Mauser Packaging - Cannon Falls, MN
100 Holiday Ave Cannon Falls , MN 55009

Mauser Packaging - Cannon Falls, MN - industrial for sale

Download offering memorandum:

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

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