Sherman Ln & Basset Lane

Transcription

1 Sherman Ln & Basset Lane WILLISTON, ND 58801

2 EXECUTIVE SUMMARY PROPERTY OVERVIEW This 22,500 SF building is available for sale or for lease, the building can be subdivided. The building sits on a fully stabilized 2.5 acre parcel with 12 of gravel on fabric. There is an additional 2.5 acres contiguous that is currently leased to a national company. This property can be purchase for future expansion. The lease generates $6,000/month. Additionally, there is a 5 acre parcel directly across the street that would be available fore lease/sale. The interior of the building is a shell that can be built-to-suit the needs of any company. The plan currently calls for 2,200 SF office build out, with 3 bathrooms. PROPERTY HIGHLIGHTS Building is for sale or lease PROPERTY SUMMARY Sale Price: $1,499,000 Seller financing available (90% financing) Overhead doors can be added to the building Fully stabilized 2.5 acres with 12" of aggregate on geo-fabric Lot Size: Building Size: 2.5 Acres 22,500 SF 2 access points into the property 2 dock high doors 150' x 150' dimensions Interior can be built to suit Zoning: Industrial

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6 FOR SALE LOCATION MAPS

7 FLOOR PLANS

8 DEMOGRAPHICS MAP 1 Mile 10 Miles 30 Miles Total Population 9 21,405 32,050 Population Density Median Age Median Age (Male) Median Age (Female) Total Households 4 9,157 13,798 # of Persons Per HH Average HH Income $76,677 $67,853 $67,690 Average House Value $150,927 $103,456 $109,902 * Demographic data derived from 2010 US Census

9 MARKET DESCRIPTION BREAK EVEN LEVELS In the Bakken core counties have uniformly come down with cost savings and infill drilling. Break-even is now firmly in the US $29-$41/bbl range (WTI oil prices today are ~US $40 - $45). OIL OVERVIEW 13,000 producing wells today. 60,000 wells to drill 1-3 production workers/well (rule of thumb) Each well will produce for years NORTH DAKOTA OIL MARKET North Dakota is now the 2nd largest oil producer in the US, it was formerly #9. The state has more than 2 Billion in surplus. The unemployment rate is one of the lowest in the nation OVER $30 BILLION SPENT ANNUALLY AS PART OF THE BOOM Sanford Health, Fargo, ND - $800M Dakota Prairie Refinery, Dickinson, ND - $300M Thunder Butte Petroleum Services Refinery, New Town, ND -$450M Three Affiliated Tribes Gas Plant, New Town, ND - $300M Hess Gas Plant, Tioga, ND - $325M Alliance Pipeline Project, ND - $170 million (pipeline completed as of Oct 2013) ONEOK Gas Plant, Watford City, ND - $2.5B Northern Plains Nitrogen, Jamestown, ND - $1.5B (construction 2017) Williston Community Center, Williston, ND - $70M Northern Plains Nitrogen, Grand Forks, ND - $1.5B Dakota Spirit AgEnergy, Spiritwood, ND - $155M Dakota Oil Processing's Trenton Diesel Refinery, Trenton, ND - $200M BNSF Investment into ND - $220M Bison Oil LLC, DevilsLake, ND - $250M

10 ADVISOR BIO & CONTACT JEFF LUNNEN Professional Background Jeff had a hand in the entitlement of 14 communities representing approximately 3,229 homes or potential gross sales revenue of approximately $640 million. is a Broker who specializes in the analysis, marketing, and disposition of commercial and residential real estate portfolios held by both private individuals and community and national banking institutions. Using his experience and insight into the marketing and disposition processes he successfully founded Lunnen Real Estate Services Inc. Since starting his own company in 2010, Jeff has marketed over 400 million in commercial and residential assets throughout the country RANCHO VIEJO ROAD T Jeff manages all facets of the business including business development, graphic design, media coordination, marketing, budgets, contracts, negotiations, escrows, and client interface. His record of success includes successful sales of Coca-Cola Enterprises bottling/distribution centers, ski resorts, tentative maps, finished lots, business condos, retail centers, RV parks, apartments, industrial/warehouses and vacant land. Lunnen Development is a multi-state Real Estate Development Company with a 35 year tradition of successful development of over 2 million square feet of creative office, industrial, residential and retail developments. The company has had a hand in the development of over 13,000 acres in Colorado, Utah, California and North Dakota. Memberships & Affiliations Jeff is a licensed broker in California & North Dakota, licensed by FINRA, and is a CA Registered Securities Agent. Education Jeff holds a BA in Business and Public Administration from Arizona State and a certificate in Light Construction and Development Management from UC Irvine.