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 | 11.1Yrs |
Mauser Packaging - Cannon Falls, MN - industrial for sale
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