22,500 SF Industrial Building | Williston, ND

 

HIGHLIGHTS

BUILDING SIZE: 22,500 SF
LOT SIZE: 2.5 to 5 acres
UTILITIES: To Building
DESIGN:  150' x 150'
HEIGHT:  20'
LOCATION: Missouri Ridge Williston, ND
 


Property Overview

  • 2 months free rent at move in
  • 12 months $0.50/sf for 12 months 
  • 13-24 months at $0.75 /sf 
  • After 24 months $1.00/sf with annual increase of 3%  tenant has right to cancel after 24 months with 3 months' notice. 
  • Will consider subdividing. 
  • Would also consider 90% owner carry financing. 
  • Sale price $2.2M with 90%  Seller Financing.  Annual interest 7%, 20 year amortization,  monthly P & I would be $15,505
  • 3 year balloon on balance. 

LOCATION:  Located North of Williston in the Missouri Ridge Commercial Park with easy access to HWY 2.  The property is in a prime location in Williams County, ND.

OVERVIEW:  A 22,500 SF industrial warehouse/office available for lease/sale.  The building sits on a fully stabilized 2.5 acre parcel with 12” of gravel on fabric.  There is an additional 2.5 acres contiguous that is currently leased to a national company.  This property can be purchase for future expansion. The remaining time on the lease is 2 years, and the lease generates $6,000/month.  Additionally, there is a 5 acre parcel directly across the street that would be available fore lease/sale.  The interior of the building is a shell that can be built-to-suit the needs of any company.  The plan currently calls for 2,200 SF office build out, with 3 bathrooms.

UTILITIES:
Water:  Well
Sewer:  Septic
Gas: Natural gas provided to site
Electricity:  Electricity provided to site
Phone:  Phone line provided to site  

ROADS:  Sherman Lane & Bassett Lane are Williams County spec gravel roads

ZONING:  Williams County Commercial– Flexible zoning.  This zone allows for a special permitted onsite housing (Managers Unit)

MARKET:  North Dakota is now the 2nd largest oil producer in the US, it was formerly #9.  The state has more than 2 Billion in surplus.   The unemployment rate is the lowest in the nation. The Industrial land market is booming in the Bakken, with oil producers and all related service companies looking for industrial buildings.

OIL OVERVIEW:
•10,000+ producing wells today.
•2,100 wells drilled/year (common goal)
•60,000 wells to drill
•Each well will produce for 30-40 years


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