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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 Numbers | Improvements Assessment | $1,757,500 | |
| Land Assessment | $217,400 | Total Assessment | $1,974,900 |
Property Taxes
Parcel Numbers
Land Assessment
$217,400
Improvements Assessment
$1,757,500
Total Assessment
$1,974,900
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400 Cherry St
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