Lunnen Real Estate Services recently closed a Williston industrial investment sale at 511 22nd Ave NE. The property has ±71,239 SF of industrial buildings on ±13.81 acres in Williston’s core industrial corridor. Jeff Lunnen represented both the buyer and the seller.
The Property
Income-producing industrial properties in Williston with this much building area and acreage together rarely come to market. 511 22nd Ave NE offers both, giving an investor a sizable asset with the space under roof and the yard room that energy service tenants need.
The location supports long-term tenant demand. It sits in Williston’s established industrial corridor, close to the suppliers, services and workforce that support Bakken operations.
What This Williston Industrial Investment Sale Tells Owners
Investor capital is still flowing into Bakken industrial real estate. A Williston industrial investment sale of this size only happens when the buyer believes in the basin’s long-term fundamentals and the strength of its tenant base. For current drilling and production activity across the region, see the North Dakota Oil and Gas Division.
Scale and yard space hold their value. Properties with both meaningful building area and usable acreage are hard to replicate, so they stay among the most sought-after assets in the region for investors and tenants alike. Demand for yard-heavy sites is part of a broader trend we covered in our post on industrial outdoor storage.
Preparation drives the outcome. Investors underwrite the leases, tenant quality, property condition and operating history. Having that information organized up front keeps a deal moving from first conversation to closing.
Planning Your Own Williston Industrial Investment Sale?
If you own leased industrial or energy service property in Williston, Watford City, Dickinson or elsewhere in the Bakken, now is a good time to learn what investors will pay for it. You might be considering an outright sale, a sale-leaseback of a building you occupy, or a 1031 exchange into your next investment. Either way, a confidential conversation costs you nothing.
About Lunnen Real Estate Services
For more than 15 years, LRES has focused exclusively on industrial and energy service real estate in North Dakota’s Bakken region. The firm has closed more than $500M in transactions and developed seven industrial parks in the Bakken.
Jeff Lunnen, Principal Broker
701-428-1243 | jeff@lunnen.com
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