#208 - West End Autoplex & Business Center
Prime investment opportunity for you to own and use or lease out to eager tenants.
Marketing description
Don’t miss your chance to own a private unit in Phase 2 - Will be delivered in June of 2025 and can be customized into an office/warehouse, workshop, showroom or a car cave/dream garage - Add another 416 or more SF of space by adding a mezzanine level = 1,456 + SF - These are high-quality units that are decked out with 5” concrete floors w- floor drains & 20’ high ceilings - Commercial grade windows, entry door & garage door 16' wide x 14' tall - Attractive LP Smartside lap siding - Fire suppression with In floor radiant heating and you can add a split system for additional heating and / or cooling - All units are wired with 3 phase power and AC, 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 build it into your unit - Hurry, units are selling out fast, schedule your tour TODAY! - NOW taking Reservations for Phase 2 to be completed in late Spring of 2025
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 12/1/24:
10-year fixed rate, fully amortized at 7.75%
5-year balloon with 20-year amortization at 7.5%
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 2024 P&L and 2023 business tax return. We will also pull a credit report.
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