Multi Tenant Industrial Property
Industrial | 6.50% CAP | 155,250 SqFt
Marketing description
This well-maintained, multi-tenant industrial building offers an
exceptional investment opportunity for buyers seeking both stability
and strong long-term returns. The property features a diverse tenant
mix across warehouse, light manufacturing, and flex spaces — including
some Fortune 500 tenants and a commercial kitchen operator who
has invested over $2 million in a state-of-the-art facility — providing
consistent cash flow and reduced vacancy risk. Zoning allows for a wide
range of uses, enhancing long-term leasing flexibility and tenant
appeal.
Currently, the property is leased at below-market rental rates, offering
meaningful upside as leases renew or are restructured to market levels.
Recent capital improvements and proactive management have
positioned the asset for continued performance with minimal near-term
maintenance. Strategically located just minutes from Downtown
Minneapolis with excellent access to I-94, I-394, and Highway 55, this
property combines strong fundamentals, steady income, and long-term
growth potential — a compelling opportunity for investors seeking a
durable and well-located Twin Cities industrial asset.
Investment highlights
Strong in-place income with annual NOI of $975,688
Diverse tenant mix, Long term Tenants with some being 10+ years
Flexible suite sizes from ±12,000 SF to ±28,000 SF
Both dock-high and drive-in loading doors
Ample surface parking and efficient truck circulation
Central location – just minutes from Downtown Minneapolis
Excellent highway access to I-94, I-394, I-35W, and Hwy 55
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