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Dakota Acres Phase II

Multifamily Portfolio Offered at $16,500,000 in New Town, ND

Apartment Buildings North Dakota New Town Dakota Acres Phase II

Investment Highlights

  • New construction in New Town
  • Perfect for 1031 Exchange

Executive Summary

96 units, five-plex located in New Town at the center of Bakken oil plan. NOI $2,868,264; 9.5% cap rate sales; sale price $28,700,000 closing anytime. Expect 75 % credit tenants; seller lease back for 1 year at 100%.
New Apartments in New Town, North Dakota, fully leased by seller, perfect 1031 exchange property.

*all figures are projected; please contact listing brokerage for details.

Attachments

Marketing Brochure/Flyer

Property Facts

Price $16,500,000 Number of Properties 1
Price / SF $158.65 / SF Individually For Sale 1
Cap Rate 9.50% Total Building Size 104,000 SF
Sale Type Investment Total Land Area 6.88 AC
Status Active
Price $16,500,000
Price / SF $158.65 / SF
Cap Rate 9.50%
Sale Type Investment
Status Active
Number of Properties 1
Individually For Sale 1
Total Building Size 104,000 SF
Total Land Area 6.88 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Dakota Acres
815 College Dr, New Town, ND 58763 		Multifamily 104,000 SF 2015 $23,835,000
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1 of 1

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Granite Countertops
  • Ice Maker
  • Refrigerator
  • Range
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Property Manager on Site
(415) 789-5530

  • Listing ID: 7926758

  • Date on Market: 9/18/2014

  • Last Updated:

  • Address: Dakota Acres Phase II, New Town, ND

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Dakota Acres Phase II
(415) 789-5530 x

Dakota Acres Phase II

Gary Pinkston

(415) 789-5530

(415) 789-5530

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