ABC Supply Co. Inc And UPAC2 Sign Leases Totaling 116,042 Square Feet In Rogers MN
22000 Industrial Boulevard
Building Size
182,221 SF
Asset Type
Industrial
Closing
Dec 6, 2024
AI
The asset involved in this transaction is an industrial property located at 22000 Industrial Boulevard, Rogers, MN, totaling 182,221 square feet. It is part of the I-94 Distribution Center, with a combined lease of warehouse and outdoor space by two tenants, ABC Supply Co. Inc and UPAC2, who occupy a total of 116,042 square feet of warehouse space and 66,179 square feet of outdoor space.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 22000 Industrial Boulevard
- Market: Rogers, MN
- Landlord: Dalfen Industrial
- Tenants: ABC Supply Co. Inc & UPAC2
- Landlord's Representative: Alex Baron & Nate Erickson - Transwestern
- Tenant's Representatives: Joe Owens - Colliers; Austin Lovin - CBRE
Nate Erickson and Alex Baron represented the landlord, Dalfen Industrial, in this lease transaction, while Joe Owens represented ABC Supply Co. Inc, and Austin Lovin represented UPAC2. This collaboration ensured successful occupancy of the 297,756-square-foot property at the I-94 Distribution Center by the two tenants.
Players
Rogers 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93