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10180 217th Street West

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

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:

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

CBRE

Broker

$18.5M

vol

3 deals

Broker

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