For Sale
$3,500,000

480 Park Ave Eden Valley, MN 55329

128,000 SF, 9% Cap Rate, Value-Add

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a fully occupied, single-tenant industrial property encompassing eight buildings totaling over 128,000 square feet on approximately 5.16 acres in Eden Valley, Minnesota. The property, located at 480 Park Ave E, 55329, enjoys a prime location just off Highway 55 and near Highway 15, approximately 70 miles northwest of the Twin Cities. Currently 100% leased to Crown Crafts, Inc. (dba Manhattan Toy Company), a globally recognized infant product manufacturer with an S&P BB+ rating, this property offers a strong, stable income stream. The tenant has occupied the site since 1985, undergoing several expansions. The lease features an attractive 6.5% rent increase scheduled for July 2025. Building amenities include 11 loading docks, 4 drive-in doors, three-phase power, multiple front offices, a breakroom/conference room, and a fully sprinklered system. The asking price is $3,500,000, with a current Net Operating Income (NOI) of $315,000, resulting in a compelling 9% capitalization rate. This presents a rare chance to acquire a fully stabilized, single-tenant investment property, ideal for a 1031 exchange. Seller financing may be available. Ceiling heights vary.

Property Details for 480 Park Ave

Property type
Warehouses, Industrial properties
Square Feet
128,000 SF
Buildings
8
Lot Size (sq. ft)
224,770 SF

Location Insight

City
Eden Valley
County
Meeker
State
Minnesota
Latitude
45.3206961
Longitude
-94.5404728

FAQs

What type of property is this?
Warehouse - 128,000 SF, 9% Cap Rate, Value-Add
Where is the warehouse located?
The property is located at 480 Park Ave Eden Valley, MN.
What is the asking price?
The asking price for this property is $3,500,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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480 Park Ave
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