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1811 NW Old Highway 8

30,000 SF Light Industrial Building New Brighton, MN 55112 £3,353,250 (£112/SF) 10.25% Net Initial Yield

Investment Highlights

  • Medical Office Tech
  • Convenient Location and Easy Access

Executive Summary

Location is FOR LEASE (negotiable) or FOR SALE - Current Tenant has vacated the premises.
Office Location in New Brighton, MN; situated between Minneapolis and St. Paul.
Excellent opportunity for Medical Technology, In-House Device Manufacturing, BioTech, etc.
Property is located direclty off I-35W at Highway 96 and Old Hwy. 8 NW., New Brighton, MN.
Built in 1994, the 30,000 SF Building has a great interior with office space, production, and a small warehouse area.
Office: 16,500 SF Production: 12,250 SF Warehouse: 1,250 SF
Current tenant will occupy space until March 31, 2025
Excellent opportunity for Owner/User, Start Up, MedTech, BioTech, Office/Medical use

Property Facts

Price £3,353,250
Price Per SF £112
Sale Type Investment NNN
Net Initial Yield 10.25%
Property Type Light Industrial
Property Subtype
Light Manufacturing
  • Light Industrial Showroom
  • Showroom
  • Office Medical
Building Class B
Lot Size 2.08 AC
Rentable Building Area 30,000 SF
Number of Floors 1
Year Built 1994
Tenancy Single
Parking Ratio 3.33/1,000 SF
No. Dock-High Doors/Loading 1

Amenities

  • Bio-Tech/ Lab Space
  • Signage
  • Wheelchair Accessible
  • Reception
  • Air Conditioning
  • Fiber Optic Internet

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-30-23-22-0016
Land Assessment
£428,269
Improvements Assessment
£2,356,822
Total Assessment
£2,785,091

zoning

Zoning Code Mixed Use (Mixed Use Regional)
Mixed Use (Mixed Use Regional)
  • Listing ID: 32125260

  • Date on Market: 13/06/2024

  • Last Updated:

  • Address: 1811 NW Old Highway 8, New Brighton, MN 55112

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