150 Industrial Park Rd SE - Manufacturing FOR SALE


Cokato, MN 55321
$3,200,000 USD
952-897-7800
150 Industrial Park Rd SE, Cokato, MN for Sale
$3,200,000 USD
Manufacturing - FOR SALE
1/22
null | 8% Cap Rate

150 Industrial Park Rd SE
Cokato, MN 55321


HIGHLIGHTS

  • 8.00% Cap Rate
  • Creditworthy Tenant - Masco Corporation (MAS) - rated fortune 500
  • Below market basis $45.36 PSF
  • Below market rents $3.97 PSF
  • 3.0% annual increases, next increase 8/1/26
  • Limited Landlord responsibilities (structural)

OVERVIEW

Colliers is please to present this single tenant, industrial investment opportunity in Cokato, MN. Sauna 360, Inc. (“tenant”) owned by Masco Corp, NYSE symbol (MAS) entered into a 5-year lease agreement 8/1/2024 due tothe need of expansion within the market. Tenant has been in operations for over 30 years in Cokato. With rapid growth in residential and commercial sauna industry, tenant has demonstrated stable growth, a long term commitment to this market and continues to be an industry leader.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

UTILITIES

-

CLEAR CEILING HT

12 Ft

DOCKS

5

DRIVE INS

2

PARKING SPACES

23

LAND DETAILS

LAND ACRES

2.6

LAND SF

113,256

ZONING

Commercial

APN/PARCEL ID

105-035-000010,105-035-002030

ASK ABOUT THIS PROPERTY

Casey O'MalleyColliersMore Info
952-897-7800

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Casey O'MalleyColliersMore Info
952-897-7800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.