2500 Lexington Ave S, Mendota Heights, MN
Remodeled warehouse with highway access, air conditioning, and sprinkler system.
- Added:
- Sep 12, 2023
- Days on Market:
- 1008
- Last Refresh:
- May 20 at 8:26 pm
Property Features for 2500 Lexington Ave S
General Information
- Standard status
- Active
- Size
- 13,975 SF
- Lot size
- 1.55 Acres
- Property subtype
- INDUSTRIAL
Listing agent Steve T Nilsson (952) 897-7899
Listing office Colliers (952) 897-7899
Listing date Sep 12, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Colliers
HighLights
- Fully remodeled in 2018 - including new roof with 20 year warranty
- Easy access to I‑35E, I‑494 and MN‑55
- Newer furniture may stay to make space turn‑key
- Expansive breakroom and outdoor patio area
- 100% air‑conditioned and sprinklered
- Excellent curb appeal
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $226.4k | $16.20 |
| − Vacancy | −$9.5k | −$0.68 |
| EGI | $216.9k | $15.52 |
| − OpEx | −$32.5k | −$2.33 |
| NOI | $184.4k | $13.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mendota Heights
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.1383
- Latitude
- 44.8836
