West End Autoplex & Business Center
Customized office / warehouse, workshop, showroom, man cave, or dream garage!
Marketing description
Units are ready to be a customized office / warehouse, workshop, showroom, man cave, or dream garage!
The main floor can be expanded be combining with another unit, creating a pass through option - Add another 672 SF of space by adding a mezzanine level
These are high-quality units that are decked out with 5” concrete floors w- floor drains & 20’ high ceilings
Commercial grade windows, entry doors & garage doors 14' or 16' wide x 14' tall - Attractive LP Smartside siding - Fire suppression & soundproofing
In floor radiant floor heating & consider adding a split system for additional heating or cooling - All units are wired with 3 phase power, plumbed w- water & sewer
Roughed-in bathroom - Lots of upgrades are available to choose from or fully customize your unit - Add a bathroom, wet bar, kitchenette or even a hot tub
If you can dream it, we can built it into you unit for you - Hurry, units are selling out fast!
Investment highlights
- 20% cash down payment or more on purchase price of the unit as well as unit upgrades.
- If buyer would like to purchase in a RE holding company, that is ok with us as long as we have a personal guaranty from the buyer. It is also ok if the RE holding company is newly formed specifically for the purchase of the unit.
- As of 12/1/23:
- 10-year fixed rate, fully amortized at 8.75%
- 5-year balloon with 20-year amortization at 8.5%
- All projects financed by SSBT will close at Title Mark in Waconia. On units will upgrades, all proceeds will be disbursed on the day of closing. Upgrade funds will be held in escrow at Title Mark and disbursed as the project progresses.
- For financials, we are collecting a personal financial statement, 2-years personal, and 2-years business tax returns. At this time of year, it will probably be a 2023 P&L and 2022 business tax return. We will also pull a credit report.
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