Ask a Question
Property 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.The building sits on approximately 5 acres zoned industrial. It has four loading docks, 16'?20' ceiling heights and full sprinkler coverage, with room to expand. The site is in the City of Ortonville's Opportunity Zone, in an established agricultural market with regional access to Minnesota, South Dakota and North Dakota.
Property Features
Property Type: Commercial - Business
Cooling: Zoned
Fuel Type: Electric, Other
Garage: 4
Heating: Other
Lot Size: 5.00 Acres
Roof Type: Metal
Stories: 1.0
Taxes: $6,843
Year Built: 1960
Feature Descriptions
Basement: None
Current Use: Warehouse
Days on Site: 305
Exterior: Steel Siding
Foundation Size: 94000
Lot Dimensions: Irregular
Parcel#: 221659000
Parking: Parking Lot
Sale Includes: Building, Fixture/Equipment
Sewer: Septic System Compliant - Yes
Units: 1
Utilities: Electric Common, Heating Separate
Water: City Water/Connected
Local Schools
School District: Ortonville Area
Listed By / Shown By
Listed By
Agency Name: RE/MAX Now (Valley City)
Agency Phone: 701-845-0782
Shown By
Agency Title: Counselor Realty
Agency Phone: 612-405-8404
TOUR PROPERTY
Choose a date and time to see 391 Old Hwy 12 W, Ortonville, MN 56278.
An agent will get in touch to confirm your request shortly.
Near By
Print This Listingx
Select a format below, new window will open and will prompt you to print.
391 Old Hwy 12 W | MLS# 6825889
This commercial property located at 391 Old Hwy 12 W, Ortonville, MN 56278 is currently listed for sale with an asking price of $3,200,000. Old Hwy 12 W is located within the Ortonville Area school district. Search Ortonville real estate on www.counselorrealty.org today.