8923 Oil Ave - Warehouse FOR SALE


Williston, ND 58801
$6,947,600 USD
513-300-0763
8923 Oil Ave, Williston, ND for Sale
$6,947,600 USD
Warehouse - FOR SALE
1/5
null | 5.25% Cap Rate

8923 Oil Ave
Williston, ND 58801


HIGHLIGHTS

  • 23,290 Square Foot Build-to-Suit Facility for FedEx Corporation in 2017
  • 10+ Years Remaining on an Original 15 Year Lease with 3, 5-year options to Renew
  • Minimal Landlord Responsibilities as FedEx is Responsible for Taxes, Insurance and Common Area Maintenance
  • Lease is Equipped with Rental Increases Every 5 Years and Throughout the Option Periods
  • FedEx Corporation is Rated BBB by Standard & Poor's -Investment Grade Tenant
  • FedEx Express Serves Over 200 Countries and Territories Worldwide

OVERVIEW

23,290 Square Foot Build-to-Suit Facility for FedEx Corporation in 2017 10+ Years Remaining on an Original 15 Year Lease with 3, 5-year options to Renew. Minimal Landlord Responsibilities as FedEx is Responsible for Taxes, Insurance and Common Area Maintenance Lease is Equipped with Rental Increases Every 5 Years and Throughout the Option Periods FedEx Corporation is Rated BBB by Standard & Poor's -Investment Grade Tenant FedEx's Business Model is Well Positioned to Benefit from the E-Commerce Boom FedEx Express Serves Over 200 Countries and Territories Worldwide Facility Boasts 9 Drive Ins, 1 Dock High and a Clear Height of 16 Feet Strong Location in Williston with Easy Access to US-2 Adjacent to an Additional FedEx Ship Center - Subject Property was Built to Take Advantage of the Strong Growth in the Area Located in the Heart of the Bakken Shale Oil Boom Area

FOR SALE DETAILS

PRICE

$6,947,600 USD

PRICE/SF

$298 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FedEx Express

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

9

PARKING SPACES

75

LAND DETAILS

LAND ACRES

5.91

LAND SF

257,440

ZONING

Industrial

APN/PARCEL ID

01-025-00-00-04-046

ASK ABOUT THIS PROPERTY

Brian BrockmanEncore Real Estate Investment ServicesMore Info
513-300-0763

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Brian BrockmanEncore Real Estate Investment ServicesMore Info
513-300-0763

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