Real Estate: $750,000 (Included in Asking Price)

This investment property was built approximately 2 ½ years ago which includes 4 units. The area that it is located in is newly developed and has several new businesses coming into close proximity of the building.
One unit within the building, owned by the Seller since the time of development is available for sale. This suite was appraised as a shell only at $450K and the owner has spent approximately $160K for the build-out on the unit.
There is 4800 square feet which is the home to two different businesses. This includes office space as well as warehouse space and has 2 floors. Each business has a lease that goes through February of 2011 and also has 1-3 year options included with prevailing rates. The total lease payments paid to the owner are $5000/month plus CAM.
This would bring an 8% return on investment to a new owner based on the asking price of $750K.
Currently, the taxes are paid by the owner, which are approx $12K/year.
This business for sale is presented by Sunbelt Business Brokers - Midwest. Offices in Minnesota, Wisconsin and Illinois. We help people buy and sell businesses! View 100's of businesses for sale @ http://www.sunbeltmidwest.com

Year Established: 2006