19,478 Office/Warehouse Building | Owner/User/Investment Opportunity

19,478 Office/Warehouse Building | Owner/User/Investment Opportunity 925 Boone Avenue North presents a compelling opportunity for both owner-users and investors seeking well-located industrial real estate in a tight market. The property is currently 49% occupied, creating immediate upside for an owner-user looking to occupy a significant portion of the building while benefiting from in-place income. For investors, the asset offers strong fundamentals. Low industrial vacancy rates in the market support leasing demand, rental rate growth, and long-term stability. The existing tenancy provides a baseline income stream, while the available space allows for lease-up at market rates or strategic repositioning. Whether the objective is to secure space for an operating business or to acquire an industrial asset with built-in flexibility and upside, 925 Boone Avenue North stands out as a rare opportunity in a supply-constrained industrial environment. • Address: 925 Boone Avenue North | Golden Valley, MN 55427 • Building SF: 19,478 • Vacant SF: 9,917 • Land Area: 1.36 Acres (59,259 sf) • PID Number: 31-118-21-24-0001 • Year Built: 1996 • Occupancy Type: Multi-tenant • Occupancy: 49% • County: Hennepin • Zoning: Industrial • Dock Doors: 2 dock doors (1 ramped) and 1 drive-in door • Cross Streets: 10th Avenue North & Boone Avenue North • 2025 Tax: $81,858.18 • 2026 Proposed Tax: $84,526.65 • Sale Price: $3,500,000.00

Additional URLs

• https://www.colliers.com/p-usa1160422