Lease, Buy or Build

Lease, Buy, or Build: How To Know Which Is Right for Your Business

Whether you’re launching a new business, expanding an existing one, or simply need to move locations for one reason or another, you’ll need to decide whether to lease, buy, or build a property. And with current construction lead times, it’s important to make this decision early on. If you don’t, you could be in for a long wait before you …

Manufacturing Warehouse Space Available MN


Manufacturing Warehouse Space Available MN:

The team at CERRON has a variety of manufacturing warehouse spaces available in and around the south metro, Minnesota.

These industrial buildings range in size from 3,000 to 100,000 SF in Apple Valley, Bloomington, Burnsville, Lakeville, Rosemount, and Farmington.

Whether you are looking for a specific clear height, number of dock or drive-in doors, outdoor storage, or a location on or near rail service, our team can work with you to identify the ideal space to meet your needs.

Here are just a couple of examples of current manufacturing warehouse properties we have available:

 


Lakeville:

21673 Cedar Avenue (click on the address to see full details including brochure)

Manufacturing Warehouse Space Available Lakeville MN

This warehouse space for lease mn (or for sale) almost 100,000 SF space includes: 93,283 SF of warehouse / manufacturing, 4,486 SF office,  (6) Docks (4-enclosed), (3) Drive-Ins, Heavy Power 4600A/480v, 18’ to 19’6” Clear Height, Purchase or Lease (2 tenants possible).  


 

Bloomington:

8640 Harriet Avenue South (click on the address to see full details including brochure)

Office Warehouse Lease Space Bloomington

This office warehouse lease space offers two space options: Option 1: 7,000 SF Warehouse; and, Option 2: 2,600 SF Office (build to suit). Office is located on the 2nd floor. Near 494 & I-35W, by Lyndale Ave. Office space includes lots of windows and is dividable. Warehouse space includes 3 drive-in doors, floor drains, and air make-up. 


Spaces Available Now:

Our commercial and industrial property inventory changes weekly. Connect with our team to discuss your needs and we can set you up on a search to find the ideal property, or line up a showing for you.

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 We would love to hear from you…feel free to leave us a note below:

Imperial Plastics New Building Project Breaks Ground in Mankato MN

Imperial Plastics New Building Project Breaks Ground in Mankato MN

Imperial Plastics Groundbreaking Norman Oberto, Owner of Imperial Plastics, address the crowd of approximately 50 gathered for the ceremony.

APPRO Development, Inc. and CERRON Commerical Properties, LLC are pleased to announce the official Imperial Plastics New Building Project Breaks Ground in Mankato MN on Thursday, August 1, 2013. Surrounded by family, employees, City of Mankato staff & board, Greater Mankato Chamber, financial, legal, real estate, building, architectural and accounting professionals, Imperial Plastics’ owner, Norman Oberto, greeted the crowd and shared his vision for not just this new additional location for his business, but for the growth of his company. Mayor Anderson, City Manager, Pat Hentges, APPRO and CERRON’s Jack Matasosky, and Jonathan Zierdt from the Greater Mankato Chamber rounded out the ceremony with words of esteem and gratitude at the occasion of the start of a new building in the City of Mankato’s Eastwood Energy Center.

This 124,368 square foot building will be the fourth, and largest, facility for Imperial Plastics in Minnesota. CERRON, commercial real estate broker, helped to secure the site for Imperial and APPRO is the acting design build contractor for this new and exciting project.

  • More details of the building project can be found on APPRO’s Current Project Page, HERE (includes many more pictures of groundbreaking & current progress at this building site).
  • Read more about this project in the Mankato Free Press, by linking, HERE.
  • To learn more about Imperial Plastics, you may visit their website by linking HERE.

APPRO Development, Inc. and CERRON Commercial Properties, LLC have been assisting clients like Imperial Plastics for more than 25 years, across Minnesota, North Dakota and Wisconsin. If you have been thinking about adding onto your existing building, need to make some small updates or changes, or are thinking about building a new facility – our team of experts is here to help. To get the ball rolling, you may contact Jack Matasosky at office@approdevelopment.com to discuss your unique situation.

