Share This Listing

Message

927 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Lender Facilitated Class A Building 51 Broadway N 119,554 SF 73% Leased Office Building Fargo, ND 58102 For Sale

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Irreplaceable Broadway Avenue Location
  • Upside Potential with Leasing Momentum and Remaining Full-Floor Leasing Opportunities
  • Institutionally Owned Class A Office Building
  • Diverse Professional Tenant Roster with Strong Anchor Tenant
  • Lender-Facilitated Sale Well Below Replacement Cost
  • Thriving and Vibrant Office Submarket

EXECUTIVE SUMMARY

On behalf of the Lender and Sponsor, CBRE is pleased to present to qualified investors the opportunity to acquire Dakota Center (the “Property”), a well-located, Class A, 119,554 square foot, 6-story boutique office building located in the vibrant downtown of Fargo, North Dakota. The Property's premier location on Broadway Avenue provides high visibility and walkable access to downtown Fargo's amenity offerings. The Property has been institutionally owned and maintained since 2011, with current ownership investing $6.5 million in capital during its tenure. Dakota Center provides on-site parking plus access to multiple nearby parking ramps and is home to an enviable tenant roster of marquee companies including law firms, banking and wealth management, engineering, IT and non-profit organizations.
Please contact broker team for marketing materials, which can also be accessed via the link to the confidentiality agreement and OM: www.dakota-center.com

PROPERTY FACTS

Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
119,554 SF
Building Class
A
Year Built
1981
Percent Leased
73%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
19,926 SF
Building FAR
1.74
Lot Size
1.58 AC
Opportunity Zone
Yes
Zoning
DMU (Downtown Mixed Use) - Mixed Use
Parking
52 Spaces (0.43 Spaces per 1,000 SF Leased)

AMENITIES

  • Central Heating
  • Air Conditioning
  • Smoke Detector

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • Basement
  • 1,390-16,202 SF
  • Office
  • Partial Build-Out
  • 30 Days

Great space.

  • 1st Floor
  • 1,581 SF
  • Office/Retail
  • Partial Build-Out
  • Now

Hard corner, street level on Broadway, access from outside and interior lobby. Could be great for coffee, smoothie, food, retail or office.

  • 1st Fl-Ste 111
  • 2,091 SF
  • Office
  • Partial Build-Out
  • Now
  • 1st Fl-Ste 130
  • 1,833 SF
  • Office
  • Full Build-Out
  • Now

Ground floor space in multi tenant Class A downtown building. End of hallway with no windows is why rent is lower that others.

  • 2nd Fl-Ste 200
  • 14,339-19,958 SF
  • Office
  • Partial Build-Out
  • Now

Great space.

  • 3rd Fl-Ste 300
  • 11,973 SF
  • Office
  • Full Build-Out
  • Now

Entire 3rd floor north of multi tenant downtown Class A office building

Space Size Space Use Condition Available
Basement 1,390-16,202 SF Office Partial Build-Out 30 Days
1st Floor 1,581 SF Office/Retail Partial Build-Out Now
1st Fl-Ste 111 2,091 SF Office Partial Build-Out Now
1st Fl-Ste 130 1,833 SF Office Full Build-Out Now
2nd Fl-Ste 200 14,339-19,958 SF Office Partial Build-Out Now
3rd Fl-Ste 300 11,973 SF Office Full Build-Out Now

Basement

Size
1,390-16,202 SF
Space Use
Office
Condition
Partial Build-Out
Available
30 Days

1st Floor

Size
1,581 SF
Space Use
Office/Retail
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 111

Size
2,091 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 130

Size
1,833 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 200

Size
14,339-19,958 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

3rd Fl-Ste 300

Size
11,973 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

Basement

Size 1,390-16,202 SF
Space Use Office
Condition Partial Build-Out
Available 30 Days

Great space.

1st Floor

Size 1,581 SF
Space Use Office/Retail
Condition Partial Build-Out
Available Now

Hard corner, street level on Broadway, access from outside and interior lobby. Could be great for coffee, smoothie, food, retail or office.

1st Fl-Ste 130

Size 1,833 SF
Space Use Office
Condition Full Build-Out
Available Now

Ground floor space in multi tenant Class A downtown building. End of hallway with no windows is why rent is lower that others.

2nd Fl-Ste 200

Size 14,339-19,958 SF
Space Use Office
Condition Partial Build-Out
Available Now

Great space.

3rd Fl-Ste 300

Size 11,973 SF
Space Use Office
Condition Full Build-Out
Available Now

Entire 3rd floor north of multi tenant downtown Class A office building

Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-1520-00023-000
Land Assessment
$650,124 CAD
Improvements Assessment
$10,053,492 CAD
Total Assessment
$10,703,616 CAD
  • Listing ID: 35100023

  • Date on Market: 2025-03-11

  • Last Updated:

  • Address: 51 Broadway N, Fargo, ND 58102

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}