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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.

610 OLD 18 S Princeton MN 55371

[Locked] • APN 24-033-0390

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Details
Property Type Industrial
Sub Type Manufacturing, Warehouse
Building SqFt 24,401
Lot SqFt 164,643
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code MN-1
Year Built 1968
Building Count 1
Opportunity Zone No
Lease Type ******
Remaining Term ******
Lease Expiration ******
Sold Price per Acre ******

Property History

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Property Type
Property Type
Industrial
Property Subtype
Manufacturing, Warehouse
Marketing Description

CBRE is pleased to present this 156,739 SF Industrial Investment Offering, that is fully leased to Plastic Products Co. Plastic Products Co. has occupied this facility since 1980. This facility has experienced numerous additions during their tenure. The NNN lease was recently extended in September ’22; expiring October 31st, 2028 with a (5) year option to renew. Plastic Products Co. is headquartered out of Lindstrom, MN with a total of 10 manufacturing plants nationally.

Investment Highlights

40 Year tenant history with the building, starting in 1980

Seller-financing is an option

Recently renewed lease (Sept ‘22); agreeing to 20% increase in Y1 rates; with the following (5) years to increase at 3% annually

Plastic Products Company has +/- 1,000 employees, spanning (10) facilities nationally

Remodeled office in 2021

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
AL
Andy Lubinski PRO
•••.•••.8067
••••.••••nski@••••••••.com
Brokerage logo
Listing removed on
 BY:
AW
Aaron Whitmore
•••.•••.1377
•••••.••••more@••••••••.com
Brokerage logo
Listing removed on
 BY:
JF
Justin Felix
•••.•••.2234
••••••.•elix@••••••••.com
Brokerage logo

Map

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