2.82 AC with 22,000 SF Industrial

Land Description

22,500 SF Distribution - 2.82 Acres

RealINSIGHT Marketplace Online Auction Dec. 7-9, 2020

Starting Bid: $25,000

Investment Highlights

•Must close by December 30th 2020

•Ideal for Operators and Prospective Tenants | ±22,500 SF industrial zoned building formerly used as world's largest truck wash

•Considerable Upside | Potential uses include truck repair, distribution warehouse, oil service, frac service

•Exceptional Real Estate Value | Located in logistics hub with strong potential for future development

•Epicenter of Bakken Drilling Activity | Economic hub in the highest oil producing county in North Dakota

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to offer for sale the Fee-Simple interest in 22,500 SF Distribution - 2013 Product' (“the Property”) located in the epicenter of oil drilling in Alexander, North Dakota. The Property is currently vacant and consists of a ±22,500 SF industrial warehouse facility situated on ±2.82 acres. Formerly the world's largest truck wash, the Property can accommodate various uses such as a truck mechanic's shop, frac tank or drill rig cleaning, truck or equipment storage, or general oilfield service company use.

The Property is strategically located just off the intersection of Highway 85 and Highway 200 in Alexander, ND which is considered the epicenter of Bakken oil drilling activity. The Bakken Formation is one of the largest contiguous deposits of oil and natural gas in the United States in the past 40 years. As of June 2015, North Dakota is second to Texas in terms of oil production and boasts one of the lowest unemployment rates in the country.

Alexander is in McKenzie County North Dakota which borders the state of Montana. The Property benefits from an average household income of ±$94,315 within a five-mile radius. The Property is adjacent to The Wild Bison Travel Center, which has 15 acres of truck parking, high speed pumps, clean showers, lounge, cafe, grab-go food, and full-service convenience store. The Property also benefits from being located near several local economic generators in the cities of Willison, Watford City and Fairview, Montana. This location is in the “Bulls-eye” of the Bakken and is roughly 20 minutes from Williston, the area's infrastructure hub, Watford City, the drilling hot-spot, and Fairview, MT, home to one of the region's largest and newest transload facilities.

Auctioneer: Cary M. Aasness | Fisher Auction Company Inc. | License: 503