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Warehouse

2500 Mill Road

2500 Mill Rd, Grand Forks, ND 58203

Listing Price: $3,500,000

Cap Rate
5.40%
Gross SF
2,461,140
Price/Gross SF
$1.42
Lot Size
56.50 acres
Year Built
1969
Rentable SF
131,790

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 2500 Mill Road (“Subject Property”), a leased industrial investment opportunity in Grand Forks, North Dakota. The Subject Property consists of two adjacent industrial buildings on 4 parcels, totaling 131,970± SF of rentable space. The Property is fully leased to ICS Inc, a construction company under APi Group. APi is a market-leading business services provider of safety, specialty and industrial services with a 2020 adjusted net revenue of $3.5 billion. Grand Forks is North Dakota’s 3rd largest city on the North Dakota-Minnesota border, approximately one hour north of Fargo. Grand Forks has a relatively diverse economy that includes public and private employers in sectors such as education, defense, health care, manufacturing, and food processing.

Investment Highlights

  • Value Add Opportunity
  • Below Market Rent
  • Below Replacement Cost
  • Single Tenant Industrial

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) ND: 10032

    North Dakota

Financing By

Warehouse

2500 Mill Road

Listing Price: $3,500,000

Cap Rate
5.40%
Gross SF
2,461,140
Price/Gross SF
$1.42
Lot Size
56.50 acres
Year Built
1969
Rentable SF
131,790

Investment Highlights

  • Value Add Opportunity
  • Below Market Rent
  • Below Replacement Cost
  • Single Tenant Industrial

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 2500 Mill Road (“Subject Property”), a leased industrial investment opportunity in Grand Forks, North Dakota. The Subject Property consists of two adjacent industrial buildings on 4 parcels, totaling 131,970± SF of rentable space. The Property is fully leased to ICS Inc, a construction company under APi Group. APi is a market-leading business services provider of safety, specialty and industrial services with a 2020 adjusted net revenue of $3.5 billion. Grand Forks is North Dakota’s 3rd largest city on the North Dakota-Minnesota border, approximately one hour north of Fargo. Grand Forks has a relatively diverse economy that includes public and private employers in sectors such as education, defense, health care, manufacturing, and food processing.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): ND: 10032

    North Dakota

Financing By

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