Dakota Center

Fargo, ND
Date Acquired: May, 2011
SF: 119,000

Dakota Center is a six-story office building located in the heart of the dynamic Downtown Fargo submarket. NetREIT was attracted to Fargo’s strong economic drivers, including proximity to three universities, economic diversity, low unemployment, and limited competition. Due to upcoming lease expirations, NetREIT was able to acquire this asset at a high capitalization rate, then performed a major renovation and undertook an aggressive marketing campaign which resulted in over 100,000 square feet in signed leases and 100% occupancy.