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MAS HVAC Signs 150,000 Sq Ft Industrial Lease In Maple Grove, Minneapolis

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LEASED
$14

Minneapolis

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Industrial150,000 SF
Leased 07/25/2023
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LEASED

MAS HVAC Signs 150,000 Sq Ft Industrial Lease In Maple Grove, Minneapolis

Sec Zachary Lane & Fountain Drive, Maple Grove, Mn 55369

See Similar Deals
Industrial150,000 SF
Leased 07/25/2023
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Summary

Asset Type:Industrial
Price Per Square Foot:$14
Total Square Footage:150,000 SF
Transaction Type:Lease

MAS HVAC, a leading industrial company, has signed a 150,000 sq ft lease at Arbor Lakes Business Park in Maple Grove, Minneapolis. The lease, which includes 15,000 sq ft of office space, will serve as MAS HVAC's new headquarters, manufacturing center, and logistics operations. The property is located at the intersection of Zachary Lane and Fountain Drive, in a prime industrial area of Maple Grove. The market value of the property is undisclosed.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Square Footage: 150,000 sq ft
  • Address: SEC Zachary Lane & Fountain Drive
  • Market: Maple Grove, Minneapolis

The lease transaction was facilitated by Brent Masica of Cushman & Wakefield, who represented the tenant, MAS HVAC. Brent Masica played a crucial role in negotiating the terms of the lease, ensuring that MAS HVAC secured the ideal space for their operations. MAS HVAC, a company that specializes in HVAC systems, has been active in the Minneapolis market for the past four years. This lease marks a significant milestone for MAS HVAC's expansion in the region.

Players

Brent Masica
5 deals$13.6M volume(952) 893-8231
BROKER

Details

LEASED
IMAGE: Brent Masica DATE: 07/25/2023 ADDRESS: SEC Zachary Lane & Fountain Drive MARKET: Maple Grove, Minneapolis ASSET TYPE: Industrial TENANT: MAS HVAC BROKER: Brent Masica - Cushman & Wakefield (@CushWake) ASKING RENT: $14/ft. ~ SF: 150,000 NOTE: MAS HVAC signed a 150,000 sq ft industrial lease at Arbor Lakes Business Park in Maple Grove, Minneapolis, for its new headquarters, manufacturing, and logistics operations, starting in January. The lease includes 15,000 sq ft of office space and was represented by Brent Masica of Cushman & Wakefield, with MAS HVAC having moved to the Minneapolis market four years ago.

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Deal Type
Effective Rent (Annual)

$2,407,414.66

Total Lease Value

$24,074,146.55

Net Landlord Cash Flow$2,407,414.66