7900 W Point Douglas Rd S Cottage Grove, MN 55016
- Distribution centers
- 121,200 SF
- 25.30 lot acres
Current Use by Public Records
- Distribution centers
Property Details for 7900 W Point Douglas Rd S
- Year built
- 2021
- Lot size
- 25.30 lot acres
- Property size
- 121,200 SF
- Property type
- Distribution centers
- APN
- 17-027-21-44-0001
- APU
- 1702721440001
Description
This Class A industrial property, Capp Industrial Park, offers 121,000 square feet of warehouse, distribution, and manufacturing space across three single-story buildings. Built in 2021, the park sits on 25.34 acres of land and boasts a 32-foot clear ceiling height. The property is currently multi-tenant occupied, with 57,526 square feet of vacant space available. Flexible lease options allow for spaces as small as 30,000 square feet, with the possibility of dividing the vacant space into a 23,827 square foot suite and a 31,675 square foot suite. The property features a total of 16 dock-high doors and 2 drive-in doors, providing ample loading and unloading capabilities. There are 115 total parking spaces available for employees and visitors. The property enjoys excellent visibility and accessibility due to its convenient location off Highway 61 in Washington County. The property has 2000 amps of power available. Annual property taxes are $1.65 per square foot. This is a rare opportunity to secure high-quality industrial space in a desirable location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $26,645,000
- 6.5%
- $24,595,000
- 7%
- $22,840,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $14,328,000
- AI Estimate
- $20,393,000
Market price range: $14.3M - $26.2MMarket price range: $20.4M - $38.8M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $22,390,000 Current use
- COMMERCIAL (GENERAL)
- $21,350,000 Change: -5% Conversion: Difficult
- RETAIL STORES
- $21,135,000 Change: -6% Conversion: Moderate
- OFFICE BUILDING
- $18,365,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Cottage Grove
- County
- Washington
- State
- Minnesota
- Longitude
- -92.9474
- Latitude
- 44.8213
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA