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.
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