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Engineering & Manufacturing Facility 105 Donovan Dr 104,767 SF Industrial Building Alexandria, MN 56308 $8,562,276 CAD ($81.73 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Headquarters Location
- Annual Increases
- Low Price Per Square Foot
- Long Lease Term Remaining
- Below Market Rents
- Zero Landlord Responsibilities
EXECUTIVE SUMMARY
Northmarq Commercial, on behalf of ownership, is pleased to present the exclusive offering of a 100% fee simple interest in the Engineering & Manufacturing Facility property located at 105 Donovan Dr, Alexandria, MN 56308 (“Property”).
The property features an absolute NNN lease with ± 10.5 years remaining, providing highly passive ownership with zero landlord responsibilities. The tenant covers all taxes, insurance, operating expenses, and capital expenditures. The lease includes annual rent increases at the lesser of 1.25x CPI or 2%, with four (4) remaining five-year renewal options, offering long-term income stability and growth potential.
The Tenant is a leader in producing custom-engineered plastic components and assemblies. The company serves industries requiring high precision and complexity, excelling in intricate production processes, assisting with new product launches, and managing product life cycles to ensure exceptional quality and operational efficiency.
The property features an absolute NNN lease with ± 10.5 years remaining, providing highly passive ownership with zero landlord responsibilities. The tenant covers all taxes, insurance, operating expenses, and capital expenditures. The lease includes annual rent increases at the lesser of 1.25x CPI or 2%, with four (4) remaining five-year renewal options, offering long-term income stability and growth potential.
The Tenant is a leader in producing custom-engineered plastic components and assemblies. The company serves industries requiring high precision and complexity, excelling in intricate production processes, assisting with new product launches, and managing product life cycles to ensure exceptional quality and operational efficiency.
PROPERTY FACTS
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,759,669 CAD | |
| Land Assessment | $715,409 CAD | Total Assessment | $5,475,078 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$715,409 CAD
Improvements Assessment
$4,759,669 CAD
Total Assessment
$5,475,078 CAD
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Engineering & Manufacturing Facility | 105 Donovan Dr
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