Lunnen Real Estate Services Inc. helps owner-operators, investors, and 1031 exchange buyers with sale-leasebacks and industrial investment sales across the Bakken. Whether you want to free up capital without moving your operation or buy a leased shop or yard with steady income, we structure each deal around the tenant, the lease, and the property.
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GOT QUESTIONS?
Answers to the questions owners and investors ask most about sale-leasebacks and industrial investment property in western North Dakota.
In a sale-leaseback, a business sells the property it operates from to an investor and signs a lease to stay. The business turns its real estate into cash and keeps using the property, and the investor buys a property with a tenant already in place.
Capital tied up in a shop or yard can go to equipment, debt, or growth instead. A sale-leaseback frees that capital without a move, and the lease terms are set as part of the sale. We help you weigh the sale price against the rent and term you will be committing to.
NNN, or triple net, means the tenant pays rent plus the property taxes, insurance, and maintenance. For the owner, income is more predictable because most operating costs pass through to the tenant. Most industrial investment properties in the Bakken are leased on a NNN or modified gross basis.
Yes. Industrial real estate held for business or investment can be used in a 1031 exchange, and we work with buyers and sellers on 1031 and tenant in common (TIC) deals. Exchanges follow strict deadlines, so plan the timing with your qualified intermediary and tax advisor before you list or make an offer. We are not tax advisors.
Yes. We price the property against recent Bakken leases and sales, market it to investors and 1031 buyers, and negotiate through closing. See our industrial property valuations for a detailed opinion of value, or request a free valuation.
We handle sale-leasebacks and investment sales in Williston, Watford City, Dickinson, Tioga, Stanley, Alexander, Killdeer, and Minot. Looking for a property to occupy yourself? See our shop facilities, industrial buildings, and yards and IOS services, or call (701) 428-1243.