Click on any of the photos below to enlarge.

Jack Matasosky, APPRO Development & CERRON Properties with Jonathan Zierdt, Greater Mankato Chamber President Jack Matasosky, APPRO Development & CERRON Properties with Jonathan Zierdt, Greater Mankato Chamber President

Lunch Reception at Imperial Plastics Groundbreaking, August 1, 2013 Lunch Reception at Imperial Plastics Groundbreaking, August 1, 2013

APPRO Development & CERRON Commercial Properties Groundbreaking in Mankato, MN Norman Oberto joined by APPRO, CERRON, Mankato Mayor Anderson, Council Member Karen Foreman, Kristin Prososki, and Tim Lidstrom

Greater Mankato Chamber Cerificate Presentation to Norman Oberto of Imperial Plastics Greater Mankato Chamber Cerificate Presentation to Norman Oberto of Imperial Plastics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A special thank you to the Greater Mankato Ambassadors for attending this event and also for sharing photos taken at the groundbreaking event (most of which can be found on this and our blog page). To learn more about the Greater Mankato Growth Chamber of Commerce and Economic Development, you may click HERE to access their website.

Lakeville Industrial Warehouse Building Expansion Project Breaks Ground

APPRO Development as design build general contractor at QA1 Groundbreaking

Groundbreaking at QA1, Lakeville, MN with APPRO and CERRON

Lakeville Industrial Warehouse Building Expansion Project Breaks Ground with APPRO Development and CERRON Commercial Properties helping QA1 to celebrate an official groundbreaking for the addition of a 17,200 sq. ft. warehouse. The new addition will expand their existing space to accommodate QA1’s growing business.

The entire QA1 team was joined by a few of the APPRO and CERRON team members to participate in the official groundbreaking ceremony. Everyone at QA1 is looking forward to the added space this new expansion will provide. More information about the ceremony can be found on QA1’s news page by clicking on the following link: QA1 NEWS. Additionally, if you are interested in learning more about QA1, located in Lakeville, MN, you may visit their website at: www.QA1.net.

Looking for more information or ideas for your growing business? Feel free to contact our design team for a no obligation appointment to discuss your needs and ideas.

 

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

GRATEFUL HEARTS ABOUND IN LAKEVILLE, MINNESOTA THIS THANKSGIVING

Happy Thanksgiving from APPRO and CERRON

This season we are thankful for so much! At APPRO and CERRON, this Thanksgiving, we are grateful for our long time friends and colleagues in the Airlake Industrial Park, Lakeville, and the South Metro region of Minnesota, as well as our friends in Tioga, Williston, and Minot, North Dakota, who have helped contribute to our success over the past 25 years.

As I think about the early pilgrims, I think about the celebration of hard working people who came together to share their blessings with one another. They were a team that worked hard to build a new life and then celebrated their triumph over some pretty tough times.

Every day, our team has an opportunity to help our clients serve others. Whether they are making medical instruments to save lives, durable plastics for products to make life easier, providing nourishing food for our nation and the world, or providing the packaging for those products , we are grateful for our role of providing the building solutions to meet each of those unique needs.

As you sit down and celebrate your Thanksgiving meal with friends and family, we hope you will know that we are grateful for you and the role you have played over the years!

Happy Thanksgiving from all of us at APPRO and CERRON!

P.S. We thought you might find the following Thanksgiving Facts fun to share with friends and family this year: http://www.whsv.com/seasonal/misc/33852054.html. Enjoy!

Now might be the right time to build or expand your manufacturing, commercial, or industrial facility in Minnesota. The 20-year averaged effective SBA 504 Rate has dropped!

According to the SBA (as published by SPEDCO – August 10, 2010), “the new SBA 504 interest rate is so low that even Tiger Woods is jealous: the 20-year averaged effective rate for the month of August is 4.931%! The 10-year averaged effective rate remains at 4.169% – these rates are all-time historic lows!”

Contact APPRO Development to learn more about financial planning for your commercial, industrial, or manufacturing project. As a design build general contractor, we can help with your expansion plans!