1120 & 1225 38th Ave NE
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1120 & 1225 38th Ave NE
2 Industrial Properties Offered at $10,450,000 in Sauk Rapids, MN
Investment Highlights
- Extended Lease 7.8 years (August 31, 2032) .
- Guaranteed by Cornerstone Building Brands (NYSE, CNR).
- Long term occupancy (27 years).
- NNN Lease.
Executive Summary
Colliers is please to present for sale this single tenant,
industrial investment opportunity of Thermo-Tech Premium
Windows and Doors (“Thermo-Tech,” or the “Tenant”), owned
by Cornerstone Building Brands, Inc. (NYSE symbol CNR.)
Thermo-Tech is one of the regions leading vinyl window and
door manufacturers. Tenant has been in occupancy since
1997 and experienced continued growth highlighted by four
expansions since inception to 2018.
Due to Thermo-Tech’s longevity to property, excellent
creditworthiness and continued growth in operations , they
recently extended lease to August, 2032.
industrial investment opportunity of Thermo-Tech Premium
Windows and Doors (“Thermo-Tech,” or the “Tenant”), owned
by Cornerstone Building Brands, Inc. (NYSE symbol CNR.)
Thermo-Tech is one of the regions leading vinyl window and
door manufacturers. Tenant has been in occupancy since
1997 and experienced continued growth highlighted by four
expansions since inception to 2018.
Due to Thermo-Tech’s longevity to property, excellent
creditworthiness and continued growth in operations , they
recently extended lease to August, 2032.
Property Facts
| Price | $10,450,000 | Number of Properties | 2 |
| Price / SF | $53.80 / SF | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 194,245 SF |
| Sale Type | Investment | Total Land Area | 15.09 AC |
| Status | Active |
| Price | $10,450,000 |
| Price / SF | $53.80 / SF |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 194,245 SF |
| Total Land Area | 15.09 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1120 38th Ave NE, Sauk Rapids, MN 56379 | Industrial | 191,173 SF | 1996 | - |
| 1225 38th Ave NE, Sauk Rapids, MN 56379 | Industrial | 3,072 SF | 1993 | - |
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Contacts
-
Casey O'Malley -
Andrew Lubinski -
Justin Felix -
Ethan Haglund -
Aaron Whitmore -
Colliers
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1120 & 1225 38th Ave NE
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