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28248973

333 E 86th St, Bloomington, MN 55420

RP
MN MN 502048691
$5,500,000
208 days on market
Updated 22 days ago

86th Street Industrial

Details
Property Type Industrial
Sub Type Distribution, Manufacturing (+1)
Square Footage 37,500
Net Rentable (SqFt) 37,500
Units 10
Cap Rate 8.00%
NOI $20,000
Occupancy 100%
Lease Type Gross
Price per SqFt $147
Broker Co-Op Yes
Year Built 1990
Year Renovated 2024
Buildings 1
Stories 2
Acreage 2.460
Zoning I3 Industrial
Investment Type Sale/Leaseback
Occupancy Date 01/01/2016
Ceiling Height 27
Loading Docks 2
Dock High Doors 8

Industrial | 8.00% CAP | 37,500 SqFt

Marketing description

37,500 sf Office Warehouse Industrial building for sale lease rent in Bloomington

  • 2.46 Acres

  • 37,538sq ft of total space

  • 8 separate Drive-In bays with water, drains, garage doors, service doors and bathroom access

  • 2 Dock doors (could easily add one more)

  • Up to 14 separate rental spots

  • 13'- 27' Ceilings height

  • Heavy Power 480 volt 3 phase (9 - 480 volt panels throughout) 1600 Amps

  • Security Alarm System

  • 100% Sprinkler System coverage

  • 90+ parking stalls

  • Outdoor storage in front and rear

  • 3,468 of Heavy Storage Mezzanine

  • Newly installed LED High Bay Lighting in whole building

  • 2 flammable waste traps with 11 drains throughout the building

  • City Approved Commercial Kitchen space with industrial coffee roaster installed

  • 60 camera video surveillance system

  • Small data center with cooling, battery backup installed


Other Information

  • I-3; Industrial Zoning

  • Private Rail Access, active rail spur served by Progressive Rail

  • 6,632sq ft office space with elevator

  • 27,539sq ft of total warehouse

  • 7,508sq ft of Outside Storage (or 14 parking stalls)

  • For investor the whole building could be leased back to existing owner

Investment highlights

Seller willing to lease back

Listing Contacts

RP
MN MN 502048691

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$20,000.00
$1,666.67/mo

Valuation Metrics

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DSCR
0.36%
Cap Rate
0.36%
ROI

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Additional Information

Name
Roger Peters
License
MN 502048691
Brokerage
Business Systems International, Inc
Brokerage Phone
612-384-6000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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