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$3,500,000
Est. payment /mo
224,769 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 224,769 sqft
Price per Sqft $15
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MLS Listing ID 6708619
Year Built 1990
Annual Tax Amount $28,122
Lot Size 5.160 Acres
Acres 5.16
Lot Dimensions 600 X 377
Property Description
Investment/Owner User property For Sale, located at 480 Park Avenue in Eden Valley. The subject property consists of a 128,000 +/- square foot industrial complex – currently 100% leased by Crown Crafts, Inc. Property is conveniently located just one block off Highway 55 and in close proximity to Highway 15.
Offering consists of eight buildings totaling over 128,000 SF on approx. 5.15 +/- acres. The tenant, Crown Crafts, Inc, is one of the world's largest infant product manufacturers. Tenant has occupied the property for over 20 years. These well-maintained buildings were mostly built in the 1990's and 2000's. All buildings are fully sprinkled and feature 11 loading docks (2 with levelers), 4 drive in doors, Three phase power, several front offices, breakroom/conference room, and more.
Excellent opportunity for an owner user to secure their location and capitalize on the rental income until the tenant lease expires, or for an investor to acquire the property at a high cap rate and low basis.
Offering consists of eight buildings totaling over 128,000 SF on approx. 5.15 +/- acres. The tenant, Crown Crafts, Inc, is one of the world's largest infant product manufacturers. Tenant has occupied the property for over 20 years. These well-maintained buildings were mostly built in the 1990's and 2000's. All buildings are fully sprinkled and feature 11 loading docks (2 with levelers), 4 drive in doors, Three phase power, several front offices, breakroom/conference room, and more.
Excellent opportunity for an owner user to secure their location and capitalize on the rental income until the tenant lease expires, or for an investor to acquire the property at a high cap rate and low basis.
Location
State MN
County Meeker
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Direction Property is conveniently located just one block off Highway 55 and in close proximity to Highway 15. Location is approximately 70 miles northwest of the Twin Cities.
Interior
Heating Forced Air, Radiant
Exterior
Parking Features Parking Lot
Garage Spaces 4.0
Utilities Available Electric Common, Heating Common, Hot Water Common
Accessibility None
Total Parking Spaces 4
Building
Water City Water/Connected
Others
Senior Community No
Tax ID 240287000
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Listed by Orion Real Estate Advisors, Inc
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