7373-7401 W 126th St, Savage, MN
Industrial property in Savage with outside storage and short-term leases.
- Added:
- Oct 16, 2024
- Days on Market:
- 608
- Last Refresh:
- May 19 at 10:29 pm
Property Features for 7373-7401 W 126th St
General Information
- Standard status
- Active
- Size
- 17,532 SF
- Lot size
- 2.76 Acres
- Property subtype
- INDUSTRIAL
Listing agent Randy Kubes (612) 599-7440
Listing office Kubes Realty (612) 599-7440
Listing date Oct 16, 2024
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 Kubes Realty
HighLights
- 17,532 total sf of buildings across three structures.
- Great Savage location with easy access to Hwy 35 and Hwy 169.
- Short term leases provide flexibility for the new owner.
- Large amount of outside storage available.
- Building sizes: 9,549 sf, 7,200 sf, and 864 sf.
- Industrial property suitable for various uses.
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 | $284.0k | $16.20 |
| − Vacancy | −$11.9k | −$0.68 |
| EGI | $272.1k | $15.52 |
| − OpEx | −$40.8k | −$2.33 |
| NOI | $231.3k | $13.19 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Public Storage — 7801 128th St W, Savage, MN 55378
- Cargill West Elevator — 12100 Dakota Ave, Savage, MN 55378
- Midwest RV Rentals, Inc — 12550 Dakota Ave, Savage, MN 55378
- WOW Logistics Savage DC / Agropur — 6633 State Hwy 13, Savage, MN 55378
Location Insight
- Map
- Local Demand
- City
- Savage
- County
- Scott
- State
- Minnesota
- Longitude
- -93.3733
- Latitude
- 44.7751