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1385 Mendota Heights Rd Mendota Heights, MN 55120

For Sale
$4,265,950

Professionally maintained industrial and flex investment property near MSP Airport.

Property size:
33,684 SF
Lot size:
2.91 Acres

Property Features for 1385 Mendota Heights Rd

General Information

Size
33,684 SF
Lot size
2.91 Acres

Source: Arrow Real Estate Corp. Agent Chad Weeks

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Fully Leased Industrial Flex Property

The property at 1385 Mendota Heights Business Plaza is a fully leased, professionally maintained industrial and flex investment property. It features high-quality office finishes and functional warehouse capabilities, including a clear height of 14 feet and two dock doors. Recent capital improvements include a remodeled restroom core and a new roof installed in 2023, which comes with a warranty expiring on November 4, 2047. The property offers excellent visibility and accessibility to major highways in the region. The net operating income (NOI) is $319,946. The property offers a compelling investment upside, with several in place leases well below current market rates (estimated market range $12-14, with most recent lease completed at $14.84 Net). This represents an exceptional turnkey investment opportunity in one of the Twin Cities' most accessible and well-established submarkets. The property is strategically located near MSP International Airport and major regional highways. The property size is 33684 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Restaurant Realty agency Dental Office Hair Salon Auto Repair Shop Building Supply Clothing Store Skin Care Clinic Hotel & Motel Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Mendota Heights
County
Dakota
State
Minnesota
Longitude
-93.1659239
Latitude
44.8660518

FAQs

What type of property is this?
Flex space - Professionally maintained industrial and flex investment property near MSP Airport.
Where is this flex space located?
The property is located at 1385 Mendota Heights Rd Mendota Heights, MN.
What is the asking price?
The asking price for this property is $4,265,950.
What are key features of this property?
This property features: - Strong NOI of $319,946 provides immediate income.; - Value-add opportunity with below-market leases, offering potential for increased rental income.; - New roof installed in 2023 with a warranty until 2047.
More about this property
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