ATEK Access Technologies | 210 10th Ave NE
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ATEK Access Technologies 210 10th Ave NE
67,373 SF Industrial Building Brainerd, MN 56401 $6,896,552 ($102/SF) 7.25% Cap Rate
Investment Highlights
- Brand New 15-Year Absolute NNN Lease Term Upon Close of Escrow
- Innovative Operator with +/-80 Years of Experience
- Diverse Customer Base of More Than 425 Active Customers
- 2% Annual Rental Increases
- Mission-Critical Manufacturing Location
Executive Summary
This ATEK Access Technologies property offers a passive investment opportunity with a brand-new 15-year absolute NNN lease commencing upon close of escrow, providing stable, long-term cash flow with no landlord responsibilities. The lease includes 2% annual rental increases and two 5-year renewal options, offering a hedge against inflation. The property serves as a mission-critical manufacturing location for ATEK, housing their manufacturing, warehousing, purchasing, customer service, accounting, and HR operations. It also houses a substantial amount of large manufacturing equipment and has a highly specialized and experienced cross-trained workforce (many have been with the company for 20+ years). This allows ATEK to operate at high efficiency and attain over 98% on-time delivery. The Brainerd operation also has the capacity to more than double production using the current manufacturing footprint.
In Association With: Anne Perrault - MN Lic. #40564077
In Association With: Anne Perrault - MN Lic. #40564077
Property Facts
| Price | $6,896,552 | Building Class | C |
| Price Per SF | $102 | Lot Size | 4.23 AC |
| Sale Type | Investment NNN | Rentable Building Area | 67,373 SF |
| Cap Rate | 7.25% | No. Stories | 1 |
| Sale Conditions | Sale Leaseback | Year Built/Renovated | 1960/2011 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Clear Ceiling Height | 14 FT |
| Price | $6,896,552 |
| Price Per SF | $102 |
| Sale Type | Investment NNN |
| Cap Rate | 7.25% |
| Sale Conditions | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 4.23 AC |
| Rentable Building Area | 67,373 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2011 |
| Tenancy | Single |
| Clear Ceiling Height | 14 FT |
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 091130010010009 | Improvements Assessment | $1,378,700 |
| Land Assessment | $113,900 | Total Assessment | $1,492,600 |
PROPERTY TAXES
Parcel Number
091130010010009
Land Assessment
$113,900
Improvements Assessment
$1,378,700
Total Assessment
$1,492,600
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ATEK Access Technologies | 210 10th Ave NE
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