UPS South Highway 10

Property Info:

Location:

Address: 3057 SE Highway 10
Town/Suburb/City: St. Cloud
State/County/Province: MN
Postal code/ZIP: 56303
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Details:

Asking Price: $890,000.00
Square Footage: 19,902 - 890,000

Contact:

Agent's Name: Mike Bobick, CCIM
Phone Number: 320-333-2692
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Property Description:

This property is located just south of St. Cloud and has been leased to United Parcel Service since 1985. They recently signed a fresh five-year extension at $5,900 per month plus taxes and insurance and other operating expenses. Commencing November 1, 2018 the rent goes to $6,100 per month plus taxes, insurance and operating expenses. Current annual net rent is $70,800. The facility is being offered at $890,000, which is an initial capitalization rate of approximately 8%. This is a specialty facility with custom equipment for handling parcels that has served UPS well for many, many years.The Highway 10 location provides good access, which leads to other major routes in all directions.

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