Full Retail Real Estate Listing for Sale in Fargo, North Dakota

Name:	Marvin Greenberg
Company:	Marvin Greenberg - Keller Williams Realt
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CIMLS #:	282996
Price:	$1,972,000
Building Size:	9,982 Sq. Ft.
Type:	Retail
Address:	2720 7th Avenue South Fargo, ND 58103
County:	Cass
Documents:	None Attached
Last Updated:	12/22/2011

Property Description

Features
Property Information:

CAP Rate: 8.45%
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

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.Expenses: $21,828

Property Location

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