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E X C L U S I V E i n d u s t r i a l O F F E R I N G

8711 Bass Lake Road

8701-8773 Bass Lake Road

New Hope, MN 55428

OFFERING SUMMARY

|Price |$2,225,000 |

|Down Payment |(25%) $556,250 |

|Loan Amount |$1,668,750 |

| Loan Type |All Cash |

| Interest Rate/Amortization |4.850% / 25 Years |

|Gross SF |27,273 |

|Price Per Gross SF |$81.58 |

|Rentable SF |27,273 |

|Price Per Rentable SF |$81.58 |

|Year Built |1980 |

|Parcel Size |1.62 |

INVESTMENT HIGHLIGHTS

◊ Ideal for owner/user or opportunistic investor

◊ Well maintained light industrial flex building with ample parking

◊ 21,600 square feet of warehouse / distribution space - 22' Ceiling Height

◊ 5,673 square feet of demisable office space

◊ Conveniently located east of Hwy 169 and adjacent to thriving business districts

◊ Excellent visibility along major thoroughfare with high traffic counts

•

|Listed by: |

| |

|Claire J. Roberts, SIOR |

|National Office and Industrial Properties Group |

|Tel: (952) 852-9738 |

|Fax: (952) 852-9710 |

|License: MN 40030563 |

|Claire.RobertsSIOR@ |

|ClaireRoberts |

| |

|Marc C. Paylor |

|National Office and Industrial Properties Group |

|Tel: (952) 852-9741 |

|Fax: (952) 852-9710 |

|License: MN 40447212 |

|Marc.Paylor@ |

|MarcCPaylor |

Offices Nationwide

1350 Lagoon Avenue, Suite 840

Minneapolis, MN 55408 • Tel: (952) 852-9700 Fax: (952) 852-9710

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate.  Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc. © 2017 Marcus & Millichap. All rights reserved.

(Activity ID: Y0510187 Property ID: 2122936)

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8701-8773 Bass Lake Road • New Hope, MN 55428

INVESTMENT OVERVIEW

Marcus & Millichap is pleased to present for sale a 27,273 square foot industrial flex building located at 8711 Bass Lake Road in New Hope, MN. The single story, free standing building sits on a 1.62 acre lot on the signalized corner of Bass Lake Road and Boone Ave N.

Ideal for an owner/user or opportunistic investor, the property has 5,673 square feet of demisable office space with 21,600 square feet of warehouse/distribution space.

The property has the versatility to accommodate several functions for multi-tenants or a single user with warehouse / light industrial needs. Both roof and parking lot are in good condition with over $50K invested in new rooftop HVAC units. The building is also equipped with rooftop solar panels which provides energy efficiency.

|EXPENSES | | | |

|Real Estate Taxes | |$47,541 | |

|Utilities | |5,978 | |

|Insurance | |5,940 | |

|Xcel Energy | |3,727 | |

|City of New Hope | |2,221 | |

|Reserves | |5,400 | |

|Garbage | |1,490 | |

|Repairs/Contract Maintenance | |6,200 | |

|Total Expenses | |$78,497 | |

|Expenses per SF | |$2.88 | |

1350 Lagoon Avenue

Suite 840

Minneapolis, MN 55408

Tel: (952) 852-9700

Fax: (952) 852-9710



This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate.  Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc. © 2017 Marcus & Millichap. All rights reserved.

(Activity ID: Y0510187 Property ID: 2122936)

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