Listed by Colliers - Minneapolis - St. Paul, Minnesota
$3,400,000
17625 Kenrick Avenue
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 20,567
Cap Rate 7.00%
NOI $237,741
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 10
Lease Expiration 08/30/2034
Price per SqFt $165
Year Built 2011
Stories 1
Acreage 2.350
Zoning C-3 Retail Building
Parking Spaces 96 spaces
Parking Per SqFt 4.67
Lease Commencement 08/31/2024
Ceiling Height 16.5’ & 14.3’
Dock High Doors 2
Industrial | 7.00% CAP | 20,567 SqFt
Marketing description
For Sale
Investment highlights
- 100% Occupied
- National credit tenant (Salvation Army)
- Lease Term: 9/1/2024 to 8/31/2034
- Zoning: C-3 Retail Building
- Ceiling Height: 16.5’ to the deck, and 14.3’ to the bar joists
- Dock Doors: 2 with leveler
- Brand new high efficiency LED lights
- Interior is sprinkled and equipped with an alarm system
- Exterior irrigation system
- Parking Spaces: 96
- Signage visible from I-35
- Located in the growing community of Lakeville
Listing Contacts
Listed by Colliers - Minneapolis - St. Paul, Minnesota
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$237,740.50
$19,811.71/mo
Valuation Metrics
0
DSCR
6.99%
Cap Rate
6.99%
ROI
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