Rochester Flex for Sale - North Rochester
Sales Notes – 1820 14th St NW, Rochester, MN
Stabilized flex/industrial property located directly off Highway 52 in northwest Rochester. The asset is fully occupied under a master NNN lease and is underwritten on existing, income-producing square footage only, providing clean and defensible in-place NOI.
The property is currently configured with approximately 25,200 SF of existing rentable area, with additional expansion potential to approximately 31,200 SF via mezzanine build-out. Expansion is not assumed in current financials and represents true upside for a future owner through execution rather than assumption.
The building features 7 heated garage bays, 2 loading docks, and 1 large drive-in overhead door, supported by 20’ clear ceiling heights, an elevator, and ADA-compliant restrooms on both floors. The upper level includes private offices, cubicle areas, conference rooms, and mezzanine space overlooking the warehouse and covered dock.
In-Place Financials (As-Is):
• Base Rent / NOI: $453,600 annually
• CAM/NNN expenses reimbursed separately (pass-through; not included in NOI)
The property is suitable for a variety of buyer profiles, including investors, owner-users, or sale–leaseback buyers, and offers a compelling combination of current income stability and future upside through expansion or reconfiguration.
Pricing and transaction structure are flexible and subject to market feedback.
