For Sale: Fridley MLS# 7021019
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Property Description
Cross-Dock Refrigerated Truck Terminal.
Complete Turnkey Offering
This offering represents the sale of the ENTIRE OPERATION as a unified transaction, including:
• The Real Estate (5.99 Acres | 32, 178 SF Fully Refrigerated Facility)
• The Operating Business- KLMB Transportation Inc.
• All Associated Equipment, Operational Assets & Contacts.
• Fleet Assets: 30 Trucks and 40 Trailers (Estimated Value: $3, 000, 000+)
The sellers are not offering individual components separately. The business, assets, and real estate
are being sold together as a complete turnkey package.
Strategically positioned in the heart of Fridley's industrial corridor, this state-of-the-art cross-dock refrigerated warehouse presents a rare opportunity to acquire a fully equipped truck terminal with exceptional infrastructure and access. Located approximately 30 minutes from Minneapolis-St. Paul International Airport and with immediate connectivity to Interstate 694, the property offers efficient regional and national distribution access. Originally constructed between 1991-1995, with a major remodel and high-bay addition completed in 1999, the facility has been continuously improved to support modern logistics and refrigerated operations. The building totals 32, 178 square feet, comprised of:
* 3, 870 SF of office space
* 14, 880 SF low-bay cooler area- Refrigerated
* 13428 SF high-bay warehouse space- Refrigerated
Situated on 5.99 acres (260, 924 SF) and zoned M-3 Heavy Industrial, the property provides excellent functionality for transportation, distribution, and cross-dock users.
Loading & Warehouse Features:
* 32 loading docks
* 1 drive-in door
* All docks equipped with bumpers, levelers, and seals
* Clear heights: 13'6" (low bay) and 24'6" (high bay)
* Trailer storage available on site
Recent Capital Improvements:
* Full remodel of first-floor office spaces, including updated kitchen and two bathrooms
* One additional restroom added on the first floor
* Added 10-12 semi-truck parking stalls
* Added 20 small vehicle parking spaces
* Constructed a full office and private restroom for tenants
* Exterior office building freshly painted
Positioned within a well-established industrial park and surrounded by hotels, restaurants, and retail amenities, this asset offers both operational efficiency and long-term investment stability.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$14,900,000
Property Type:
Commercial
City:
Fridley
Garage Spaces:
33
County:
Anoka
Year Built:
1991
State:
MN
Property Style:
2 Stories
Zip Code:
55432
Subdivision Name:
Mar-Len Add
Exterior
Stories:
Two
Garage Spaces:
33
Garage Size:
28,308 ft2
Garage Door Height:
24
Garage Door Width:
9
Air Conditioning:
Central Air
Foundation Size:
30,000 ft2
Handicap Accessible:
Doors 36"+
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Carport
- Multiple Garages
- Parking Lot
- Paved Lot
Road Frontage:
City Street
Exterior Material:
- Block
- Concrete
- Frame
- Steel Siding
- Stone
Roof Details:
- Age Over 8 Years
- Flat
- Metal
Lot & Land
Acres:
5.99
Geolocation:
45.117507, -93.272595
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Land, Leases, Rental License
Lot Dimensions:
597 x 437 x 595 x 437
Zoning:
- Business/Commercial
- Industrial
Schools
School District:
663
District Phone:
7635061000
Expenses
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$88,912
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$88,912
Income
Annual Gross Income:
$11,042,292
Rent
Annual Net Income:
$975,000
Units
Total Units:
1
Miscellaneous
Current Use:
- Industrial
- Office
- Warehouse
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Counselor Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.