1660 13th Ave NE | Sauk Rapids, MN 56379
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- LoopNet Team
1660 13th Ave NE
Sauk Rapids, MN 56379
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- NNN Lease - All Operating Expenses are Paid by the Tenant Through CAM
- Excess Land for Expansion - There is Room to Expand the Building and Add Approximately 115,000 SF to the Existing Building Footprint
- Solar Powered - A Solar Panel Lease Gives an Investor an Additional Income Stream
- Annual Increases - 1.5% Annual Rental Increases Provide NOI Growth Over the Base Term
- Low Basis - Low Acquisition Basis Gives an Investor Long Term Security in the Asset and is a Great Hedge Against Inflation
- Sticky Tenant - The Tenant was Founded in Benton County in 1951 and Has Been Located in the Area Since Inception
PROPERTY FACTS
| Property Type | Industrial | Year Built | 2001 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | B | Parking Ratio | 0.97/1,000 SF |
| Lot Size | 19.84 AC | Clear Ceiling Height | 23’6” |
| Rentable Building Area | 123,120 SF | No. Dock-High Doors/Loading | 11 |
| No. Stories | 1 | No. Drive In / Grade-Level Doors | 1 |
| Zoning | Industrial | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 19.84 AC |
| Rentable Building Area | 123,120 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Tenancy | Single |
| Parking Ratio | 0.97/1,000 SF |
| Clear Ceiling Height | 23’6” |
| No. Dock-High Doors/Loading | 11 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Industrial |
UTILITIES
- Gas
- Water
- Sewer
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,782,000 | |
| Land Assessment | $1,809,500 | Total Assessment | $7,591,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,809,500
Improvements Assessment
$5,782,000
Total Assessment
$7,591,500
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