210 10th NE Ave Brainerd, MN 56401-2802
- Flex space
- 67,373 SF
- 4.23 lot acres
Current Use by Public Records
- ATEK Access Technologies / Electronic Parts Supplier
- Larco / Manufacturer
- Atek Products / Manufacturer
- AssetScan / Computer Service
Property Details for 210 10th NE Ave
- Year built
- 1960
- Lot size
- 4.23 lot acres
- Property size
- 67,373 SF
- Property type
- Flex space
- APN
- 41191865
- APU
- 41191865
Description
Exceptional investment opportunity: a 67,373-square-foot manufacturing facility in Brainerd, Minnesota, is available for sale. This single-story building, constructed in 1960 and renovated in 2011, sits on a 4.23-acre lot at 210 10th Ave NE, 56401. The property features six dock-high doors and a 14-foot ceiling height. Currently 100% occupied by ATEK Access Technologies under a 15-year absolute NNN lease with a 7.25% cap rate and a $500,000 annual net operating income (NOI). The lease includes a crucial 2% annual rent increase, providing inflation protection, and two 5-year renewal options. This sale-leaseback transaction offers a passive investment with minimal landlord responsibilities. ATEK, a well-established company, utilizes the facility for its manufacturing, warehousing, purchasing, customer service, accounting, and HR operations. The property's strategic location and ATEK's long-term commitment ensure a stable and predictable income stream. The building's capacity allows for significant production expansion within the existing footprint. This is a fee-simple ownership opportunity with no ground lease.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $840,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $710,000
- 6.5%
- $825,000
- 7%
- $835,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $655,000
- Geo Method
- $770,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $695,000
- Retail
- $740,000
- Mixed-Use
- $875,000
- Hospitality
- $825,000
- Educational
- $755,000
- Residential Income
- $765,000
- Energy
- $655,000
- Income-Based Land
- $855,000
- Food Service
- $800,000
Location Insight
- Map
- Local Demand
- City
- Brainerd
- County
- Crow Wing
- State
- Minnesota
- Longitude
- -94.1734
- Latitude
- 46.3611
- CBSA code
- 14660
- CBSA name
- BRAINERD, MN MICROPOLITAN STATISTICAL AREA