Listed by SVN | GC Real Estate
$1,125,000
Sundial Warehouse Investment
Details
Property Type Industrial
Sub Type Warehouse, Manufacturing
Square Footage 21,809
Cap Rate 8.50%
Price per SqFt $52
Year Built 1980
Acreage 1.440
Investment Type Stabilized
Ceiling Height 18’
Loading Docks 1
Dock High Doors 2
Industrial | 8.50% CAP | 21,809 SqFt
Marketing description
401 Sundial Drive is an investment opportunity conveniently located in the Waite Park business district with excellent access to major regional transportation routes. The property is approximately 1.5 miles north of Interstate 94, providing direct connectivity to the Minneapolis–Saint Paul metropolitan area, and roughly 1 mile west of Minnesota State Highway 15, a primary north–south corridor serving the St. Cloud regional market. The site is also located less than ½ mile south of Minnesota State Highway 23, a major commercial corridor through Waite Park.
Located in an established business district in Waite Park. Approximately 1.5
Investment highlights
- Stable Tenant: Long-standing tenant Heartland Glass with an established operating history at the property.
- Long-Term Lease: In-place lease provides predictable income with long-term remaining term.
- Established Industrial Location: Positioned within the Waite Park / St. Cloud industrial market with convenient access to major transportation routes.
- Property Features 18’ Clear Height Warehouse
- Steel Frame Construction with steel roof trusses
- Insulated Metal Panel Exterior
- Solar Panels Installed in 2019
- Fully Sprinklered Building
- Heated Warehouse with radiant heat
- Two Furnaces Serving Office Area
- 3-Phase Electrical Service
- One (1) Dock Door
- Two (2) Drive-In Doors (14’ x 16’)
- Former Dock Position (filled in; potential to restore)
- Secured & Gated Rear Yard Area
- Paved Parking & Drive Areas along front and side of building
- Office Improvements include private offices, open work area,
- showroom, conference room, mezzanine storage, breakroom, multiple restrooms
Listing Contacts
Listed by SVN | GC Real Estate
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