Properties For Sale

at 13025 Fenway Blvd N

Industrial Condo For Lease or Sale AVAILABLE, Now

Floor 1-2

Size 3,937 SF

Type INDUSTRIAL

Lease Type NET_NNN

Sublease No

• 20’ clear height • Large 16’WX14’H drive -in door • 200 amp | 120/208 volt power • Sprinklered • Drains with flammable waste trap • In-floor heat • Mezzanine included • Large windows • LED lighting • Fence between each building enclosing middle area • Zoned I-3 General Industrial

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Listing Agency: Titus Commercial Real Estate

Listed By: Mike A Brass · License #40630577 Show Phone

Source: Moodyscre

Added: Apr 20 Changed: Oct 16 Last Checked: Oct 20 at 11:18PM

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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 Titus Commercial Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This industrial warehouse offers 20’ clear height with a large 16’W x 14’H drive-in door for convenient loading. The building includes a mezzanine, sprinklered system, and large windows. Interior features include in-floor heat and LED lighting, supported by 200 amp service with 120/208 volt power.

Additional site and utility details include drains with a flammable waste trap. The property configuration includes fenced separation between each building enclosing a middle area.

The property is zoned I-3 General Industrial, supporting a broad range of general industrial uses under applicable regulations.

Key Highlights

• 20’ clear height
• 16’W x 14’H drive‑in door
• Zoned I‑3 general industrial

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,767

Cap Rate

6.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,055,340 $1.1M

Cap Rate 7%

$753,814 $753.8K

Cap Rate 9%

$586,300 $586.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$64.8K $16.20/SF

− Vacancy

−$2.7K −$0.68/SF

EGI

$62.1K $15.52/SF

− OpEx

−$9.3K −$2.33/SF

NOI

$52.8K $13.19/SF

Area

Anoka County, MN

Vacancy

4.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,055,340

Cap Rate 7%

$753,814

Cap Rate 9%

$586,300

Alternative Uses

Best Use

Warehouse

$753.8K

$659.6K – $879.5K (±1% cap)

NOI $52,767 @ 7.0% cap · market cap 6.21%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.11M

$972.2K – $1.30M (±1% cap)

NOI $77,775 @ 7.0% cap · market cap 9.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Parts Store Hair Salon Pharmacy Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20 ft

Clear height

1

Drive-in doors

Yes

Sprinkler system

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

113

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 55038, MN

23,735

Population

9,355

Households

2.5

Avg Household Size

39

Median Age

49%

College-Educated

98%

High-School Grad

50.5 sq mi

ZIP Area

470

Density / Sq Mi

$127,194

Median Household Income

$67,946

Median Earnings

$1,844

Median Rent

$408,000

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar Off Market Nearby

• Eagle's Landing Garage Condos — 13025 Fenway Blvd N Unit B300, Hugo, MN 55038
• Public Storage — 13465 Fenway Blvd Cir N, Hugo, MN 55038

Frequently Asked Questions

What type of property is this?

Warehouse - Sprinklered industrial space with in-floor heat, mezzanine, and a large drive-in door, zoned I-3.

Where is this warehouse located?

The property is located at 13025 Fenway Blvd N Hugo, MN.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: 20’ clear height; 16’W x 14’H drive‑in door; Zoned I‑3 general industrial