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For Sale

Med-City Industrial Invesment Opportunity

835 38th Street Northwest,
Rochester, MN 55901

Asset Snapshot

1994
Year Built
100%
Occupancy

Offering Summary

Investment Overview

This offering presents a rare opportunity to acquire a stabilized industrial asset in Rochester—one of the Midwest’s fastest-growing markets, driven by continued expansion from Mayo Clinic and sustained population and employment growth. Industrial supply in Rochester remains tight, with limited available inventory and a highly constrained development pipeline due to land, zoning, and infrastructure challenges, creating strong long-term fundamentals. The property is occupied by Kleen-Tech Services, the original developer and long-term user of the building, demonstrating a deep operational commitment to the location. The tenant recently executed a lease extension providing approximately five years of remaining term, offering investors durable cash flow backed by an established occupant in a supply-constrained market.


Investment Highlights

  • 100% Leased to Kleen-Tech Services LLC, National Janitorial Service Provider
  • 8,630 Square feet office/showroom and 10,577 square feet warehouse (14' clear)
  • Limited Industrial Supply plus Constrained pipeline supports fundamentals
  • Opportunity to acquire at pricing below the cost to develop comparable product today
  • Functional design accommodates a wide range of industrial and service users
  • In-place rents and pricing provide a compelling basis relative to market comparables
  • Wood-frame construction with insulated metal panel exterior, concrete block foundation, and metal roof system
  • New Parking Lot (2021), New Overhead door (2024), New Furnace (2022), New Loading Dock (2021)

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Listing Syndicated From

Buildout
For Sale
$2,650,000
Asking Price