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KLMB TRANSPORTATION 8201 NE Hickory St 32,178 SF Industrial Building Minneapolis, MN 55432 $14,900,000 ($463.05/SF) 6.54% Cap Rate
Investment Highlights
- Cross-Dock Refrigerated
- 32 Loading Docks
Executive Summary
This offering represents the sale of the ENTIRE OPERATION as a unified transaction, including:
• The Real Estate (5.99 Acres | 32,178 SF Fully Refrigerated Facility)
• The Operating Business- KLMB Transportation Inc.
• All Associated Equipment, Operational Assets & Contracts
• Fleet Assets: 30 Trucks and 40 Trailers (Estimated Value: $3,000,000+)
The sellers are not offering individual components separately. The business, assets, and real estate
are being sold together as a complete turnkey package.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Cooler
- Fenced Lot
- Floor Drains
- Security System
- Storage Space
- Air Conditioning
- Backup Power / Generators
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
About 8201 NE HICKORY ST , MINNEAPOLIS, MN 55432
Complete Turnkey Offering This offering represents the sale of the ENTIRE OPERATION as a unified transaction, including: • The Real Estate (5.99 Acres | 32,178 SF Fully Refrigerated Facility) • The Operating Business: KLMB Transportation Inc. • All Associated Equipment, Operational Assets, & Contracts. • Fleet Assets: 30 Trucks and 40 Trailers (Estimated Value: $3,000,000+) The sellers are not offering individual components separately. The business, assets, and real estate are being sold together as a complete turnkey package. Strategically positioned in the heart of Fridley’s industrial corridor, this state-of-the-art cross-dock refrigerated warehouse presents a rare opportunity to acquire a fully equipped truck terminal with exceptional infrastructure and access. Located approximately 30 minutes from Minneapolis–St. Paul International Airport and with immediate connectivity to Interstate 694, the property offers efficient regional and national distribution access. Originally constructed between 1991–1995, with a major remodel and high-bay addition completed in 1999, the facility has been continuously improved to support modern logistics and refrigerated operations. The building totals 32,178 square feet, comprised of: • 3,870 SF of office space • 14,880 SF low-bay cooler area- Refrigerated • 13,428 SF high-bay warehouse space- Refrigerated Situated on 5.99 acres (260,924 SF) and zoned M-3 Heavy Industrial, the property provides excellent functionality for transportation, distribution, and cross-dock users. Loading & Warehouse Features: • 32 loading docks • 1 drive-in door • All docks equipped with bumpers, levelers, and seals • Clear heights: 13’6” (low bay) and 24’6” (high bay) • Trailer storage available on site Recent Capital Improvements: • Full remodel of first-floor office spaces, including updated kitchen and two bathrooms • One additional restroom added on the first floor • Added 10–12 semi-truck parking stalls • Added 20 small vehicle parking spaces • Constructed a full office and private restroom for tenants. • Exterior office building freshly painted Positioned within a well-established industrial park and surrounded by hotels, restaurants, and retail amenities, this asset offers both operational efficiency and long-term investment stability.
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- KLMB Transportation Inc
- Transportation and Warehousing
-
99,999 SF
- -
- -
- Mayfield Transfer Co
- Transportation and Warehousing
-
99,999 SF
- -
-
Jan 0000
- Waymore Transportation
- -
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| KLMB Transportation Inc | Transportation and Warehousing | 99,999 SF | - | - | ||
| Mayfield Transfer Co | Transportation and Warehousing | 99,999 SF | - | Jan 0000 | ||
| Waymore Transportation | - | 99,999 SF | - | Jan 0000 |
Property Taxes
| Parcel Number | 03-30-24-14-0009 | Total Assessment | $3,020,600 |
| Land Assessment | $914,600 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,106,000 | Tax Year | 2025 Payable 2025 |
Property Taxes
Presented by
KLMB TRANSPORTATION | 8201 NE Hickory St
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