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

Description:

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

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