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1811 NW Old Highway 8

30,000 SF Light Industrial Building New Brighton, MN 55112 £3,334,379 (£111/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 £3,334,379 Lot Size 2.08 AC
Price Per SF £111 Rentable Building Area 30,000 SF
Sale Type Investment NNN Number of Floors 1
Net Initial Yield 10.25% Year Built 1994
Property Type Light Industrial Tenancy Single
Property Subtype
Light Manufacturing
  • Light Industrial Showroom
  • Showroom
  • Office Medical
 Parking Ratio 3.33/1,000 SF
Building Class B No. Dock-High Doors/Loading 1
Price £3,334,379
Price Per SF £111
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
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PROPERTY TAXES

Parcel Number 21-30-23-22-0016 Improvements Assessment £2,343,559
Land Assessment £425,859 Total Assessment £2,769,418

PROPERTY TAXES

Parcel Number
21-30-23-22-0016
Land Assessment
£425,859
Improvements Assessment
£2,343,559
Total Assessment
£2,769,418

zoning

Zoning Code Mixed Use (Mixed Use Regional)
Mixed Use (Mixed Use Regional)
  • Leane Slominski
    Leane Slominski
  • 3B Group, Inc.
(612) 426-3454

  • Listing ID: 32125260

  • Date on Market: 13/06/2024

  • Last Updated:

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

The Light Industrial Property at 1811 NW Old Highway 8, New Brighton, MN 55112 is currently available For Sale. Contact 3B Group, Inc. for more information.

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1811 NW Old Highway 8, New Brighton, MN for sale Building Photo- Image 1 of 8
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1811 NW Old Highway 8, New Brighton, MN for sale Floor Plan- Image 3 of 8
2015 LTC 2 - 1811 Floorplan
1811 NW Old Highway 8, New Brighton, MN for sale Lobby- Image 4 of 8
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1811 NW Old Highway 8, New Brighton, MN for sale Interior Photo- Image 5 of 8
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© 2024 CoStar Group

1811 NW Old Highway 8
(612) 426-3454 x

1811 NW Old Highway 8

Leane Slominski

(612) 426-3454

(612) 426-3454

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