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West Baxter Business Park - Industrial Building

Listed by Rod Osterloh

FOR SALE: INDUSTRIAL BLDG: INDEPENDENCE RD, BAXTER

Property Description: Invest & grow your business in the newly developing West Baxter Business Park. Easy access to Hwy 210, access to a rail spur, and flexible site sizes make this your best investment choice. The Brainerd Lakes Area is one of the fastest growing regions of Minnesota. This industrial building has Brock White and Simonson Lumber as tenants on a long-term lease. Excellent lease terms make this a superior investment.

Listing Details

mls: 4606212
CC File #: 852
Address: 3855 Independence Road
City: Baxter
State: MN
Zip: 56425
Zoning: General Industrial & Business Gateway
PID#: 034200010010009
Legal Description: Lot 1 Block 1, Potlatch Addition to Baxter
Lot Size : Acres: 5.14
Lot Size : Sq.Ft.: 223898.4
Building Size : Total Sq. Ft.: 34,800
Building Size : Main Level Sq. Ft.: 34,800
Sale Price: $2,295,000.00
Price Note: Subject to Lease - Currently Leased by Brock White

Directions: From the Baxter Hwy 210/371 intersection - West on Hwy 210 approx. 4 miles - Left (south) on Timberwood Drive - Left (east) on Independence Road to the building on the right (south)
Property Features & Assets: Building is 34,800 SF Total (18,000 SF Office/Showroom & 16,800 SF Warehouse). Lease Terms: 1) First Extension Term Exercised Effective 4-1-17 for 7 Years; 2) Option to Extend - 5 Years; 3) Rent for Option Period to be negotiated to Fair Market Rent; 4) Taxes - Tenant Reimburses; 5) Insurance (Property & General) - Tenant Reimburses; 6) Maintenance - Tenant Pays; See Lease Extension for Details.
Growth & Expansion Pros & Cons: Numerous Shovel-Ready Sites are available starting at $1.25/SF (Assessments Paid) - See Brochure for Lot Layout and Phases.

Property Features

Water: City (12" Water Main)
Sewer: City (8" Sewer)
Heating: Office/Showroom: Natural Gas Forced Air; Warehouse: Radiant In-Floor Heat & Natural Gas Radiant above doors
Cooling: Office/Showroom: Central Air; Warehouse: None
Electric : Amps: Office/Showroom: 120; Warehouse: 400
Lighting: Fluorescent
Year Built: 2006
Construction: Steel Frame
Foundation: Concrete Block
Roof: Metal
Exterior: Log Panel & Metal Panel
Traffic Counts: 8,700 on Hwy 210
Other: Numerous lots are available for purchase in the West Baxter Business Park, starting at $1.25/SF (Assessments Paid). See Brochure for concept lot locations & sizes.
Property Tax Year: 2017
Annual Property Tax: $43,694.00
Ceiling Height : Office: 8'-6"
Ceiling Height : Warehouse: 29'
Overhead Door Size: 2 (20' W x 14' H) in the Warehouse & 2 (8' W x 10" H) at the Loading Dock
Floor Thickness: 8" 3500 PSI Concrete
Floor Drains: Yes
Bathrooms: 4
Indoor Sprinkling: Yes
Security: Yes
High-Speed Internet: Yes
Parking Spaces: 37 Asphalt Parking Spaces - Able to provide up to 112 spaces
Road Frontage: Along Independence Road and Timberwood Drive
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Information provided by members of Greater Lakes Association of Realtors. Copyright 2009 Greater Lakes Multiple Listings Service. All rights reserved. Information is deemed reliable but not guaranteed.