Advanced Exhaust Solutions Acquires Jacquard Distribution Center In Lakeville For $2.2M
10180 217th Street West
$2,200,000
$13/SF
Building Size
168,000 SF
Asset Type
Industrial
Closing
Mar 27, 2025
AI
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:
- Property Type: Industrial
- Transaction Amount: $2,200,000
- Sale Date: 03/27/2025
- Address: 10180 217th Street West
- Market: Lakeville, MN
- Acres: 14.3
- Square Footage: 168,000
- Price Per Square Foot: $13
- Buyer: Advanced Exhaust Solutions
- Seller: Lakeville Jacquard 32 LLC
- Brokers: Bryan Van Hoof, Jeff Przytarski, Kyle Ferderer, Sam Manke - CBRE & Chance Lindsey
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
Lakeville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93