ERES Announces Call For Offers on High-Return Bakken Investment Property

BlogHeader_Call For Offers

Long X Mobile Home Park contains 82-units on 17.81 AC and is ideally located in Watford City, ND, a Bakken economic hub

 

bakken investment property

WATFORD CITY, ND  — August 8, 2018 — Energy Real Estate Solutions (ERES), a full-service real estate firm focused on providing brokerage, development, property management, construction management, and consulting services to North American energy markets, announces a call for offers on a premier, high-return Bakken investment property.

Long X Mobile Home Park located in Watford City, ND, consists of 82 quality mobile home units and is situated on 17.81 AC. The in-demand property offers an incredible investment opportunity due to its location in a major Bakken oil and gas hub, an area currently experiencing rapid economic growth and high workforce housing needs.

bakken investment property

OFFER DEADLINE
Tuesday, August 28th at 5:00 p.m. MST

DUE DILIGENCE DOCUMENTS
Offering memorandum is available upon request with signed Confidentiality Agreement (download HERE) sent to Melinda O’Brien at melinda.obrien@energyreco.com

INVESTMENT HIGHLIGHTS

  • CONSTRAINED HOUSING SUPPLY: Due to the resurgence of Bakken oil production activity, Watford City is experiencing a rapid influx of oilfield service workers which has created a significant shortage of affordable housing. With current demand high, and projected to increase, Long X Mobile Home Park is well-positioned as an investment with high-return potential.
  • OIL PRODUCTION CAPITAL OF NORTH DAKOTA: McKenzie County is the largest oil producing county in North Dakota, making it a main Bakken economic hub. Within 30 miles of Watford City there are well over 4,800 oil wells. This is the largest number of wells of any North Dakota city over 5,000 people.
  • ROBUST DEMOGRAPHICS: Watford City (McKenzie County) is undoubtedly an economy on the rise. As of May 2018, the unemployment rate sits at only 1.5%, 0.7% decrease from the previous year. As of July 2018, apartment occupancy sits at 95.4%, a 14.9% increase from the previous year. And finally, taxable sales and purchases in 2018Q1 increased an incredible 28.89% from the previous year. Outlooks for continued market economic growth remain bullish as oil pricing continues to increase.

PROPERTY CONTACTS
Melinda O’Brien
Transaction Manager
720.403.8427
melinda.obrien@energyreco.com

Mike Elliott
Managing Broker
701.713.6606
mike.elliott@energyreco.com

ABOUT ERES
Energy Real Estate Solutions (ERES), a full-service commercial real estate firm focused on helping energy companies and investors maximize their real estate portfolios, provides brokerage, project management, property and asset management, development, workforce housing, and consulting services in and around the world’s most active energy sites. For more information, visit www.energyreco.com.

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