926 N Front St - Industrial FOR SALE


New Ulm, MN 56073
$2,880,000 USD
952-221-8067
926 N Front St, New Ulm, MN for Sale
$2,880,000 USD
Industrial - FOR SALE
1/17
null | 7.5% Cap Rate

926 N Front St
New Ulm, MN 56073


HIGHLIGHTS

  • Tenant will sign a new 10 year lease upon purchase
  • Conveniently located off of Hwy 14
  • Operational efficiency with cross-dock, truck shop, wash station, & office set up
  • Additional truck parking in both front & back
  • Annual escalations
  • Triple Net lease limiting ownership responsibilities

OVERVIEW

Colliers is pleased to present an opportunity to acquire this single-tenant industrial investment in New Ulm, MN. This 22,065 SF truck terminal is situated on 10.5 acres and is leased to D & A Truck Line (a True North Company). Founded in 1959, they now move LTL from Minneapolis to Southern Minnesota with regional freight across MN, IL, IA, WI, and SD as well as OTR freight on the East Coast and Southeast. Home to Kraft Foods, 3M, AMPI, and more, New Ulm offers a growing business friendly environment. D&A currently occupies the entire facility and will sign a new 10 year NNN lease upon purchase, representing a unique opportunity for an investor to secure a single tenant cash flowing asset with an opportunity for continued growth.

FOR SALE DETAILS

PRICE

$2,880,000 USD

PRICE/SF

$131 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

17

DRIVE INS

10

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.5

LAND SF

457,380

ZONING

I2

APN/PARCEL ID

00132500104040

ASK ABOUT THIS PROPERTY

Andrew LubinskiCBRE, Inc.More Info
952-221-8067

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Andrew LubinskiCBRE, Inc.More Info
952-221-8067

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