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1415 1st Ave 42,410 SF 98% Leased Flex Building Mankato, MN 56001 $1,275,000 ($30.06/SF) 10.74% Cap Rate
Investment Highlights
- Income producing property
- good mix of tenants
- Good central location
- good visibility
Executive Summary
Price improvement multi industrial. Upside potential, Location, Tenant Mix, Dock and OHD
Property Facts
| Price | $1,275,000 | Lot Size | 1.19 AC |
| Price Per SF | $30.06 | Rentable Building Area | 42,410 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 10.74% | Year Built/Renovated | 1940/1999 |
| Property Type | Flex | Parking Ratio | 0.27/1,000 SF |
| Property Subtype | Showroom | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | Industrial | ||
| Price | $1,275,000 |
| Price Per SF | $30.06 |
| Sale Type | Investment |
| Cap Rate | 10.74% |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 1.19 AC |
| Rentable Building Area | 42,410 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1940/1999 |
| Parking Ratio | 0.27/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Industrial |
Amenities
- Security System
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 2,000 SF
- Industrial
- Full Build-Out
- 30 Days
Heated with water this is a great working space
- 1st Floor
- 1,000 SF
- Office
- Full Build-Out
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,000 SF | Industrial | Full Build-Out | 30 Days |
| 1st Floor | 1,000 SF | Industrial | Full Build-Out | Now |
| 1st Floor | 1,000 SF | Office | Full Build-Out | 30 Days |
1st Floor
| Size |
| 2,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor
| Size |
| 1,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 1,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor
| Size | 1,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Heated with water this is a great working space
Property Taxes
| Parcel Number | R01-09-07-229-002 | Improvements Assessment | $1,038,700 |
| Land Assessment | $104,000 | Total Assessment | $1,142,700 |
Property Taxes
Parcel Number
R01-09-07-229-002
Land Assessment
$104,000
Improvements Assessment
$1,038,700
Total Assessment
$1,142,700
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