Dakota County Office Deals Abound

Dakota County Office Deals by CERRONDakota County office deals abound! CERRON is excited to offer a variety of office spaces priced at very affordable rates both Offices For Lease and Offices For Sale. We have current listings in Eagan, Lakeville, and Burnsville. Our friendly staff is available to assist you with your space needs – big or small! Take a look at our site for more information on available properties. We have new listings being added every week. If you don’t see something you are looking for, give us a call or send us an email – we might have that perfect property that is just coming on to the market.

Click and print the following flyers to take with you:

Office Condos For Sale by CERRON

Office Condos For Lease by CERRON

Scan the QR codes while you are away from your desk to access the individual webpages for each of our great new office listings.

We look forward to helping you find the perfect property solution to meet your unique needs!

 

Commercial Real Estate Trends for 2013

South Metro space for lease or for sale

The overall commercial real estate market is improving with most sectors showing strength. The combination of low interest rates, better market fundamentals, and stronger business volumes for many companies, have helped contribute to this commercial real estate market improvement.

CoStar reported reported the…

  • “Demand for U.S. warehouse space moved from the recovery to the expansion phase in late 2012 as rising occupancy rates and limited new construction helped push (up) rents…” Randyl Drummer, CoStar News
  • “Tenant demand for office space ended 2012 on a strong note” with a good 4th quarter in most office sectors. Randyl Drummer, CoStar News (Follow him on Twitter)

Therefore, it appears that “commercial real estate markets are nearing a point that the properties are not going to get any less expensive,” Mark Heschmeyer, CoStar News. At CERRON, we have several quality listings available in many sectors, including:

  • Warehouse space for lease at 21725 Hamburg Avenue, Lakeville
  • Office/Warehouse/Showroom for sale at 21205 Eaton Avenue, Farmington
  • Office space for sale at 2809 Cliff Road East, Burnsville
  • Office space for lease at 3470 Washington Drive, Eagan
  • Office space for sale at 2430-2438 – 117th St. E., Burnsville
  • Office space at 11995 County Rd. 11, #210, Burnsville

At CERRON Commercial Properties, a south metro MN real estate brokerage, we are ready to assist you with your commercial real estate needs. Contact us today to discuss how we can find the right property solution for you…with you!

Read more: http://www.costar.com/News/Article/Rising-Demand-Propels-Warehouse-Market-to-Strong-2012-Finish/145459, http://www.costar.com/News/Article/Recovering-Office-Demand-Sets-Stage-For-Rent-Growth-Across-The-US/145245, and http://www.costar.com/News/Article/2013-Deal-Strategy-Time-To-Move-Forward-but-Prudently/145424

Are You Considering Purchasing Commercial Office Space?

By Dan Huntington

If you are considering purchasing commercial office space, there are a number of things you will want to consider.

First of all, surround yourself with a great team

According to Inc.com, “As a small business owner, you’re most likely not a commercial real estate expert. That’s why it’s important to surround yourself with the right team of experts. They can help you determine the right time to buy or sell, the right locations to consider, and the nuts and bolts of closing the deal. Here are some of the experts you may consider contacting:

  • Accountant. An accountant can help you figure out what your business can afford and analyze the tax and operating budget benefits.
  • Lawyer. A lawyer can help you complete the transaction, negotiating with the seller and lender on your behalf.
  • Commercial broker. A real estate broker can help you identify potential properties and what you can afford.
  • Mortgage broker. A lender or mortgage broker will help you sort through financing options, from bank loans to those guaranteed by the U.S. Small Business Administration, such as the Certified Development Company (CDC) 504 Program, used to finance primarily real estate or equipment”

Then, Identify the RIGHT Property…Consider the Location, Physical condition, Allowable uses, Limitations on exterior and interior, Adequacy of access and parking, Opportunity for expansion or leasing, and Physical condition (Inc.com).

