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Single-Tenant Industrial

14105 Commerce Dr

14105 Commerce Dr, Becker, MN 55308

Listing Price: $1,130,000

Cap Rate
8.27%
Gross SF
14,380
Price/Gross SF
$78.58
Lot Size
1.70 acres
Year Built
1995
Rentable SF
14,380

Investment Overview

Marcus & Millichap is pleased to present for sale the fee-simple interest offering of 14105 Commerce Dr, Becker, MN. The subject property is a 14,380 square-foot industrial building that will be offered to be purchased as a sale-leaseback, which will be executed at close of escrow. The building is currently occupied by Miller Machine Company that was first founded in 1944.

Current ownership will be offering to sign a 5-year lease with multiple 5-year options to renew at close of escrow. The offering will operate on an absolute net lease structure, containing zero landlord responsibilities. The property is located in the Becker Industrial Park off Interstate 94.

The purchase of this offering presents an investor with the opportunity to acquire a completely passive industrial investment. At the current list price of $1,130,000 the offering will generate an NOI of $93,470 which equates to a capitalization rate of 8.27%.

Investment Highlights

  • Single-tenant industrial investment offering
  • Passive investment "bond" like structure | Absolute net lease
  • Sustainable company | Founded in 1944
  • 3% annual rental escalations
  • Access to Interstate 94 and U.S. Route 10

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Single-Tenant Industrial

14105 Commerce Dr

Listing Price: $1,130,000

Cap Rate
8.27%
Gross SF
14,380
Price/Gross SF
$78.58
Lot Size
1.70 acres
Year Built
1995
Rentable SF
14,380

Investment Highlights

  • Single-tenant industrial investment offering
  • Passive investment "bond" like structure | Absolute net lease
  • Sustainable company | Founded in 1944
  • 3% annual rental escalations
  • Access to Interstate 94 and U.S. Route 10

Investment Overview

Marcus & Millichap is pleased to present for sale the fee-simple interest offering of 14105 Commerce Dr, Becker, MN. The subject property is a 14,380 square-foot industrial building that will be offered to be purchased as a sale-leaseback, which will be executed at close of escrow. The building is currently occupied by Miller Machine Company that was first founded in 1944. Current ownership will be offering to sign a 5-year lease with multiple 5-year options to renew at close of escrow. The offering will operate on an absolute net lease structure, containing zero landlord responsibilities. The property is located in the Becker Industrial Park off Interstate 94. The purchase of this offering presents an investor with the opportunity to acquire a completely passive industrial investment. At the current list price of $1,130,000 the offering will generate an NOI of $93,470 which equates to a capitalization rate of 8.27%.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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