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Sec Zachary Lane & Fountain...

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

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

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

$14

$14/SF

Building Size

150,000 SF

Asset Type

Industrial

Closing

Jul 25, 2023

AI

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

Cushman & Wakefield

Broker

$13.6M

vol

5 deals

Broker

Maple Grove Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1133071.43%

Cash-on-Cash

-323835.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93