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 Bism...
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.