Updated Mar 11, 2025
IBorrow Provides $15.1M Loan For Industrial Property In Bismarck, ND
401 North 9th Street Bismarck, North Dakota 58501, Usa
$15,100,000
$30/SF
Building Size
499,759 SF
Asset Type
Industrial
Closing
May 12, 2023
About this deal
AI
The industrial property located at 401 North 9th Street in Bismarck, ND has been involved in a closed transaction. The property spans a total of 499,759 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,100,000
- Market: Bismarck, ND
- Lender: iBorrow - Brian Good
The loan for this transaction was provided by iBorrow, with Brian Good representing them as the lender. The loan amount involved in this transaction was $15,100,000.
The industrial loan at 401 North 9th Street Bismarck, North Dakota 58501, Usa in Bismarck, North Dakota financed for $15.1M in 2023. The building is 499,759 square feet, implying about 30 per square foot on the published price. Named participants on the 401 North 9th Street Bismarck, North Dakota 58501, Usa loan are Brian Good. This page is the Bismarck, North Dakota file for the 401 North 9th Street Bismarck, North Dakota 58501, Usa industrial financed: pricing, party profiles, and other closed industrial comps from the same Bismarck sit in the Market section below. Filter that Bismarck industrial set by closing date to see what else financed near 401 North 9th Street Bismarck, North Dakota 58501, Usa around 2023. Published consideration for 401 North 9th Street Bismarck, North Dakota 58501, Usa is $15.1M, dated 2023. Cite this IBorrow Provides $15.1M Loan For Industrial Property In Bismarck, ND loan when underwriting similar industrial product around Bismarck, North Dakota.
Players
Bismarck Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93