Click here to go to the Ten-X.com site
PROPERTY INFORMATION
Address: 14140-14198 Northdale Blvd., Rogers, MN
Square Feet: 120,079
Occupancy: 81%
FINANCIAL SUMMARY
Year 1 NOI: $421,514
Year 2 NOI: $517,684
Year 3 NOI: $576,930
INVESTMENT HIGHLIGHTS
• Well located at the intersection of MN State Highway 101 and 141st Avenue N with over 44,000 cars per day.
• The building’s flexible design is ideal for small to mid-size businesses seeking visibility and ease of access.
• The Property offers a value-add opportunity - at 81% occupancy, investors can greatly improve the NOI through lease-up and potentially increased revenues enhanced by retail and/or showroom uses.
• The average household income within 3 miles of the Property is $128,061.
• The Rogers industrial submarket consists of 8.8 million square feet with current market vacancy of 8.9%.
• Significant potential for operating expense savings - the Property’s proposed 2019taxable market value is $6,243,000.
• Vast area amenities include major retailers and restaurants - Super Target, Cabella’s, Cub Foods and Kohl’s.
Click here to visit the Ten-X.com site
- Property Type
Industrial
- Year Built
2000
- Total Acres
2.76
- Property ID
2078245
