Back to Listings
Aberdeen, SD

1401 Brown County 19 North

Address:
1401 Brown County 19 N, Aberdeen, SD 57401
Property Type:
Single Tenant
Price:
$12,150,000
Cap Rate:
9.03% cap
NOI:
$1,097,250
Square Feet:
333,346 sqft
Lot Size:
54 acres
Price Per Square Foot:
$36.45
Year Built:
2007
Links
* By downloading the Marketing Package (Offering Memorandum) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

Investment Highlights

Investment Highlights

Investment Highlights

  • Molded Fiber Glass Companies/South Dakota (Tenant) has Been in Business Since 1948. This Facility Manufactures Wind Turbines for the Renewable Energy Sector
  • Absolute Net Lease Structure Guaranteed by Molded Fiber Glass Companies/South Dakota (Tenant) Allows for a Zero Management Intensive Cash Flow for Investors
  • The Greater Aberdeen Area Annually has Over 1200 Skilled Bachelor or Technical Degree Graduates
  • One of MFG’s Primary Customers has Existing Plan for Rail Loading Expansion on Site to Reduce Logistics Costs ($100 Per Mile Shipping) Along the Southeast Lot Line
  • The Facility is Priced Well Below Replacement Cost Offering a Lower Basis for Investors Compared to a New Build
  • The Centralized Location of Aberdeen Offers Ease of Access for Materials to be Shipped and Offers Access to One of the Largest Freight Railroad Networks (Bnsf)
  • Aberdeen, South Dakota Offers a Robust Labor Force of 21,000 People Allowing Molded Fiber Glass Companies/South Dakota (Tenant) to Employ Over 400 People at This Facility
  • South Dakota is a Pro-Business State and Aberdeen Works with Employers to Sustain Economic Growth in the Area
  • The Subject Property has Six (6) 15-Ton Overhead Cranes in Bay 1 and Four (4) 15-Ton Overhead Cranes in Bay 3; A Total of Ten (10) 15-Ton Cranes in the Facility
  • The Aberdeen Facility was Built-To-Suit in 2007 and was Expanded in 2010/2016. Heavy Investment and Commitment to Site by Molded Fiber Glass Companies/South Dakota (Tenant)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1401 Brown County 19 North in Aberdeen, South Dakota, leased to Molded Fiber Glass Companies/South Dakota. The subject property consists of approximately 333,346 square feet of space and is situated on 54 acres of land. The asset features 22,668 square feet of office space, 450 parking spaces, and 12 grade-level doors. Molded Fiber Glass Companies/South Dakota has been in business since 1948 with the subject facility employing over 400 people. Built-to-suit in 2007 and expanded in 2010/2016, the Aberdeen facility manufactures wind turbines for the renewable energy sector. The Greater Aberdeen area has over 1,200 skilled bachelor or technical degree graduates annually, offering a robust labor force of 21,000 people. South Dakota is a pro-business state and Aberdeen works with employers to sustain economic growth in the area. The centralized location of Aberdeen offers ease of access for materials to be shipped and offers access to one of the largest freight railroad networks (BNSF).

BROKER OF RECORD
JON RUZICKA
South Dakota Broker of Record
1350 Lagoon Avenue, Suite 840
Minneapolis, MN 55408
Tel: (952) 852-9767
John.Ruzicka@marcusmillichap.com
License: SD 17724
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2021 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0060921)