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Property profile

24786 Mesenbrink Way Lakeville, MN 55044

OFF-MARKET
Warehouses
10,000 SF 111078 ac lot Built 2023
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Property summary

AI-generated overview

This exceptional 10,000-square-foot Class A industrial warehouse, built in 2023, is situated on an expansive 111,078-square-foot lot in Lakeville, Minnesota. Ideally located midway between the Elko and Lakeville exits on I-35's east side, this property offers unparalleled convenience and accessibility. The building comprises two 5,000-square-foot units, each featuring six large bays with vaulted ceilings, clean concrete floors, and abundant natural light. Energy efficiency is a key feature, ensuring comfortable temperatures year-round. Each 5,000-square-foot bay boasts 200-amp, 3-phase electrical power, and Metronet internet is already installed. Safety is prioritized with floor drains equipped with flame traps. Ample parking is available, with potential for creating secure, fenced rental space to generate additional income. The property's wide-open bays provide flexible build-out options, making it suitable for a diverse range of businesses. The permitted zoning is Commercial/Industrial. This turn-key property presents a unique opportunity for owner-users seeking a modern, efficient, and strategically located industrial space. All information is deemed reliable but not guaranteed.

Property profile

Verified
Property type Warehouses
Year built 2023
Total area 10,000 SF
Lot 111078 ac (4,838,557,680 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

24786 Mesenbrink Way Lakeville, MN 55044
Lakeville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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