- 54,866 Square Foot Vacant Lot
- Partially (2/3) paved
- Easy Access to I-29 & I-94
- Fully developed south Fargo location
- Low Specials
- Zoned General Commercial (GC)
Commercial Real Estate Acquisitions, Dispositions and Leasing
According to a recent article in the Commercial Investment Real Estate Magazine, Institutional Apartment Investors nationwide are “on the hunt” for properties to purchase. They are moving beyond the highly sought after “Trophy Properties” and are now looking at secondary markets and class “B” and “C” buildings.
The article goes on to say that the main driving force behind this change in attitudes toward class “B” & “C” buildings is the search for higher yields. Private investors, equity funds and some institutional investors are frustrated with the lower yields on the “Trophy Properties” in larger metropolitan markets.
This change in Investors attitudes has resulted in an increased amount of interest from larger, out of state investors, seeking Multi-Family properties in our market. In addition, the recent national fascination with western North Dakota and the Bakken oil development, along with our State’s envious fiscal condition, adds even more interest to the attraction in North Dakota investment properties.
Demand for properties is also driving multifamily development in the Fargo- West Fargo-Moorhead area. Although we have experienced an increase in construction of new multi-family properties in the area, vacancy rates are remaining low in most areas of the market. This healthy trend makes available properties highly sought after, and as a result, values are on the increase.
If you, or someone you know, may have been considering the sale of a multi-family property, now may be an excellent time to contact me for an evaluation of the property. We have the Buyers who are looking to invest in the area.
Tom Kiewel of Coldwell Banker Commercial First Realty, Fargo, been named Coldwell Banker Commercial’s Top Professional in North Dakota and earned a spot in the company’s Bronze Level Circle of Distinction based on transaction revenue for 2011.
Kiewel joined the company in 1990 and specializes in the sale and leasing of office and industrial buildings.
Coldwell Banker Commercial First Realty was also named the 2011 Number One Office in North Dakota for Coldwell Banker Commercial.
Tom Kiewel, Ben Saucke and Scott Hildre, commercial real estate associates with Coldwell Banker Commercial First Realty, Fargo, have been recognized for outstanding achievements in 2011.
Kiewel was named Top Producer for achieving the highest production level based on gross commission income earned during the year. He was also recognized as Listings Sold Leader which identifies his ability to represent sellers in the commercial real estate market and bring client satisfaction with each sale or lease.
Saucke was named Top Producer Runner Up and Sales Leader and Hildre received the Listing Leader award.
Kiewel has been with Coldwell Banker Commercial since 1991, Saucke joined the company in 2004 and Hildre joined the company in 1998.
Tom Kiewel, CCIM
Coldwell Banker First Realty
2731 12th Avenue SW
Fargo, North Dakota 58106-9379
Email: [email protected]
Tom Kiewel, CCIM is a licensed Real Estate agent in the states of North Dakota and Minnesota.
© 2013 Tom Kiewel, CCIM