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1300 New Brighton Blvd. 1,720 SF 100% Leased Industrial Building Minneapolis, MN 55413 For Sale
Investment Highlights
- Prime Location
- Rare Truck & Trailer Parking Use
- Strong Tenancy & Stable Income
Executive Summary
Graystone Capital Advisors is pleased to present the opportunity to acquire a rare, infill industrial parking and transportation investment in Northeast Minneapolis.
Situated on 5.32 acres in the heart of the Minneapolis Northeast/Quarry submarket, the property is 100% leased to three national and regional trucking and container operators. In addition to the secured yard areas, the site includes an approximately 1,650 SF office building, leased by two of the tenants, and features a mixture of paved and Class 5 surfaces. The property operates with minimal owner responsibilities, as expenses are passed through to the tenants.
The site offers a grandfathered truck and trailer parking use, a highly valuable feature given current city restrictions that have pushed most available parking options more than 20 miles outside Minneapolis. Tenant areas are fully separated by fencing, the access road is county-maintained with no winter restrictions, and the property is equipped with electrical power for lighting and truck/trailer plug-ins at tenant expense. Exceptional visibility and access from Interstate 35W, coupled with a location less than two miles from downtown, position the asset as one of the most strategically located transportation yards in the urban core. The property is zoned PR2 – Production and Processing District, supporting a wide range of industrial and transportation uses.
With strong in-place income and immediate upside from increasing rents, investors also have long-term optionality, including the potential to acquire adjacent MnDOT land for expansion. This offering provides a supply-constrained, high-demand industrial land opportunity in one of Minneapolis’ most sought-after logistics corridors.
Situated on 5.32 acres in the heart of the Minneapolis Northeast/Quarry submarket, the property is 100% leased to three national and regional trucking and container operators. In addition to the secured yard areas, the site includes an approximately 1,650 SF office building, leased by two of the tenants, and features a mixture of paved and Class 5 surfaces. The property operates with minimal owner responsibilities, as expenses are passed through to the tenants.
The site offers a grandfathered truck and trailer parking use, a highly valuable feature given current city restrictions that have pushed most available parking options more than 20 miles outside Minneapolis. Tenant areas are fully separated by fencing, the access road is county-maintained with no winter restrictions, and the property is equipped with electrical power for lighting and truck/trailer plug-ins at tenant expense. Exceptional visibility and access from Interstate 35W, coupled with a location less than two miles from downtown, position the asset as one of the most strategically located transportation yards in the urban core. The property is zoned PR2 – Production and Processing District, supporting a wide range of industrial and transportation uses.
With strong in-place income and immediate upside from increasing rents, investors also have long-term optionality, including the potential to acquire adjacent MnDOT land for expansion. This offering provides a supply-constrained, high-demand industrial land opportunity in one of Minneapolis’ most sought-after logistics corridors.
Property Facts
| Sale Type | Investment NNN | Rentable Building Area | 1,720 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Truck Terminal | Year Built | 1989 |
| Building Class | C | Parking Ratio | 10/1,000 SF |
| Lot Size | 5.32 AC | Opportunity Zone |
Yes
|
| Zoning | PR2 - Production & Processing, one of the City’s core industrial districts designed to protect and preserve production-oriented land uses. | ||
| Sale Type | Investment NNN |
| Property Type | Industrial |
| Property Subtype | Truck Terminal |
| Building Class | C |
| Lot Size | 5.32 AC |
| Rentable Building Area | 1,720 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Parking Ratio | 10/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | PR2 - Production & Processing, one of the City’s core industrial districts designed to protect and preserve production-oriented land uses. |
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Bike Score®
Biker's Paradise (95)
Property Taxes
| Parcel Number | 13-029-24-13-0001 | Improvements Assessment | $146,157 CAD |
| Land Assessment | $2,902,766 CAD | Total Assessment | $3,048,923 CAD |
Property Taxes
Parcel Number
13-029-24-13-0001
Land Assessment
$2,902,766 CAD
Improvements Assessment
$146,157 CAD
Total Assessment
$3,048,923 CAD
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1300 New Brighton Blvd.
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