4770 Technology Cir Grand Forks, ND 58203-0600
- Commercial real estate
- 13,143 SF
- 3.50 lot acres
Current Use by Public Records
- BioLife Plasma Services / Blood Donation Center / Blood Bank
Property Details for 4770 Technology Cir
- Year built
- 1998
- Lot size
- 3.50 lot acres
- Property size
- 13,143 SF
- Property type
- Commercial real estate
- APN
- 44311100005002
- APU
- 44311100005002
Description
This exceptional 13,165-square-foot medical office building in Grand Forks, North Dakota, presents a compelling investment opportunity. Located at 4770 Technology Cir, 58203, this single-story, Class B building sits on a 3.5-acre lot and boasts 100% occupancy with a stabilized NOI of $297,533, yielding a 7.00% cap rate. The property features a strong lease history, with the current tenant occupying the space since 2001, under an absolute NNN lease. The lease includes one (1) five (5) year renewal option, with annual rent increases of 4% during the renewal period. Annual rent is projected to increase steadily, reaching $348,071.45 by the end of the first renewal option period (March 31, 2033). The building underwent renovations in 1998 and 2011. The property is zoned I2, Heavy Industrial, providing flexibility for future uses. The asking price is $4,250,000, representing a price per square foot of $322.83. This is a rare opportunity to acquire a high-performing medical office building in a desirable location with significant long-term growth potential. The current lease expires December 21, 2028. Detailed financial statements are available upon request.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $555,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Grand Forks
- County
- Grand Forks
- State
- North Dakota
- Longitude
- -97.0985
- Latitude
- 47.9196
- CBSA code
- 24220
- CBSA name
- GRAND FORKS, ND-MN METROPOLITAN STATISTICAL AREA
