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Advanced Exhaust Solutions Acquires Jacquard Distribution Center In Lakeville For $2.2M

Property Image
SOLD
$2,200,000
Jeff Przytarski
Sam Manke
+ 2

Minnesota

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Industrial168,000 SF
Sold 03/27/2025
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Property Image
SOLD

Advanced Exhaust Solutions Acquires Jacquard Distribution Center In Lakeville For $2.2M

10180 217th Street West

See Similar Deals
Industrial168,000 SF
Sold 03/27/2025
Jeff Przytarski
Sam Manke
+ 2
Contact now

Summary

MINNESOTA
Asset Type:Industrial
Price Per Square Foot:$13
Total Square Footage:168,000 SF
Transaction Type:Sale

The industrial property located at 10180 217th Street West in Lakeville, MN, encompasses 14.3 acres and features a newly constructed distribution center built in 2023. The facility spans 168,000 square feet and is equipped with 36-foot clear heights, 32 dock doors, and 48 trailer stalls. Advanced Exhaust Solutions acquired this asset for $2,200,000 from Lakeville Jacquard 32 LLC.

Summary of transaction details:

CBRE facilitated the transaction, representing the buyer and seller in the deal. The representation involved significant individuals in commercial real estate, instrumental in finalizing the agreement for the sale of the Jacquard Distribution Center.

Players

Bryan Van Hoof
2 deals$9.6M volume(952) 924-4624
BROKER

Jeff Przytarski
CBRE
1 deal$2.2M volume(952) 924-4895
BROKER

Sam Manke
CBRE
2 deals$9.6M volume(763) 398-9047
BROKER

Kyle Ferderer
CBRE
1 deal$2.2M volume(701) 660-3500
BROKER

Chance Lindsey
CBRE
1 deal$2.2M volume(701) 660-3500
BROKER

Details

SOLD
IMAGE: 03/27/2025 ADDRESS: 10180 217th Street West MARKET: Lakeville, MN ASSET TYPE: Industrial ~ ACRES: 14.3 BUYER: Advanced Exhaust Solutions SELLER: Lakeville Jacquard 32 LLC BROKERS: Bryan Van Hoof, Jeff Przytarski, Kyle Ferderer, Sam Manke - CBRE & Chance Lindsey SALE PRICE: $2,200,000 SF: 168,000 ~ PPSF: $13 NOTE: Advanced Exhaust Solutions bought the 168,000-square-foot Jacquard Distribution Center in Lakeville for $22 million from Lakeville Jacquard 32 LLC, with CBRE brokering the deal. The 2023-built facility features 36-foot clear heights, 32 dock doors, and 48 trailer stalls on a 14.3-acre site near I-35 and Airlake Airport.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$117,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47