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Features

Property Information:
Purchase Price: $1,972,000
CAP Rate: 8.45%
Building Size: 9,982 Sq. Ft.
Base Rent: $18.89 Per Sq. Ft.
Lease Terms: 5 Years
Year Built: 2000
Zoning: Commercial
Parcel #: 01-2304-00179-000
Unpaid Specials: $19,048.24
Taxes: $21,828.21


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Description |  

Fantastic Investment property with a solid tenant! Located just off of 25th street between the 13th Avenue South and Main Avenue business corridors in one of Fargo¡¦s dense commercial parks. This property has been completely remodeled by the tenant and houses one of the strongest radio broadcast towers in the region.
A great opportunity for any investor looking for a property with a strong and stable tenant or a developer looking for land in a highly desirable location. Tenant just signed a new 5 year lease with 5 year options for extension. With city restrictions limiting new radio tower construction, this property is a safe bet at keeping a solid 15 year tenant.


Marvin Greenberg -
Keller Williams Realty

P (701)  701-200-9447

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