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Dakota Acres Phase II 1 Multifamily Properties Offered at $16,500,000 in New Town, ND
Investment Highlights
- New construction in New Town
- Perfect for 1031 Exchange
Executive Summary
96 units, five-plex located in New Town at the center of Bakken oil plan. NOI $2,868,264; 9.5% cap rate sales; sale price $28,700,000 closing anytime. Expect 75 % credit tenants; seller lease back for 1 year at 100%.
New Apartments in New Town, North Dakota, fully leased by seller, perfect 1031 exchange property.
*all figures are projected; please contact listing brokerage for details.
New Apartments in New Town, North Dakota, fully leased by seller, perfect 1031 exchange property.
*all figures are projected; please contact listing brokerage for details.
Property Facts
| Price | $16,500,000 | Number of Properties | 1 |
| Price / SF | $158.65 / SF | Individually For Sale | 1 |
| Cap Rate | 9.50% | Total Building Size | 104,000 SF |
| Sale Type | Investment | Total Land Area | 6.88 AC |
| Status | Active |
| Price | $16,500,000 |
| Price / SF | $158.65 / SF |
| Cap Rate | 9.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 1 |
| Individually For Sale | 1 |
| Total Building Size | 104,000 SF |
| Total Land Area | 6.88 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Dakota Acres
815 College Dr, New Town, ND 58763 |
Multifamily | 104,000 SF | 2015 | $23,835,000 |
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Dakota Acres Phase II
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