Loretto Light Industrial, Outdoor Storage & Auto Services Investment Property

250 Saint John Street Loretto, MN 55357

250 Saint John Street, Loretto, MN, 55357
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FOR SALE
Property Type:
Warehouse
Amount:
$1,650,000
Last Verified:
Oct 22, 2024

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Highlights

  • Light Industrial Investment property with Outdoor Storage
  • 8.6% In-Place Cap Rate
  • 88% Occupied
  • Ample Outdoor Parking
  • 4 Drive-In & 1 Dock High door

Description

This property is located in Hennepin County & the beautiful community of Loretto, MN.
A short drive west of the NW suburbs (Highways 55 & 19) of the Twin Cities, this offering has a mix of Light Industrial, Warehouse, Outdoor Storage and Office/Flex space. Tenants include Light Manufacturing, Auto Dealer, Landscaping &
Indoor/Outdoor Storage.

Hard to find asset type for investors and tenants, especiallywith outdoor storage capabilities.
* Outdoor Storage Available - See Aerial Below *

Zoning for this property is Light-Industrial, with a current occupancy of approximately 88%, and solid leasing activity over the past 12 months. Professionally managed and updated throughout since purchased.

Currently priced at $68/SF and an 8.6% Cap Rate, with opportunity to grow income !
* Financials available with a signed Confidentiality Agreement *

Located just west of the Twin Cities in the city of Loretto, MN.
WALKING DISTANCE TO VARIOUS RESTAURANTS, CLOSE PROXIMITY TO HWY 55 & 19


Year Built: 1987
Building Size: 24140sq ft
Lot Size: 1.89 acres


Documents

Marketing Brochure | 250 Saint John St, Loretto, MN
FLOOR PLAN - 250 ST JOHN LORETTO MN.pdf

Map of 250 Saint John Street, Loretto, MN, 55357

Presented by:
KW Commercial | The Summit CRE Group

Request additional information
Chad Heer, CCIM


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