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Anderson 7771 College Rd 4,576 SF 100% Leased Industrial Building Baxter, MN 56425 $499,000 ($109.05/SF) 6.15% Cap Rate
Investment Highlights
- Excellent Industrial Investment Opportunity!
- East Half: 2,240 SF (Results Contracting)
- SW Quadrant: 1,328 SF (5 Star Auto Glass)
- Bldg Size: 4,576 SF Total; Shared Entry: 96 SF
- NW Quadrant: 912 SF (Keeley Construction)
Executive Summary
Position your portfolio for success with this fully occupied industrial office building located in the highly desirable Baxter Industrial Park. This well-maintained property features three established tenants, providing immediate and stable cash flow from day one. Strategically situated in one of Baxter’s primary business hubs, the property offers excellent accessibility, strong surrounding tenancy, and continued demand for industrial and office space in the region. The building is thoughtfully designed to accommodate a mix of office and industrial users, maximizing functionality and tenant retention. Whether you are a seasoned investor or expanding your commercial holdings, this turn-key asset presents a rare opportunity to acquire a stabilized property in a proven industrial location.
Property Facts
| Price | $499,000 | Lot Size | 0.83 AC |
| Price Per SF | $109.05 | Rentable Building Area | 4,576 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.15% | Year Built | 1997 |
| Property Type | Industrial | Parking Ratio | 2.84/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 12’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Zoning | I - Industrial Office | ||
| Price | $499,000 |
| Price Per SF | $109.05 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.83 AC |
| Rentable Building Area | 4,576 SF |
| No. Stories | 1 |
| Year Built | 1997 |
| Parking Ratio | 2.84/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I - Industrial Office |
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 5 Star Auto Glass LLC
- -
- -
- $8.81
- Modified Gross
- Jun 2025
- Keeley Construction Group
- -
- -
- $17.11
- Modified Gross
- Jul 2025
- Results Contracting, Inc.
- -
- -
- -
- Modified Gross
- Jan 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 5 Star Auto Glass LLC | - | - | $8.81 | Modified Gross | Jun 2025 | |
| Keeley Construction Group | - | - | $17.11 | Modified Gross | Jul 2025 | |
| Results Contracting, Inc. | - | - | - | Modified Gross | Jan 2028 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 032050030080009 | Improvements Assessment | $334,500 |
| Land Assessment | $104,800 | Total Assessment | $439,300 |
Property Taxes
Parcel Number
032050030080009
Land Assessment
$104,800
Improvements Assessment
$334,500
Total Assessment
$439,300
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Anderson | 7771 College Rd
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