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    150 Industrial Park Rd SE Cokato, MN

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    For Sale
    $3,200,000

    Single tenant industrial property with creditworthy tenant and growth potential.

    Property size:
    64,658 SF
    Lot size:
    2.53 Acres

    Property Features for 150 Industrial Park Rd SE

    General Information

    Size
    64,658 SF
    Lot size
    2.53 Acres

    Source: Colliers Agent Casey O'Malley

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

    Overview

    Cokato Industrial Investment Opportunity

    This single-tenant industrial investment opportunity is located in Cokato, MN. The tenant, Sauna 360, Inc., a subsidiary of Masco Corp (NYSE: MAS), has been in operation for over 30 years. The tenant entered into a 5-year lease agreement beginning 8/1/2024, driven by expansion needs within the market. The property offers a below-market basis of $45.36 per square foot and below-market rents at $3.97 per square foot. The lease includes 3.0% annual increases, with the next increase scheduled for 8/1/26. Landlord responsibilities are limited to structural aspects of the property. The property is a 64,658 square foot industrial building. The tenant has demonstrated stable growth and a long-term commitment to the market due to rapid growth in the residential and commercial sauna industry.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cokato
    County
    Wright
    State
    Minnesota
    Longitude
    -94.1947
    Latitude
    45.0662

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    FAQs

    What type of property is this?
    Manufacturing property - Single tenant industrial property with creditworthy tenant and growth potential.
    Where is this manufacturing property located?
    The property is located at 150 Industrial Park Rd SE Cokato, MN.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Creditworthy Tenant: Leased to Masco Corporation (NYSE: MAS), a Fortune 500 company; - Attractive Cap Rate: Features an 8.00% capitalization rate; - Below Market Rent: Current rent at $3.97 PSF, significantly below market
    (320) 260-6815
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    Cokato, MN
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150 Industrial Park Rd SE Cokato, MN
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