Description of the business for sale
Hanover is booming with growth! The metro area is moving out to this, one time, small sleepy town. It has now become one of the largest growing areas in the twin cities. It is just going to get better and better for the real estate. This commercial property is set right in the heart of Hanover and right across the street from the Fire Department. There are not many commercial properties available in this area especially with this type of visibility and, they are becoming increasingly hard to find. This makes it a choice spot for you and your investment!
GROWTH: Building income average over next 3 years: Currently the building is operating at 33% leased capacity. Yearly rent is presently yielding $26,882.82. Full Leased Capacity: 7,180 sq ft (7,750 ft minus 570 ft common non-rented area) Based on $7.00 per sq ft and $7.00 CAM Full capacity of rental space, property would gross $100,520.00 per year.
COMPETITION: 200' of frontage on one of Wright Counties major highways (Hwy 19) Traffice ount: 12,000 cars per day.
ADDITIONAL FINANCIAL INFORMATION:
• Financing: Make offer.
• Real Estate: 104.66.
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Support / Training provided by seller
Building income average over next 3 years: Currently the building is operating at 33% leased capacity. Yearly rent is presently yielding $26,882.82. Full Leased Capacity: 7,180 sq ft (7,750 ft minus 570 ft common non-rented area) Based on $7.00 per sq ft
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Description of the facilities
Building is located in the west metro City of Hanover, MN. Property highlights include 200+ feet of frontage on one of Wright Counties major highways (Hwy 19), making it very desirable for any type of business. This building is priced for a quick sale. Traffic count: 12,000 cars per day. Property has been used by the owner for his electric company for over 10 years. Because of the need to expand his business, owner has moved his company to a larger facility.
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