150 Industrial Park Rd SE, Cokato, MN 55321
INDUSTRIAL For SaleYear Built: 1966
Floors: 1
| Space | Size | Type | Pricing |
|---|---|---|---|
| Single-Tenant Net Leased Industrial Offering | SALE | $3,200,000.00 |
Casey O'Malley - Colliers
PHONE: 3202606815
Colliers is please to present this single tenant, industrial investment opportunity in Cokato, MN. Sauna 360, Inc. (“tenant”) owned by Masco Corp, NYSE symbol (MAS) entered into a 5-year lease agreement 8/1/2024 due to the need of expansion within the market. Tenant has been in operations for over 30 years in Cokato. With rapid growth in residential and commercial sauna industry, tenant has demonstrated stable growth, a long term commitment to this market and continues to be an industry leader. Highlights: • 8.00% Cap Rate • Creditworthy Tenant - Masco Corporation (MAS) - rated fortune 500 • Below market basis $45.36 PSF • Below market rents $3.97 PSF • 3.0% annual increases, next increase 8/1/26 • Limited Landlord responsibilities (structural)