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400 Cherry St 89,000 SF Industrial Building Kasota, MN 56050 $5,495,000 ($61.74/SF) 7.08% Cap Rate
INVESTMENT HIGHLIGHTS
- Clear span building
- Outdoor Storage
- Rail access
EXECUTIVE SUMMARY
Discover the exceptional opportunity at 400 Cherry Street West—a prime acquisition with a 4% assumable loan, and a clear span building with remarkable potential, perfectly positioned between Mankato and St. Peter. This facility boasts seven drive-ins, six docks—three of which were newly added in 2023—and nine overhead cranes spanning the entire building length. Currently, there is a signed lease starting in May 2025 to a national credit tenant with deep local roots on a NNN lease. Additionally, the site features direct rail access, enhancing its strategic appeal.
Property Features
• 89,000 total square foot building - 80,000 industrial and 9,000 office
• 6 dock doors (3 with levelers); 7 drive-in doors; 28’ clear height
• Outdoor storage
• 10.58 acres - ample room for future expansion
• Easy access to Highway 169
• Sale price $5,495,000 with a 4% assumable loan
• 2023 taxes $38,752
Property Features
• 89,000 total square foot building - 80,000 industrial and 9,000 office
• 6 dock doors (3 with levelers); 7 drive-in doors; 28’ clear height
• Outdoor storage
• 10.58 acres - ample room for future expansion
• Easy access to Highway 169
• Sale price $5,495,000 with a 4% assumable loan
• 2023 taxes $38,752
DATA ROOM Click Here to Access
PROPERTY FACTS
AMENITIES
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
UTILITIES
- Gas
- Water
- Sewer
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Cambria Processing Facility
- Transportation and Warehousing
- 89,000 SF
- $4.00
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Cambria Processing Facility | Transportation and Warehousing | 89,000 SF | $4.00 | Triple Net | - |
PROPERTY TAXES
| Parcel Number | 18.450.0020 | Improvements Assessment | $1,525,800 |
| Land Assessment | $170,400 | Total Assessment | $1,696,200 |
PROPERTY TAXES
Parcel Number
18.450.0020
Land Assessment
$170,400
Improvements Assessment
$1,525,800
Total Assessment
$1,696,200
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400 Cherry St
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