1385 Mendota Heights Rd, Mendota Heights, MN 55120
INDUSTRIAL For SaleYear Built: 1979
Floors: 1
Class: B
| Space | Size | Type | Pricing |
|---|---|---|---|
| High-Finish Industrial Flex Investment for Sale | SALE | $4,430,000.00 |
Chad Weeks - Arrow Real Estate Corp.
PHONE: 6126199911
Jeff Penfield - Arrow Real Estate Corp.
PHONE: 6123252067
PHONE: 7634246355
1385 Mendota Heights Business Plaza is a fully leased, professionally maintained industrial and flex investment property. It features high-quality office finishes and functional warehouse capabilities, including a clear height of 14 feet and two dock doors. This asset is strategically located near MSP International Airport and major regional highways. • The property boasts a diverse and stable tenant mix, supported by long-term leases (rent roll available upon request). The net operating income (NOI) is $327,777. • Value-Add Opportunity: The property offers a compelling investment upside, with several in place leases well below current market rates (estimated market range $12-14, with most recent lease completed at $14.84 Net) • Recent capital improvements include a remodeled restroom core and a new roof installed in 2023, which comes with a warranty expiring on November 4, 2047. • The property offers excellent visibility and accessibility to major highways in the region. • This represents an exceptional turnkey investment opportunity in one of the Twin Cities' most accessible and well-established submarkets.