612-508-8637
2001 S Highway 61, Lake City, MN for Sale
Manufacturing - FOR SALE
1/1
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2001 S Highway 61
Lake City, MN 55041


OVERVIEW

TaTonka Real Estate Advisors is pleased to offer the sale-leaseback of Valley Craft’s 176,337 square foot industrial building located on an 8.06-acre site. Valley Craft will execute a new 10-year NNN lease at closing. PRICE: NEGOTIABLE NEW 10-YEAR LEASE SIGNED BY BALLYMORE CORPORATION (PARENT COMPANY) ON CLOSING YEAR 1 NOI: $793,517 2.25% ANNUAL INCREASES NNN LEASE MARKET RENT: $4.50 PSF 176,337 SF SIGNIFICANT CAPITAL INVESTMENTS INTO THE FACILITY AND MACHINERY

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sale/Lease Back - Valley Craft

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

-

CLEAR CEILING HT

33 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

115

LAND DETAILS

LAND ACRES

8.06

LAND SF

351,094

ZONING

LI

APN/PARCEL ID

R-22.00164.06

ASK ABOUT THIS PROPERTY

Timothy StewartTaTonka Real Estate Advisors, IncMore Info
612-508-8637

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Timothy StewartTaTonka Real Estate Advisors, IncMore Info
612-508-8637

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