3751 Midway rd - Industrial FOR SALE
Hermantown, MN 55810 |
$1,706,667 USD
972-998-4108
3751 Midway rd
Hermantown, MN 55810
HIGHLIGHTS
- Industry Leading Tenant - FedEx Freight is an industry leader in the Less-Than-Truckload (LTL) industry, generating $9.4B in revenue in FY '24.
- Strategic Hub - This property serves as FedEx Freight's only location in the Duluth MSA (Minnesota’s second-largest MSA, ±280,000 residents).
- Functional Facility - The ±12,550 SF building sits on ±3.74 AC and features 20 total doors.
- Recent Upgrades - The site recently had several significant renovations, including upgrades to the parking lot, HVAC systems, and LED lighting systems
- Long Term Operating History - FedEx Freight has occupied the site for more than 20 years.
- Major Port City - The Port of Duluth serves as the busiest port on the Great Lakes, handling over 35 million tons of cargo annually.
FOR SALE DETAILS
PRICE
$1,706,667 USD
PRICE/SF
$143 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Industrial
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
19
DRIVE INS
1
PARKING SPACES
-
LAND DETAILS
LAND ACRES
5.49
LAND SF
239,144
ZONING
-
APN/PARCEL ID
395001009036
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972-998-4108
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972-998-4108
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