6700 Industry Ave - Manufacturing FOR SALE


Ramsey, MN 55303
$9,243,467 USD
701-566-1204
6700 Industry Ave, Ramsey, MN for Sale
$9,243,467 USD
Manufacturing - FOR SALE
1/8
null | 6.45% Cap Rate

6700 Industry Ave
Ramsey, MN 55303


HIGHLIGHTS

  • New 10-Year Lease — Through March 31, 2036
  • Triple-Net (NNN) Lease Structure
  • 2.5% Annual Rent Increases
  • Mission-Critical Electronics Manufacturing Facility
  • AS9100D-Certified Ramsey Facility — Supporting high-reliability aerospace and defense manufacturing
  • Specialized Manufacturing Buildout — Approximately 91% manufacturing / 9% office

OVERVIEW

?NEW 10-YEAR NNN LEASE - VirTex commenced a new 10-year lease on April 1, 2026 with contractual 2.5% annual rent increases and two renewal options. ?PREDICTABLE CONTRACTUAL RENT GROWTH - Year 1 base rent of $596,204 grows to approximately $744,577 in Year 10, increasing contractual yield on the $9.25MM asking price from 6.45% to approximately 8.05%. ?SPECIALIZED MANUFACTURING FACILITY - The property supports office, warehouse and manufacturing functions with specialized production-related buildout for high-reliability electronics manufacturing. ?FUNCTIONAL INDUSTRIAL REAL ESTATE - 63,913 SF on 5.52 acres with 236 parking spaces, two dock-high doors, one grade-level door, full HVAC and sprinkler protection. ?CONTRACT RENT AT MARKET - The $9.33/SF Year 1 contract rent is consistent with market rent, providing a well-supported going-in income stream.

FOR SALE DETAILS

PRICE

$9,243,467 USD

PRICE/SF

$144 USD /SF

CAP RATE

6.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

1

PARKING SPACES

256

LAND DETAILS

LAND ACRES

5.52

LAND SF

240,451

ZONING

I

APN/PARCEL ID

27-32-25-42-0003,27-32-25-42-0006

ASK ABOUT THIS PROPERTY

Garett SmithBlacktree, IncMore Info
701-566-1204

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Garett SmithBlacktree, IncMore Info
701-566-1204

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