8923 Oil Ave, Williston, ND 58801
23,290 SF | Industrial Building | Williston, ND 58801 | $6,947,600 ($298/SF) | 5.25% Cap Rate
For Sale
Active
5 pictures
Asking Price $6,947,600
- Property Type
-
Industrial
- Price / Square Foot
- $298
Listing Contacts
Brian Brockman
- Property Info
Property 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
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
Property Details
- Class
- B
- Year Built
- 2017
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 257,440 SF
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
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