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- LoopNet Team
4926 Highway 85
Williston, ND 58801
20,000 SF Building, Office & Yard · Industrial Property For Sale
PROPERTY FACTS
UTILITIES
- Lighting
- Gas
- Water
- Heating
ABOUT 4926 HIGHWAY 85 , WILLISTON, ND 58801
Investment Property | +/- 20,000 SF Industrial Building, Office & Yard | Williston ND 10% cap rate NOI: $250,923 2% - 2.5% annual rent increases Tenant(s) Info NoDak Oilfield Services Both of these leases are around $12/SF/YR NNN, in a market that is currently $15/SF/YR NNN and rising. This building has never been vacant, because of the location it leases very quickly when tenants leave. BAKKEN OVERVIEW: North Dakota is on track to produce 2 million barrels of oil per day by 2030. We can expect a significant increase in Bakken oil and gas reserves when the U.S. Geological Survey is revised later this year. The Bakken is going to produce oil and gas for generations to come. Continental Resources estimates that the Bakken Formation has reserves of 30 billion to 40 billion barrels of recoverable oil, or roughly four to five times more than the government’s latest estimate.
PROPERTY TAXES
| Parcel Number | 45-154-01-31-04-020 | Improvements Assessment | $854,720 |
| Land Assessment | $169,500 | Total Assessment | $1,024,220 |
PROPERTY TAXES