This is one example of the many listings CERRON Commercial Properties has available for purchase. This property is now available for Sale – buy the entire property or one of three (3) office condos available.

Office space for sale in Burnsville MN

2430, 2434, 2438 117th Street East, Burnsville, MN 55337

To read the entire Inc.com article, go to: http://www.inc.com/guides/2010/07/how-to-purchase-commercial-real-estate.html

Reasons To Do Business in Dakota County

Sometimes we fail to acknowledge the value we have in the Twin Cities. Here is some information from a presentation made by Dakota County commissioners this fall.

What Businesses Want:

*Smart productive workers

*Innovation

*Growing Labor Force

*Easy access to markets

*Available, affordable facilities

*Robust, diverse economy

*Reliable, affordable services

*Pro-business leadership

*Great quality of life

Dakota County has a well-educated, productive workforce. 37% have a bachelor’s degree or higher compared to 32% State and 28% US. As of June 2011, unemployment was 6.7% with 76.8 % employed and 77.5% two-income families. Higher education is valued and we have access to dozens of world class universities and colleges. We have a history of innovation including Rollerblade, Northern Tools, Goodrich Sensor Systems, Image Trend and more. Dakota County saw a 12% increase in population from 2000 – 2010 and also an increased labor force. Accessibility comes in several forms, including MSP International Airport plus several smaller airports, Mississippi River barge transport, rail lines and 440 miles of well-maintained, well-connected system of highways—interstate, state and county. There is 5.6 million square feet of commercial/retail buildings, 14.4 million square feet of office space and 980 industrial buildings with 40 million square feet. If you need commercial, retail, office or industrial space, we have choices for you!

Dakota County believes in pro-business leadership and has the lowest county tax rate in the state! Plans for an extensive fiber network and Intelligent Community designation by 2012 are underway. There are six engaged Chambers of Commerce advocating for business.

Several Fortune 500 and 1000 companies from a variety of sectors create a diverse and robust economy. Businesses in Dakota County include Blue Cross, Blue Shield, CHS, Thomson Reuters, Flint Hills Resources, Fairview Ridges Hospital, Patterson Dental, and several growing small businesses such as Outdoor GreatRoom, Space Trailers, Bio Thera and Image Trend. There are 9,452 private sector firms with 148,130 employees. Manufacturing and health care sectors account for around 24% of total employment.

Dakota County has a high quality of life as rated by Money Magazine. Median household income is $69,545 with 77% ownership rate and lowest percentage of cost burdened homeowners in the metro area. Public schools average some of the highest ACT test scores in the nation with over 80% participation rate. There are several opportunities to access the arts, leisure and entertainment.

As you can see, Dakota County is a great place to live and work. Ask us if you have any real estate needs to grow your business. Our specialty is real estate in the south metro area of the Twin Cities and our motto is creating property solutions for you, with you.

The Time to Buy or Lease Commercial Real Estate in Minnesota is Now…

For anyone in the market to lease or buy commercial real estate – This is a good time to make a move.

Lease rates have softened 15-25% from the peak with most Landlords anxious to do a deal and offer concessions to satisfy the tenant’s needs. So…a good time to take advantage of these market conditions and lock in some good lease rates for your business. Mike Salmen of Transwestern referenced this opportunity in a recent article in the Real Estate Journal (www.rejournals.com, 7/12/2010) where he said – “companies are deciding to relocate or take advantage of the tenant’s market that exists.”

Likewise – sale prices for commercial buildings have also fallen in the market. So if purchasing is an option for your business…again the time is now. Many Sellers are quite motivated to make a deal by reducing their price.

The other reason that the time is now…is that interest rates for financing are at recent historical lows making payments quite affordable. SBA rates for 504 loans are in the 5’s depending on the program.

So, whether you are a tenant or a buyer – now could be a good time for you to relocate your business. Contact our team of leasing professionals to view some of the best deals in commercial real estate for sale or lease in Minnesota.