An affiliate of Phoenix Investors acquired a 922,444-square-foot industrial building at 701 33rd Ave. N in St. Cloud, Minnesota.
Featuring both office and warehouse space, the facility includes 31 dock doors, nine drive-ins and clear heights up to 28 feet. Situated on 50.55 acres and boasting 980 parking stalls, the property is primed for meaningful industrial engagement. The complex is already configured to support multi-tenant occupancy, includes heavy electric and related infrastructure, and is served by rail.
Constructed in 1950, the facility was formerly home to Electrolux Group and the company’s upright freezer manufacturing and production until it closed its doors in late 2019. The facility was one of Electrolux Group’s primary freezer manufacturing sites.
This acquisition highlights Phoenix’s commitment to investing in the St. Cloud community and providing superior commercial real estate options to local businesses, as well as avenues for development and growth within the local workforce and economy.
