Fully Leased Ambient Storage Warehouse — Sale in Ortonville, MN

  • Price: $2.9M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Ortonville, MN 56278
  • Size: 94,000 SF
  • Year built: 1960

Photos

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Investment Figures

Price per square foot
$31

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This is a 100% leased, single tenant NNN industrial investment in Ortonville, Minnesota. The 94,632 SF warehouse is leased to a Top Fortune 500 company in agribusiness. The building is being converted from refrigerated to ambient storage. The property offers day one cash flow from a newly executed lease. It is priced at an 11.24% in place cap rate, and built in annual rent escalations grow income over the term. At $33.82/SF, the price is a low basis for a functional industrial building.

Market Context

This industrial in Ortonville, MN is listed for sale at $2,900,000 across 94,000 SF. The building dates to 1960. Compare it against other industrial listings for sale in Ortonville, MN — view the full market.

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