Sales Details:

• Offering Price: $1,450,000 ($62.91 PSF)
• Est. RE Taxes and CAM: $42,770/$1.86 PSF RE Tax/$30,887/$1.34 PSF CAM.
• Building Size/Age/Lot: 23,050 SF/Built 1987/2.09 acres
• PID: 251920010
• Zoning: IOP-Industrial Office Park District

Features/Financial Information:

• Building available FOR SALE to investor or future owner occupant.
• Currently configured as a two (2) tenant building as follows:
  • Tenant A: 10,779 SF total, 3,710 SF office/7,069 SF  warehouse/production/manufacturing.
  • Tenant B: 11,473 SF total, 1,283 SF office/10,190 SF warehouse/production/manufacturing.
  • 798 SF vacancy currently non-recoverable through 12/31/28.

• Approximately $115,860 in place net operating income (NOI).*
• Tenant A’s lease runs through 12/31/28, Tenant B’s lease through 1/31/26 with two (2) one (1) year options to renew. Option 1 through 1/31/27 (expires 10/31/25), Option 2 through 1/31/28.
• Great identity building with headquarters feel with (5) restrooms, (2) break rooms, conference room, privates, open areas, ribbon glass façade reception area, abundant parking, and 100% A/C (except in the shared loading area).
• Heavy power (approximately 800-1,000 amps) with great distribution, air lines, water, and more.
• 14’ clear ht., (1) 10’ x 10’ Drive In door, (2) 8’ x 10’ truck high dock doors, (1) 8’ x 8’ truck high dock door.
• (7) roof top HVAC units dated to 2003 (1), 2011 (2), 2014 (2), 2017 (1), (1) unreadable.
• Current base rents are under market, providing for future growth in NOI.
• Buyer will need to consider a new roof, tuckpointing/blockwork and exterior paint to increase value.
• Convenient to downtown Chanhassen with many area amenities.
• Located (6) miles from I-494 via Highway 5, (8) miles via Highway 212 (2) miles away).
• Direct access to City of Chanhassen trail system.
• * Less approximately $2,546 in unrecoverable RE Tax and CAM for 798 SF vacancy through 12/31/28.
• **All information in this brochure is deemed reliable, but not guaranteed.