Investment Opportunity
Location: United States -> Minnesota -> Twin Cities
Industry: Real Estate > Other Real Estate
Businesses for sale Summary
This investment property for sale was built approximately 2 1/2 years ago which includes 4 units. The area that it is located in is newly developed and has several new businesses coming into close proximity of the building. One unit within the building, owned by the Seller since the time of development is available for sale. This suite was appraised as a shell only at $450K and the owner has spent approximately $160K for the build-out on the unit. There is 4,800 square feet which is the home to two different businesses. This includes office space as well as warehouse space and has 2 floors. Each business has a lease that goes through February of 2011 and also has 1-3 year options included with prevailing rates. The total lease payments paid to the owner are $5,000/month plus CAM.
This would bring an 8% return on investment to a new owner based on the asking price of $750K. Currently, the taxes are paid by the owner, which are approximately $12K/year. This business for sale is presented by Sunbelt Business Brokers – Midwest.
Financials
Asking Price Range: $500K – $1.0M
Gross Revenues: Seller Will Provide
Cash Flow: Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 2006
Number of Employees: 1 – 3
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Sale
