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1609 33rd St SW
Minot, ND 58701
Asking Price
$1.53M
Cap Rate
8%
Asset Type
Warehouse Industrial
Class
Class B
What's Special
Industrial | 8.00% CAP | 9,907 SqFt <ul><li>Single-tenant United Rentals investment opportunity located at 1609 33rd Street SW in Minot, North Dakota</li><li>±9,907 SF industrial service / repair facility situated on ±1.895 acres</li><li>100% leased to United Rentals Realty, LLC</li><li>Approximately 15 years of operating history at this location, with the original lease commencing in September 2011</li><li>Tenant recently exercised its five-year extension option, extending the lease term through September 30, 2031</li><li>C
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NOI
$80,000
Cap Rate
5.23%
DSCR
0.88
Underwater
Cash-on-Cash
-2.35%
Monthly Payment
$7,563.297
Annual Cash Flow
$-10,759.566
