Davidsons Developments Corp. office bldg | 10 E Veterans Memorial Hwy
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Davidsons Developments Corp. office bldg 10 E Veterans Memorial Hwy
3,500 SF 100% Leased Light Industrial Building Kasson, MN 55944 £305,156 (£87/SF) 9.23% Net Initial Yield
Investment Highlights
- Very Good Visibility from new roundabout at MN Hwy 57 and Dodge Co. 34
- Traffic count about 12,000 to 14,000 cars per day. Confirmed on MNDOT traffic study web site.
- Adjacent to US Post office, across the street from Bremer bank to the west & 2 other banks within walking distance.
- Many other businesses within walking distance.
Executive Summary
1/3 of the building is recently renovated, the remaining 2/3 of the building is under renovation
Building size approximately 3,500 sq ft. steel insulated, about ¼ of building with long trench floor drains. that ¼ also has in-floor-heat tubes stubbed in but slab floor heating boiler has been removed.
Ceiling height 9 ft., insulated commercial overhead door.
Forced air heat & air conditioning, includes men's & women's handicapped accessible restrooms. Women's restrooms has shower.
Currently has 2 offices with windows, refinished walls & floors in those offices & a finished conference room/ office:
Office #1 ~ 12 x 10
Office #2 ~ 21 x 12
Conference room #1 ~ 16x 12
Showroom floor #1 ~ 20 x 16
Dry detail area #1 ~ 27 x 20
Wet detail area #1 ~ 42 x 20
Storage area #1 ~ 26 x 14
Storage/entry #1 ~ 19 x 13
Mens room ~ 15 x 7
Womens room ~ 10 x 7
Utility room ~ 15 x 6
Kitchenette area ~ 14 x 6
The large rooms are easily re-configurable as there are no load bearing walls inside the structure.
Current & Future plans: Continue renovation as tenants are added.
Open multiple businesses, lease office, retail, commercial, storage, or warehouse space.
Patch, refinish & paint walls.
Replace suspended & missing ceilings where necessary in the larger rooms.
Refinish existing divider doors between existing rooms.
Improvements being made to parking lot & interior floors. 1500 SF of refinished interior floors.
Installed carpet in the offices & conference room.
Continuous improvements & maintenance to facility.
High-efficiency furnace.
LED lighting.
Building is owner occupied & has 5 tenants leasing offices with staggered 1 year leases.
Investment opportunity with positive cash flow.
Great office spaces for auto dealership, auto repair, or general retail.
Building size approximately 3,500 sq ft. steel insulated, about ¼ of building with long trench floor drains. that ¼ also has in-floor-heat tubes stubbed in but slab floor heating boiler has been removed.
Ceiling height 9 ft., insulated commercial overhead door.
Forced air heat & air conditioning, includes men's & women's handicapped accessible restrooms. Women's restrooms has shower.
Currently has 2 offices with windows, refinished walls & floors in those offices & a finished conference room/ office:
Office #1 ~ 12 x 10
Office #2 ~ 21 x 12
Conference room #1 ~ 16x 12
Showroom floor #1 ~ 20 x 16
Dry detail area #1 ~ 27 x 20
Wet detail area #1 ~ 42 x 20
Storage area #1 ~ 26 x 14
Storage/entry #1 ~ 19 x 13
Mens room ~ 15 x 7
Womens room ~ 10 x 7
Utility room ~ 15 x 6
Kitchenette area ~ 14 x 6
The large rooms are easily re-configurable as there are no load bearing walls inside the structure.
Current & Future plans: Continue renovation as tenants are added.
Open multiple businesses, lease office, retail, commercial, storage, or warehouse space.
Patch, refinish & paint walls.
Replace suspended & missing ceilings where necessary in the larger rooms.
Refinish existing divider doors between existing rooms.
Improvements being made to parking lot & interior floors. 1500 SF of refinished interior floors.
Installed carpet in the offices & conference room.
Continuous improvements & maintenance to facility.
High-efficiency furnace.
LED lighting.
Building is owner occupied & has 5 tenants leasing offices with staggered 1 year leases.
Investment opportunity with positive cash flow.
Great office spaces for auto dealership, auto repair, or general retail.
Property Facts
| Price | £305,156 | Lot Size | 0.24 AC |
| Price Per SF | £87 | Rentable Building Area | 3,500 SF |
| Sale Type | Investment or Owner User | Number of Floors | 1 |
| Net Initial Yield | 9.23% | Year Built | 1988 |
| Sale Conditions | Development Sale | Parking Ratio | 8/1,000 SF |
| Property Type | Light Industrial | Clear Ceiling Height | 9 ft 3 in |
| Property Subtype | Showroom | Level Access Doors | 2 |
| Building Class | B |
| Price | £305,156 |
| Price Per SF | £87 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 9.23% |
| Sale Conditions | Development Sale |
| Property Type | Light Industrial |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 0.24 AC |
| Rentable Building Area | 3,500 SF |
| Number of Floors | 1 |
| Year Built | 1988 |
| Parking Ratio | 8/1,000 SF |
| Clear Ceiling Height | 9 ft 3 in |
| Level Access Doors | 2 |
Amenities
- 24 Hour Access
- Bio-Tech/ Lab Space
- Conferencing Facility
- Front Loading
- Property Manager on Site
- Security System
- Signage
- Wet Lab
- Wheelchair Accessible
- Reception
- Storage Space
- Car Charging Station
- Recessed Lighting
- Air Conditioning
- Smoke Detector
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Auto Store LLC
- -
- 1,750 SF
- -
- -
-
- -
- 250 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Auto Store LLC | - | 1,750 SF | - | - | ||
|
|
- | 250 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Finished space has a rental rate of $8-12.00/SF/Year, while unfinished space will have a rental rate of $8.00/SF/Year Individual offices that are 200 SF available for lease up the entire building depending on your needs. Will need longer lead times, build out expenses & multiple year lease for the larger spaces. Very flexible with space. Contact for showing & details.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - A and B | 2,500 SF | Light Industrial | Partial Build-Out | 30 Days |
1st Fl - A and B
| Size |
| 2,500 SF |
| Space Use |
| Light Industrial |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
1st Fl - A and B
| Size | 2,500 SF |
| Space Use | Light Industrial |
| Condition | Partial Build-Out |
| Available | 30 Days |
Finished space has a rental rate of $8-12.00/SF/Year, while unfinished space will have a rental rate of $8.00/SF/Year Individual offices that are 200 SF available for lease up the entire building depending on your needs. Will need longer lead times, build out expenses & multiple year lease for the larger spaces. Very flexible with space. Contact for showing & details.
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PROPERTY TAXES
| Parcel Number | 24.100.5540 | Improvements Assessment | £83,096 |
| Land Assessment | £21,204 | Total Assessment | £104,301 |
PROPERTY TAXES
Parcel Number
24.100.5540
Land Assessment
£21,204
Improvements Assessment
£83,096
Total Assessment
£104,301
zoning
| Zoning Code | Commercial (zoned commercial, currently used for multiple MN licensed auto dealerships, retail, & real estate office & storage space.) |
| Commercial (zoned commercial, currently used for multiple MN licensed auto dealerships, retail, & real estate office & storage space.) |
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Davidsons Developments Corp. office bldg | 10 E Veterans Memorial Hwy
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