Multi-Tenant Industrial
For Sale
Contact for pricing
Pending
5051 & 5057 Owan Industrial Park Dr, Williston, ND 58801
Two modern industrial buildings provide demisable space, overhead doors, heavy power, and reinforced concrete floors.
Property Size35,360 SF
Lot Size4.49 Acres
Days on Market140
Property Features for 5051 & 5057 Owan Industrial Park Dr
General Information
Standard status
Pending
Size
35,360 SF
Lot size
4.49 Acres
Property subtype
Industrial
Occupancy
88%
Net Operating Income
$445,585
Financials
Asking Price
$4,600,000
Cap Rate
9.68%
Additional Details
Heavy Power
Yes
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Lunnen Real Estate Services
(701) 428-1243
Listed By:
Jeff Lunnen · License #CA 01716571
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 7:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lunnen Real Estate Services
Investment Insights
Based on property information with market context.
This warehouse property comprises two modern industrial buildings totaling 35,360 SF on approximately 4.49 acres. The multi-tenant layout includes demisable units, overhead doors, heavy power, and reinforced concrete floors, supporting a range of industrial operations. The property is currently 87.5% leased, with 4,420 SF of available leasable area.
Located at 5051 and 5057 Owan Industrial Park Drive in Williston, North Dakota, the asset serves the city’s industrial and energy-oriented market. The offering includes an in-place cap rate of 9.68% and a pro forma cap rate of 11.05%.
Located at 5051 and 5057 Owan Industrial Park Drive in Williston, North Dakota, the asset serves the city’s industrial and energy-oriented market. The offering includes an in-place cap rate of 9.68% and a pro forma cap rate of 11.05%.
Key Highlights
- 35,360 SF across two modern industrial buildings
- Approximately ±4.49 acres at 5051 and 5057 Owan Industrial Park Dr
- 87.5% leased with 4,420 SF of leasable vacancy
Property Analytics
Property Profile
Current Use
Lease Details
87.5%
Occupancy
Multi-tenant
Tenancy
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58801, ND
34,921
Population
17,095
Households
2
Avg Household Size
31
Median Age
25%
College-Educated
91%
High-School Grad
716.1 sq mi
ZIP Area
49
Density / Sq Mi
$90,119
Median Household Income
$53,496
Median Earnings
$1,116
Median Rent
$279,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Two modern industrial buildings provide demisable space, overhead doors, heavy power, and reinforced concrete floors.
Where is this warehouse located?
The property is located at 5051 & 5057 Owan Industrial Park Dr Williston, ND.
What are key features of this property?
This property features: 35,360 SF across two modern industrial buildings; Approximately ±4.49 acres at 5051 and 5057 Owan Industrial Park Dr; 87.5% leased with 4,420 SF of leasable vacancy
