Mauser Packaging - Cannon Falls, MN

Asset Type

Industrial & Logistics

Address
100 Holiday Avenue Cannon Falls, MN United States 55009
Asking Price

S$10,610,000

Sq Footage

200,000

Year Built

1987

Cap Rate

6.85%

Additional Attributes
Current / Passing Rent S$726,800
Escalations 3.0% Bi-Annually
Lease Expiration 2030-12-31
Lease Type NNN
Options 4 x 5 Years
Tenant Mauser Packaging Solutions

Property Description

JLL is pleased to offer for sale the fee-simple interest in a mission critical industrial distribution facility (the “Property” or “Asset”) leased on a triple net basis to industry leading packaging conglomerate, Mauser Packaging Solutions (the “Company” or “Tenant”). The Minneapolis-based location totals 200,000 square feet and operates under the Company’s vital “Reconditioning Services” business unit.


Investors have the opportunity to purchase a very well maintained industrial facility with over 11 years of remaining lease term, inclusive of 3.0% bi-annual escalations. The in-place NNN leases ensure minimal landlord responsibilities and a hands-off, passive investment. The Offering represents a unique opportunity to purchase an appreciating cash flow tenanted by a private equity-backed industry leader, poised to capitalize on the inherent need to provide industrial packaging for the ±$36 trillion of manufactured goods produced worldwide.


Investment Highlights

  • Mission-critical facility and strategically located given tenant's significant Midwest focus
  • Industrial packaging conglomerate with revenues of $4 billion
  • Strong infrastructural connectivity with below-market rents creating attractive upside potential
  • Industrial packaging industry is forecasted to grow by a 5.4% CAGR over the next six years
  • Annual net absorption in the Minneapolis industrial market has averaged 3.64 million square feet from 2012 to 2018


Listing Contacts
Peter Bauman
Peter Bauman
SVP, Capital Markets
+65 3159 4021
AZ - SA647389000 NV-186153
Tivon Moffitt
Tivon Moffitt
SVP, Capital Markets
+65 3159 4021
AZ - BR639369000 NE - 20170674 NC - LC673 UT - 11178542-AB00 NV - 186027
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