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416 34th Ave S 25,430 SF Industrial Building Waite Park, MN 56387 $8,101,296 ($318.57/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Industry Leading Tenant - FedEx Freight is an industry leader in the Less-Than-Truckload (LTL) industry, generating $9.4B in revenue in FY '24.
- Functional Facility - The ±25,430 SF building sits on ±9.51 AC, features 54 dock doors, and ample fenced/secured paved truck courts and parking areas.
- Multiple Expansions - The facility has benefited from major expansions in 2000 and 2017, transforming it into a highly functional trucking terminal.
- Strategic Hub - This property serves as the 2nd largest FedEx Freight facility in Minnesota by size and the only FedEx Freight location in St. Cloud.
- Long Term Operating History - FedEx Freight has occupied the site for more than 20 years.
PROPERTY FACTS
| Price | $8,101,296 | Rentable Building Area | 25,430 SF |
| Price Per SF | $318.57 | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1997/2017 |
| Cap Rate | 6.25% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.79/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 54 |
| Lot Size | 9.51 AC | No. Drive In / Grade-Level Doors | 3 |
| Zoning | Commercial - Commercial | ||
| Price | $8,101,296 |
| Price Per SF | $318.57 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 9.51 AC |
| Rentable Building Area | 25,430 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1997/2017 |
| Tenancy | Single |
| Parking Ratio | 0.79/1,000 SF |
| No. Dock-High Doors/Loading | 54 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | Commercial - Commercial |
AMENITIES
- Fenced Lot
- Signage
PROPERTY TAXES
| Parcel Number | 98.60672.0700 | Improvements Assessment | $919,800 |
| Land Assessment | $116,000 | Total Assessment | $1,035,800 |
PROPERTY TAXES
Parcel Number
98.60672.0700
Land Assessment
$116,000
Improvements Assessment
$919,800
Total Assessment
$1,035,800
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416 34th Ave S
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