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926 N Front St 22,065 SF 100% Leased Industrial Building New Ulm, MN 56073 $3,929,011 CAD ($178.07 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Tenant will sign a new 10 year lease upon purchase
- Operational efficiency with cross-dock, truck shop, wash station, & office set up
- Annual escalations
- Conveniently located off of Hwy 14
- Additional truck parking in both front & back
- Triple Net lease limiting ownership responsibilities
Executive Summary
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.
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.
Property Facts
| Price | $3,929,011 CAD | Lot Size | 10.50 AC |
| Price Per SF | $178.07 CAD | Rentable Building Area | 22,065 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7.50% | Year Built/Renovated | 1988/1993 |
| Property Type | Industrial | No. Dock-High Doors/Loading | 17 |
| Building Class | B | No. Drive In / Grade-Level Doors | 10 |
| Zoning | I2 | ||
| Price | $3,929,011 CAD |
| Price Per SF | $178.07 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 7.50% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 10.50 AC |
| Rentable Building Area | 22,065 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1988/1993 |
| No. Dock-High Doors/Loading | 17 |
| No. Drive In / Grade-Level Doors | 10 |
| Zoning | I2 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00132500104040 | Improvements Assessment | $1,321,266 CAD |
| Land Assessment | $634,781 CAD | Total Assessment | $1,956,047 CAD |
Property Taxes
Parcel Number
00132500104040
Land Assessment
$634,781 CAD
Improvements Assessment
$1,321,266 CAD
Total Assessment
$1,956,047 CAD
Contacts
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Andrew Lubinski -
Justin Felix -
Aaron Whitmore -
Ethan Haglund -
Trevor Brandvold -
CBRE, Inc.
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