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%.