Development
Sauk Rapids, MN
122,880 SF
2018 - 2019
About this property
The Pinnacle Climate Solutions facility at 1660 13th Avenue NE in Sauk Rapids is a 122,880 square foot industrial building owned by Inventure Properties. Inventure acquired the asset in 2018 and completed an $831,143 renovation in 2019 built to the specifications of a single long term tenant, with BCI Construction serving as construction manager at risk and Ambient Creations as architect. The building sits on a precast superstructure with a metal bar joist roof system, carries a hi-bay warehouse configuration that supports racking most competing buildings in the market cannot, and holds a large rooftop solar array. Project valuation came in at $6.76 per square foot. Its position near County Road 1 gives the tenant direct access to trucking routes running nationally.
How Inventure Underwrites Industrial Acquisitions
Industrial buildings trade on things that do not show up in a listing photo. Clear height determines whether a tenant can rack vertically or has to lease twice the footprint. Structure determines what can be hung, loaded, and expanded. Road access determines whether a distribution operation works or bleeds cost on every outbound truck. Inventure acquired this asset in 2018 because it cleared all three: a hi-bay configuration with racking capability that competing Central Minnesota buildings could not match, a precast and bar joist structure built to carry real load, and proximity to County Road 1 for trucking routes across the country. The site also held multiple on site expansion opportunities, which is what converts a good lease into a long tenancy.
How the Facility Was Renovated to Tenant Specification
Inventure worked directly alongside the tenant through the renovation rather than delivering a generic industrial shell and asking them to adapt. The scope was built to Pinnacle’s operating requirements, and the work was structured under construction manager at risk delivery so cost exposure stayed controlled on an owner held asset. A large rooftop solar system was developed as part of the project, giving the tenant the operating cost benefit and green energy position that increasingly factors into industrial site selection. The result was a single tenant long term lease on a building configured specifically for the operation inside it.
- Owned Asset - Inventure Properties acquired the facility in 2018 and holds it long term.
- 122,880 Square Feet - Hi-bay warehouse with racking capability, precast superstructure, and metal bar joist roof system.
- $831,143 Renovation - Completed in 2019 at a project valuation of $6.76 per square foot.
- Rooftop Solar Development - Large solar system installed to deliver green energy benefit to the tenant.
- Single Tenant Long Term Lease - Renovated to tenant specification with multiple on site expansion opportunities remaining.
- Trucking Access - Located near County Road 1 in Sauk Rapids for routing across the US.
Why Owners and Partners Work With Inventure on Industrial Property
Pinnacle Climate Solutions is one of many examples of Inventure Real Estate acquiring industrial assets on fundamentals other buyers overlook: structure, clear height, expansion capacity, and freight access, then investing to configure the building around the tenant actually operating in it. For corporations, healthcare systems, universities, and municipalities looking for a partner who takes ownership risk alongside them, Inventure brings the platform, the relationships, and the decisiveness that turn complicated projects into completed ones.
Key Property Features
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