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Property: Lund International Building, 911 Lund Blvd, Anoka, MN 55303
Buyer: HOM Furniture
Seller: Lund International Holdings, Inc.
Source: Broker, Seller
Sale Date: October, 2002
Sale Price: $6,800,000
Unit Price: $20.51 per square foot
Net Rentable Area: 331,510 square feet
Gross Building Area: 31,510 square feet
Zoning: M-1, Light Industrial
Utilities: All Available
Topography and Soil: Level, assumed stable
Visibility and Access: Good
Age: 1998
Land Size: 24.60 acres or 1,071,408 square feet
Remarks: Lund International, an automotive specialty company, relocated its warehousing operations to Georgia in 2001. Initially, Lund offered the subject property for sale at approximately $13 million. After two years on the market, the property was sold to HOM Furniture for warehousing purposes. The building includes an office area of 24,000 square feet, a research/development area of 17,000 square feet and a warehouse area of 299,728 square feet. Features of note are the 30 foot clear ceilings and 12 dock doors. Lund International will continue to lease a small portion of the office space after the sale.
