6801 27Th AveGrand Forks, ND 58203

For Sale
$1,850,000

Multi-tenant flex warehouse, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional investment opportunity presents a Class A, multi-tenant industrial property encompassing 9,520 square feet situated on an 8-acre lot in Grand Forks, North Dakota. The property, built in 2015, features two units with 100% occupancy under a Net Lease (NNN) agreement, generating a substantial annual Net Operating Income (NOI) of $98,400. Each unit benefits from a 16-foot ceiling height, ideal for various industrial uses. The property's flex and manufacturing capabilities, combined with its strategic location and ample land, offer significant potential for future development. City sewer and water services are readily available, along with substantial natural gas and power supplies to accommodate a wide range of tenants. This sale includes two parcels, providing an attractive value-add investment opportunity for both owner-users and investors seeking a strong return on investment. The property's current income stream, coupled with the development potential of the remaining land, makes this a compelling proposition in the thriving Grand Forks market. The address is 6801 27th Ave N, Grand Forks, ND 58203.

Highlights

  • $1,850,000 asking price for a Class A industrial property.
  • 9,520 square feet on an 8-acre lot in Grand Forks, ND.
  • Multi-tenant, Net Leased (NNN) investment property with 100% occupancy and two tenants.
  • $98,400 annual Net Operating Income (NOI).
  • Built in 2015 with 16-foot ceilings.
  • Includes flex, manufacturing, and warehouse space.

Property Details for 6801 27Th Ave

Property type
Other warehouses, Other industrial properties
Square Feet
9,520 SF
Class
A
Year Built
2015
Lot Size (sq. ft)
348,480 SF
Units
2

Location Insight

City
Grand Forks
County
Grand Forks
State
North Dakota
Latitude
47.947586816151
Longitude
-97.130024153313
6801 27Th Ave, Grand Forks, North Dakota

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6801 27Th Ave
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