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701 1st St
Farmington, MN 55024
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- For Sale - $47/sf
- 1.96 Acres
- 31,761 Square Feet
- Value-Add Opportunity
EXECUTIVE SUMMARY
For Sale: $1,400,000 ($44/sf)
NOI: $107,653
Lease Types: NNN
Owner/User Option: Yes
Operating Expenses/Taxes: $3.75/sf
Total Square Footage: 31,761 square feet
Lot Size: 1.96 Acres
Zoning: I1
Roof: Replaced 2020
Number of Tenants: 11
Year Built: 1951
Clear Height: 9'
-14'
Loading: 6 Drive-In Doors + 1 Loading Dock
NOI: $107,653
Lease Types: NNN
Owner/User Option: Yes
Operating Expenses/Taxes: $3.75/sf
Total Square Footage: 31,761 square feet
Lot Size: 1.96 Acres
Zoning: I1
Roof: Replaced 2020
Number of Tenants: 11
Year Built: 1951
Clear Height: 9'
-14'
Loading: 6 Drive-In Doors + 1 Loading Dock
PROPERTY FACTS
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1951 |
| Property Subtype | Warehouse | Parking Ratio | 0.47/1,000 SF |
| Building Class | C | Clear Ceiling Height | 14’ |
| Lot Size | 1.96 AC | No. Dock-High Doors/Loading | 1 |
| Rentable Building Area | 31,671 SF | No. Drive In / Grade-Level Doors | 6 |
| Zoning | I (Industrial) | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.96 AC |
| Rentable Building Area | 31,671 SF |
| No. Stories | 1 |
| Year Built | 1951 |
| Parking Ratio | 0.47/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | I (Industrial) |
PROPERTY TAXES
| Parcel Number | 14-77000-04-030 | Improvements Assessment | $340,900 |
| Land Assessment | $73,700 | Total Assessment | $414,600 |
PROPERTY TAXES
Parcel Number
14-77000-04-030
Land Assessment
$73,700
Improvements Assessment
$340,900
Total Assessment
$414,600
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