8,250 SF Industrial Shop & Office for Sale or Lease

Transcription

1 8,250 SF Industrial Shop & Office for Sale or Lease BASSETT LANE, WILLISTON, ND 58801

2 EXECUTIVE SUMMARY PROPERTY OVERVIEW 8250 SF Industrial Shop & Office for Lease on 5 acres located just off of HWY 2 in the Missouri Ridge Commercial Park North of Williston, ND. PROPERTY SUMMARY Available SF: Lease Rate: Lot Size: Building Size: 8,250 SF $15.00 SF/yr (NNN) 5 Acres 8,250 SF PROPERTY HIGHLIGHTS 8,250 SF (PLUS 1,250 SF MEZZANINE ABOVE OFFICES) APPROX. 1,250 SF OFFICE 3 OFFICES KITCHEN/BREAK ROOM RECEPTION AREA 2 RESTROOMS, ONE WITH SHOWER (ONE OPENING INTO SHOP AREA) 2 DRIVE THRU BAYS RADIANT HEAT IN OFFICE AND SHOP 3 PHASE POWER FOR WAREHOUSE EQUIPMENT YARD 5.01 ACRES GRAVEL SURFACE SEPTIC SYSTEM Grade Level Doors: 4 20 CLEAR HEIGHT Year Built: 2015 Zoning: Industrial Cross Streets:

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6 CUSTOM PAGE

7 FOR LEASE LOCATION MAPS

8 AERIAL MAP

9 FLOOR PLANS

10 DEMOGRAPHICS MAP 1 Mile 10 Miles 30 Miles Total Population 10 21,254 29,452 Population Density Median Age Median Age (Male) Median Age (Female) Total Households 4 9,088 12,727 # of Persons Per HH Average HH Income $77,805 $67,900 $68,656 Average House Value $155,964 $103,722 $109,453 * Demographic data derived from 2010 US Census

11 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 SITE DESCRIPTION add text... 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

12 MARKET DESCRIPTION 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

13 ADVISOR BIO & CONTACT 1 JEFF LUNNEN Managing Principal & Broker Professional Background Lunnen Real Estate Services Inc. is a multi-state Real Estate Development, Brokerage & Investment 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. Lunnen has been involved in over $100MM in real estate transactions in the Bakken, created 5 industrial parks and built over 500,000 SF of industrial space for lease and sale. is a Commercial Real Estate 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 RANCHO VIEJO ROAD T C ND #9171 Using his experience and insight into the marketing and disposition processes Jeff has marketed over 900 million in commercial and residential assets throughout the country. 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. Memberships & Affiliations Jeff is a licensed Real Estate Broker in both 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.