Purchase I-35 Land Now: Lee Lake Commercial, Lakeville, MN

Ready to purchase I-35 Land? Lee Lake Commercial Lots are Available in Lakeville, MN

Purchase I-35 Land Now at Lee Lake in Lakeville, MN. These picturesque lots are the ideal location for retail or office with excellent freeway exposure garnering 83,000-103,000 vehicles per day in traffic counts. The site may also be an ideal location for senior housing or a memory care facility, as this property is located in C-3 zoning district (which was recently approved for this type of use by the City of Lakeville – (see Star Tribune article, Nov. 24, 2013). Additional use options may include apartments (re-zone), medical, restaurant or hotel.

Conveniently located on the southwest corner of I-35 and CR-46, this 13.91 (saleable) acre site is divisible to one (1) to two and a half (2.5) acre lots to meet your needs. Water, sewer and electricity are available on this site and multiple site options and configurations are available to review.

Join area businesses which include: Starbucks, Fitness 19, SuperAmerica, KwikTrip, Leo’s South, KFC, McDonald’s, Brunswick Zone, Gander Mountain, Pizza Ranch, HOM Furniture, AmericInn, Cracker Barrel, and Fleet Farm to name a few.

Lakeville is a growing community and is anticipated to be Dakota County’s largest city by 2040 according to a recent Vision Study completed by the City of Lakeville.

Great demographics, great traffic counts, and a great community. Now is the time to purchase a lot at Lee Lake. See our Lee Lake Commercial Lot listing page for additional details and a full brochure.

Call our friendly team today to learn more about this property and to discuss site options at CERRON Commercial Properties, a full service Real Estate brokerage.

Trading Up: The Basics of a 1031 Tax Exchange

Trading Up: The Basics of a 1031 Tax Exchange

A Commercial Real Estate Topic Review of the purpose, rules & options in a 1031 Tax Deferred Exchange

1031 Exchange How to by CERRON Commercial PropertiesI’ll start by saying you should consult with your tax and financial advisors for information on whether a 1031 Exchange is right for you and your financial goals. I can help you find the new property and also help you sell the old property.

A 1031 Exchange can be a great tax benefit for someone that wants to stay invested in commercial real estate and would also like to trade up and improve their commercial investment. Maybe that office warehouse with the low ceilings and dated office finish has become increasingly expensive to keep up and to lease out. Maybe a newer, high clearance warehouse with a beautiful office space and state of the art cabling and communication capabilities is just what your renters are looking for. You’ve just hit on the perfect 1031 exchange scenario. Sell that old building and buy one that fits your goals without having to give Uncle Sam any of your hard earned commercial investment profit.

There are a few things you need to know about 1031 exchanges before you take my advice and call Cerron for your property solutions. So what is a 1031 Tax Exchange? In this article I’m talking about a 1031 (also called “like-kind exchange”) being used to swap one commercial property investment asset for another and not losing 15 to 20 percent to the government in tax liability. In other words, you can change the form of your investment (trade up) without cashing out and being liable for capital gains tax, the tax is deferred.

Sorry, you can’t use a 1031 exchange for personal use. If your spouse would like a bigger, nicer, more expensive house, that’s a personal problem and a 1031 isn’t going to work to solve it. It’s for commercial investment property. There are other rules that apply also. You need to identify your property that you’re selling for a 1031 exchange before you close on it. Then you must submit the replacement property to a qualified intermediary in writing within 45 days. The qualified intermediary will hold the money from the property you sold until you purchase the new property and will facilitate the transaction. You must also close on the new like-kind property within 6 months of the sale of the original property. The IRS gives like-kind property a surprisingly liberal meaning so it may be possible to sell a farm and buy a shopping center. To get the full benefit the new property should be of equal or greater value.

There’s a quick lesson in 1031 Exchanges. Any one of us at CERRON Properties would be glad to help you get more information and help you find the perfect property for your 1031 Exchange.

Thanks,

Dan Huntington

MN BACK TO SCHOOL MARKET UPDATE

MN BACK TO SCHOOL MARKET UPDATE

Back to School - RE Market Report 2013The kids are off to school. It’s time to close up the cabin and focus on getting something done before year end. Fall is always a busy time in the Minnesota commercial real estate market, as we are seeing here at CERRON Commercial Properties.

Third quarter we had a noticeable change in office condominium sales. Businesses shifted to longer term leases and larger spaces. We actually had buyer wars—something we haven’t seen much of since 2007. Land sales even saw an uptick. The national retailers are back. Dealmakers were abuzz at the International Council of Shopping Centers (ICSC) convention this spring. This is all good news to a heavily beat up industry over the past six years.

We have been waiting for the inventory of distressed product to be absorbed and while there are a few deals left out there, they are dwindling. The market is heading in the other direction so if you are considering a move, now is the time.

We can help you with a market analysis. An initial one is no charge. In fact we only get paid if we produce a buyer or a tenant. Most owners pay our fee, so many times there is no charge for buyer/tenant representation services.

We now have all commercial properties for sale and lease on our website, and may be searched for free. Check it out at www.cerron.com or call me direct at 612-708-5281 email rozp@cerron.com.

 

Office Warehouse Space Apple Valley Business Campus

Office Warehouse Space Apple Valley Business Campus

Office Warehouse Space Apple Valley

Office warehouse space Apple Valley Business Campus is a new project in the heart of Dakota County’s thriving city of Apple Valley, MN. The focus for this office warehouse space Apple Valley is as follows:

This project will consist of four (4) industrial buildingd designed to appeal to a broad range of industrial, showroom, office/warehouse and manufacturing businesses.

The product is very flexible and will provide size options from 1,500 to 60,000 square feet. The target market is a business requiring 3,000 to 10,000 square feet.

The owner of this project has had significant experience with this product and has found that this product meets a broad market need. The owner has placed tenants in close to 300,000 square feet of similar product. This type of quality product is not readily available today in the Apple Valley marketplace.

Apple Valley’s strong demographics, public transportation, sound infrastructure and curent lack of this type of product makes Apple Valley an ideal location for this project.

Industrial buildings located at 14607 Felton Court & 14608 Felton Court in Apple Valley, MN, are the first two buildings at this project site. The 14607 building is at two-thirds capacity and the 14608 building has just two spaces remaining.

Response to this project has been tremendous! The uses for these spaces are abundant and could include meeting the needs of: Office/Warehouse, Instructional Athletic, Manufacturing, Distribution, Show Room, Appliance/Small Engine Repair, Assembly /Fabrications-Light, Research Labs, Sign Shop, Storage in Building, Trade Schools, Machine Shop, Millwork, and Cabinets.

Additional building features include:

  • I-2 zoning
  • Drive-In Doors – 12’ wide X 14’ High
  • Dock Door (14608 available in the 5,000 or 10,000 SF options)
  • Built Out Office
  • 120/208V of 200Amp Power Service
  • 14608 Felton Court equipped with 480V Power Service
  • State of the Art Communications
  • Several Size Options Available
  • 18’ 6” Clear Height
  • Forced Air Heat
  • Office – Heat and Air Conditioned

Additional information including a virtual tour of this space, flyers, and a contact form may be found at our CERRON listing page for Apple Valley Business Campus.

This office warehouse space Apple Valley project is developed, built and managed by Hebert Properties and is marketed and leased by CERRON Commercial Properties, LLC who may be contacted by email at brucer@cerron.com or phone at 952-469-9444.