Industrial Sale-Leaseback
2001 S HWY 61 Lake City, MN 55041
2001 S HWY 61, Lake City, MN, 55041
Contact for pricing
For Sale
Contact for pricing
Industrial building offered on a new 10-year NNN lease with annual rent increases.
Property Size176,337 SF
Lot Size8.06 Acres
Days on Market38
Property Features for 2001 S HWY 61
General Information
- Standard status
- Active
- Size
- 176,337 SF
- Lot size
- 8.06 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1965
Listing agency
TaTonka Real Estate Advisors
(612) 466-7300
Listed by
Tim Stewart · License #MN 20292325
Source
Crexi
Added: Jun 15 Updated: Jul 21 at 2:17PM Checked: Jul 21 at 2:17PM
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 TaTonka Real Estate Advisors
Investment Insights
Based on property information with market context.
TaTonka Real Estate Advisors is pleased to offer the sale-leaseback of Valley Craft’s 176,337-square-foot industrial building on an 8.06-acre site at 2001 S Hwy 61 in Lake City, MN. Valley Craft will execute a new 10-year NNN lease at closing.
The lease is signed by Ballymore Corporation (parent company) for the first year of the term. The NNN lease includes 2.5% annual increases, with market rent stated at $4.50 per square foot. Reported Year 1 NOI is $793,517, and the offering notes significant capital investments into the facility and machinery.
This is a purpose-built industrial asset structured for a stabilized NNN lease beginning at closing, with the tenant party identified as Ballymore Corporation (parent company).
The lease is signed by Ballymore Corporation (parent company) for the first year of the term. The NNN lease includes 2.5% annual increases, with market rent stated at $4.50 per square foot. Reported Year 1 NOI is $793,517, and the offering notes significant capital investments into the facility and machinery.
This is a purpose-built industrial asset structured for a stabilized NNN lease beginning at closing, with the tenant party identified as Ballymore Corporation (parent company).
Key Highlights
- 176,337 SF industrial building on an 8.06‑acre site, built in 1965
- New 10‑year NNN sale‑leaseback lease to Valley Craft, executed at closing
- Lease signed in closing year 1 by Ballymore Corporation (parent company)
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
What type of property is this?
Manufacturing property - Industrial building offered on a new 10-year NNN lease with annual rent increases.
Where is this manufacturing property located?
The property is located at 2001 S HWY 61 Lake City, MN.
What are key features of this property?
This property features: 176,337 SF industrial building on an 8.06‑acre site, built in 1965; New 10‑year NNN sale‑leaseback lease to Valley Craft, executed at closing; Lease signed in closing year 1 by Ballymore Corporation (parent company)
