1 Premier Dr - Manufacturing FOR SALE


$3,200,000 USD
651-492-2201
1 Premier Dr, Long Lake, MN for Sale
$3,200,000 USD
Manufacturing - FOR SALE
1/28
null | Request Cap Rate

NEW



HIGHLIGHTS

  • 23,968 SF available for owner-user
  • Existing office and parking lot rental income! ($51,451/yr.)
  • 4 drive-in doors and heavy power
  • Building is fully temperature controlled (A/C & Heat in manufacturing & warehouse areas)
  • New rubber membrane roof and 9 new Rooftop Units in 2019
  • Building is fully sprinkled!

OVERVIEW

• 26,820 sq. foot industrial building for sale in Long Lake, formerly occupied by a printing company. • The building has 3 office tenants in-place, and parking lot income. There is 23,968 SF available for an owner-user. • Drive-in loading with heavy power, making it attractive for a variety of industrial users. • Temperature Controlled Mnfg. & Warehouse • Large parking lot, and parking lot income from neighboring building owner • Located seconds from Hwy 12, and minutes to I-494 and I-394. 20 minutes from the heart of Minneapolis. Property Details: - Building Size: 8,738 SF Office; 14,083 SF Manufacturing/Tech; 3,999 SF Warehouse - Space Available: 5,886 SF Office; 14,083 SF Manufacturing/Tech; 3,999 SF Warehouse - Acres: 1.39 Acres - Percent Leased: 10.63% - Annual Gross Rental Income: $51,451.76 per year - Year Built: 1984 original building, 1996 Addition - Parking: 77 off-street parking stalls - Zoning: I-1 Industrial - Clear Height: 12 ft. in manufacturing/tech areas (ability to demo the dropped ceiling to get 20 ft. clear); 20 ft. in warehouse area - Loading: 4 drive-in doors - Power: Heavy 3-phase - Roof & HVAC: New rubber membrane roof in 2019; 9 new rooftop HVAC units in 2019; Warehouse is fully heated and air-conditioned - Fire Suppression: Wet, fully sprinkled

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.39

LAND SF

60,548

ZONING

I-1

APN/PARCEL ID

34-118-23-24-0067

ASK ABOUT THIS PROPERTY

Royce DurhmanKW CommercialMore Info
651-492-2201

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Royce DurhmanKW CommercialMore Info
651-492-2201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.