1302 5th St S - Manufacturing FOR SALE
Hopkins, MN 55343 |
1302 5th St S
Hopkins, MN 55343
HIGHLIGHTS
- The property is 100%-leased to Thermotech through early 2031 on an absolute net basis.
- Near the highly desirable Golden Triangle business park, one of the largest and most well-known parks in the Twin Cities.
- Thermotech has operated its injection molding business at this facility since 2006 and recently signed a 10-year lease extension in 2020.
- Minneapolis/ St. Paul’s Southwest submarket had a vacancy rate of 5.9% in Q1 of 2021 and showed positive absorption during the first quarter as well.
- This facility is Thermotech’s headquarters, where it operates more than 60 state-of-the-art injection molding machines.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Thermotech
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Manufacturing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1967
UTILITIES
-
CLEAR CEILING HT
20 Ft
DOCKS
3
DRIVE INS
7
PARKING SPACES
225
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
25-117-22-23-0061
