Mauser Packaging - Cannon Falls, MN - industrial for sale
Overview
JLL is pleased to offer for sale the fee-simple interest in a mission critical industrial distribution facility (the “Property” or “Asset”) leased on a triple net basis to industry leading packaging conglomerate, Mauser Packaging Solutions (the “Company” or “Tenant”). The Minneapolis-based location totals 200,000 square feet and operates under the Company’s vital “Reconditioning Services” business unit.
Investors have the opportunity to purchase a very well maintained industrial facility with over 11 years of remaining lease term, inclusive of 3.0% bi-annual escalations. The in-place NNN leases ensure minimal landlord responsibilities and a hands-off, passive investment. The Offering represents a unique opportunity to purchase an appreciating cash flow tenanted by a private equity-backed industry leader, poised to capitalize on the inherent need to provide industrial packaging for the ±$36 trillion of manufactured goods produced worldwide.
Investment highlights
- Mission-critical facility and strategically located given tenant's significant Midwest focus
- Industrial packaging conglomerate with revenues of $4 billion
- Strong infrastructural connectivity with below-market rents creates attractive upside potential
- Industrial packaging industry is forecasted to grow by a 5.4% CAGR over the next six years
- Annual net absorption in the Minneapolis industrial market has averaged 3.64 million square feet from 2012 to 2018
| General | |
| Property type | Industrial |
| Property subtype | Flex |
| Tenure type | Sale/Purchase |
| Property address | 100 Holiday Ave, Cannon Falls, MN 55009 |
| Market | Minneapolis |
| Land in acres | 16.9 |
| Building size | 200,000 ft2 |
| Year built | 1987 |
| Financial | |
| Price | $7,743,850 |
| Cap rate | 6.85% |
| Current NOI | $530,454.00 |
| Lease | |
| Tenant's name | Mauser Packaging Solutions |
| Lease type | NNN |
| Annual rent | $530,454.00 |
| Lease expiration date | 12/31/2030 |
| Remaining term | 10.9Yrs |
Mauser Packaging - Cannon Falls, MN - industrial for sale
Presented by:
-
Broker of record
- Chris Hickok, CCIM
- chris.hickok@am.jll.com
- +1 612 217 5121
Other properties you may be interested in
-
Retail1165 N. Clark Retail Vertical Subdivison1165 N Clark St, Chicago, IL 60610-2702Confidential18,100 ft2Sale/Purchase -
Retail260 Beacon Street260 Beacon St, Somerville, MA 02143-3534$2,000,0003,022 ft2Sale/Purchase -
Healthcare3149 Ambassador Caffery Pkwy, Lafayette LA3149 Ambassador Caffery Pkwy, Lafayette, LA 70506-7209$17,026,20835,367 ft2Sale/Purchase -
Retail3500 Youngfield - Wheat Ridge, CO3500 Youngfield St, Wheat Ridge, CO 80033-5286$3,175,0006,500 ft2Sale/Purchase -
Industrial75 Technology Drive75 Technology Dr, Lowell, MA 01851-2729$8,450,00062,000 ft2Sale/Purchase -
Retail7-Eleven - Bradley Beach, NJ415 Main St, Bradley Beach, NJ 07720-1007$1,645,0002,385 ft2Sale/Purchase