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2801 University Dr S
Fargo, ND 58103
Sandford Medical Center · Retail Property For Sale
EXECUTIVE SUMMARY
This 54,664-square-foot medical center in Fargo is a premier healthcare facility anchored by Sanford Health, the largest rural health system in the United States. Sanford has been a tenant in the building for 15 years and recently demonstrated its long-term commitment by signing a 12.5-year lease renewal. Within the property, Sanford Health operates specialized practices including nephrology, plastic surgery, sleep medicine, and dialysis—making the facility a vital hub for advanced and long-term patient care in the region.
Headquartered in Sioux Falls, South Dakota, Sanford Health is dedicated to transforming the healthcare experience and expanding access to world-class care across America’s heartland. The nonprofit system serves 2.4 million patients and 425,000 health plan members across the upper Midwest, supported by 56 hospitals, more than 288 clinic locations, 147 senior care communities, 4,000 physicians and advanced practice providers, nearly 1,500 clinical trials and studies, and five world clinic locations worldwide. This strong institutional presence, combined with the recent long-term lease renewal, underscores the stability and strategic importance of the property within the region’s healthcare infrastructure.
Headquartered in Sioux Falls, South Dakota, Sanford Health is dedicated to transforming the healthcare experience and expanding access to world-class care across America’s heartland. The nonprofit system serves 2.4 million patients and 425,000 health plan members across the upper Midwest, supported by 56 hospitals, more than 288 clinic locations, 147 senior care communities, 4,000 physicians and advanced practice providers, nearly 1,500 clinical trials and studies, and five world clinic locations worldwide. This strong institutional presence, combined with the recent long-term lease renewal, underscores the stability and strategic importance of the property within the region’s healthcare infrastructure.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
54,436 SF
Building Class
B
Year Built/Renovated
1983/2009
Price
$16,500,000
Price Per SF
$303.11
Cap Rate
5.98%
NOI
$986,670
Tenancy
Single
Building Height
2 Stories
Building FAR
0.47
Lot Size
2.67 AC
Zoning
Commercial
Parking
140 Spaces (2.57 Spaces per 1,000 SF Leased)
Frontage
284’ on University Dr S
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 01-0265-00020-000 | Improvements Assessment | $3,441,400 |
| Land Assessment | $467,500 | Total Assessment | $3,908,900 |
PROPERTY TAXES
Parcel Number
01-0265-00020-000
Land Assessment
$467,500
Improvements Assessment
$3,441,400
Total Assessment
$3,908,900
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