Commercial Building in Hanover
Report Date: 12/6/2007 BizBuySell Add #: 349823
Location: Hanover, MN
Primary Category: Commercial - Retail - Warehouse Building
 
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Financial Information
Asking: $ 650,000 Sq ft:  7,180 + 570 CAM Cash Flow: $
Price per sq ft : $ $ 104.66
Inventory: $
Real Estate: 785,000
Financing: make offer
 
Summary Description:

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 (13,000 sq ft) facility. 

 
General Information:
Facilities:

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: 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 (13,000 sq ft) facility
Growth & Expansion: 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!
Support / Training:  
Reason Selling: Owner has moved his company to a larger facility
Year Established: 1978
Employees: N/A
 
Contact information:
Contact: Steve Swenson Phone: 763.972.9077
Email: hospitalityserv@frontiernet.net  
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