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391 Old Hwy 12 W, Ortonville, MN

$3,200,000

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5.00

Acres

About 391 Old Hwy 12 W

This is a 100% leased, single tenant NNN industrial investment in Ortonville, Minnesota. The 94,632 SF warehouse is leased to a Top Fortune 500 company in agribusiness. The building is being converted from refrigerated to ambient storage. The property offers day one cash flow from a newly executed lease. It is priced at an 11.24% in place cap rate, and built in annual rent escalations grow income over the term. At $33.82/SF, the price is a low basis for a functional industrial building. The building sits on approximately 5 acres zoned industrial. It has four loading docks, 16'–20' ceiling heights and full sprinkler coverage, with room to expand. The site is in the City of Ortonville's Opportunity Zone, in an established agricultural market with regional access to Minnesota, South Dakota and North Dakota.

Features of 391 Old Hwy 12 W

MLS® # 6825889
Price $3,200,000
Acres 5.00
Year Built 1960
Type Commercial Sale
Status Active

Community Information

Address 391 Old Hwy 12 W
City Ortonville
County Big Stone
State MN
Zip Code 56278

Amenities

Utilities Electric Common, Heating Separate
Parking Parking Lot
# of Garages 4
Is Waterfront No
Has Pool No

Interior

Heating Other
Cooling Zoned
Fireplace No

Exterior

Exterior Features Metal
Roof Metal
Construction Steel Siding

School Information

District Ortonville Area

Additional Information

Days on Market 331
Zoning Industrial
Foreclosure No
Short Sale No

Listing Details

OfficeRE/MAX Now (Valley City)

Listing Map

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