480 Park Ave E - Warehouse FOR SALE


Eden Valley, MN 55329
$3,500,000 USD
320-267-4576
480 Park Ave E, Eden Valley, MN for Sale
$3,500,000 USD
Warehouse - FOR SALE
1/33
null | 9.5% Cap Rate

480 Park Ave E
Eden Valley, MN 55329


HIGHLIGHTS

  • 100% Leased By Crown Crafts, Inc (dba Manhattan Toy Company) | A World Leader in the Infant Toy Manufacturing Space - Lease Expires June 30, 2026
  • Solid Going In Cap Rate of 9.5% | $333,320 NOI
  • 6.5% Annual Rental Increase in July 2025
  • Attractive Low Basis ($27/SF)
  • Excellent 1031 Exchange Replacement

OVERVIEW

CBC Orion Real Estate Advisors are pleased to offer For Sale, 480 Park Avenue in Eden Valley, MN. The subject property consists of a 128,000 +/- square foot industrial complex – currently 100% leased by Crown Crafts, Inc (dba Manhattan Toy Company), until June 30, 2026. Property is conveniently located just one block off Highway 55 and in close proximity to Highway 15. Location is approximately 70 miles northwest of the Twin Cities, and 30 miles from Saint Cloud. Offering consists of eight buildings totaling over 128,000 SF on approx. 5.15 +/- acres. The tenant, Crown Crafts, Inc, is one of the world’s largest infant product manufacturers. Manhattan Toy Company has occupied the property for over 20 years. Most of the buildings were built in the 1990’s and 2000’s. All buildings are fully sprinkled and feature 11 loading docks, 4 drive in doors, Three phase power, several front offices, breakroom/conference room, and more. Excellent opportunity for an owner occupier to secure their location and capitalize on the rental income until the tenant vacates, or for an investor to acquire the property at a high cap rate with a low basis and re-lease the buildings at market rates. *** Offered For Sale at $3,500,000 *** Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for Further Details on this Offering (320) 267-4576

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$27 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

INVESTMENT/ OWNER USER OPPORTUNITY | 128K SF

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

UTILITIES

Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

11

DRIVE INS

3

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.16

LAND SF

224,770

ZONING

-

APN/PARCEL ID

24-0287000

ASK ABOUT THIS PROPERTY

Scott M. Schmitt, CCIMCBC ORION REAL ESTATE ADVISORS, INC.More Info
320-267-4576

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Scott M. Schmitt, CCIMCBC ORION REAL ESTATE ADVISORS, INC.More Info
320-267-4576

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.