1104 34Th Ave Alexandria, MN 56308
This exceptional 55,373-square-foot warehouse, situated on approximately 7 acres of land, becomes available February 1, 2023. The property is subject to a land lease agreement with the city. Strategically located near the intersection of Interstate 94 and Minnesota State Highways 27 and 29 in Alexandria, Minnesota (population 15,121), this single-tenant warehouse enjoys a prime position within Airport Park, a thriving mixed-use area featuring a variety of manufacturing, service, and distribution businesses. Its proximity to the Alexandria Municipal Airport, approximately 1.5 miles from the central business district, provides exceptional accessibility. The building boasts a robust steel frame construction with a brick façade, ensuring both durability and aesthetic appeal. Inside, you'll find 100% HVAC coverage for optimal climate control, multiple 3-phase/240-volt electrical services for power-intensive operations, and generous ceiling heights ranging from 18 to 22 feet. Modern amenities include energy-efficient LED lighting and readily available air and gas lines. Ample parking is provided with approximately 75 stalls, along with convenient loading dock access. This warehouse presents a unique opportunity for businesses seeking a well-equipped, strategically located facility in a growing community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.