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PRICE REDUCED! West Baxter Business Park – Industrial Building
3855 Independence Road, Baxter, MN 56425
For Sale $1,975,000.00
Detailed Brochure

PRICE REDUCED TO $1,975,000 FROM $2,295,000! The long-term lease on this property yields an 8.4% cap rate. Brock White construction materials supplier, is the tenant. Excellent lease terms make this a superior investment. Additional land is available. The Brainerd Lakes Area is one of the fastest growing regions of Minnesota.

  • Purchase Price: $1,975,000.00
  • 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)
  • Building Size Total (Sq. Ft): 34,800
  • Building Size Main (Sq. Ft): 34,800
  • Lot Size (Sq. Ft): 223,898
  • Lot Size (Acres): 5
  • Road Frontage: Along Independence Road and Timberwood Drive
  • Original Price: $2,295,000.00
  • Price Note: PRICE REDUCED TO $1,975,000 FROM $2,295,000! Subject to Lease - Currently Leased by Brock White
  • Property Tax Year: 2019
  • Annual Property Tax: $43,576.00
  • Cap Rate: 8.4% (Based on 5 year average estimated cash flow)
  • 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 pays pre-negotiated amount; 5) Insurance (Property & General) - Tenant Reimburses; 6) Maintenance - Tenant Pays; See Lease Extension for Details.
  • 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
  • Ceiling Height - Office: 8'-6"
  • Ceiling Height - Warehouse: 29'
  • Overhead Doors: 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
  • Indoor Sprinklers: Yes
  • Bathrooms: 4
  • Security: Yes
  • Highspeed Internet: Yes
  • Parking Spaces: 37 Asphalt Parking Spaces - Able to provide up to 112 spaces
  • Traffic Counts: 8,700 on Hwy 210
  • MLS #: 4606212
  • CC File #: 852
  • Zoning: General Industrial & Business Gateway
  • PID#: 40150502
  • Legal Description: Legacy PID: 034200010010009. Lot 1 Block 1, Potlatch Addition to Baxter
Property Map