RealtyMogul Unveils New Equity Offering in Bismarck's Premier Industrial Center

Real estate investment platform RealtyMogul has announced it's opening the investment window for an equity offering in an industrial center in Bismarck, North Dakota.

The 217,323-square-foot, Class A industrial facility was built in coordination with distribution giant FedEx, which is slated to occupy the Bismarck facility. The offering's sponsor, The Wideman Group, has secured a 10-year lease agreement with FedEx Ground Packaging System Inc., ensuring the building remains occupied. This lease includes a 10% rent increase after the fifth year and two options for five-year lease extensions.

Both FedEx and The Wideman Group strategically selected this location because of its proximity to the Bismarck Airport and the BNSF railway. Additionally, the facility is close to Interstate 94, the sole interstate running through North Dakota, providing optimal access to the state's expanding markets. The U.S. Bureau of Economic Analysis reports that North Dakota boasts the nation's fastest-growing GDP. Moreover, Bismarck, North Dakota's second-largest city, was recently featured on Forbes' list of "Best Small Places for Business and Careers."

• Minimum investment: $35,000
• Target internal rate of return (IRR): 16.0%
• Target equity multiple: 1.75x
• Target investment term: 4 years

The Wideman Group is a seasoned real estate investment firm with a 50-year history in real estate deals across the southeastern U.S. and sunbelt regions. The group specializes in industrial and office spaces within prime growth markets. The Wideman Group currently manages commercial assets valued at about $750 million.

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