307-00054-001

ASK ABOUT THIS PROPERTY

Paul CampbellGoldmark Commercial Real Estate, Inc.More Info
701-893-2826

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

Paul CampbellGoldmark Commercial Real Estate, Inc.More Info
701-893-2826

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