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For Lease

LDI Land Sale in Brooklyn Park

LDI Land Sale in Brooklyn Park
A new speculative industrial building is planned for Brooklyn Park and the Paramount Real Estate Corp team of Fred Hedberg, John Young, and Joe Schultz sold the land to get the project started.  The Paramount team has provided real estate services to Liberty Diversified International (LDI) for over a decade. This includes leasing several of LDI’s industrial buildings and, most recently, selling the excess land in Brooklyn Park.  The site is a 5.5-acre parcel at 9501 Louisiana Avenue (southeast corner of Highways 169 and 610) and the developer plans to build a 75,000 square foot state-of-the-art industrial building called Highview 610 Business Center.
Endeavor Development, founded by Josh Budish, is the developer.  Groundbreaking for the property is planned for this Spring.  The Paramount team is also handling leasing for Highview 610 and is marketing the building for fall 2021 occupancy.  The property has have great visibility to Highway 610, will be 28’ clear height, have plenty of vehicle parking, and a spacious truck court.  The building will be divisible to 15,000 square feet.
For more information about investment sales contact us at:
PARAMOUNT REAL ESTATE CORP | TCN WORLDWIDE
952.854.8290
www.paramountre.com
1650 W 82nd Street, Suite 725 | Bloomington, MN 55431

LEASE VS. OWN

Lease vs. Own

LEASE VS. OWN
Many business owners dream of owning their own industrial or office building rather than lease space and pay rent to a third party landlord.
One should consider both the costs and benefits of commercial property ownership to understand if it’s the right financial and operational move for the individual owner (what ever form of ownership it may be) and the company occupying all or part of the property.
Potential Benefits of Ownership:

Better control of building operating expenses
Potential property value appreciation creating more personal wealth
Principal reduction on the loan via rent payments from the tenant
Tax benefits such as depreciation
An excellent marketing tool (the bldg.) demonstrating the success of an organization
May be less expensive than leasing space in today’s market

Potential Costs and Risks of Ownership:

Generally less flexibility to expand or contract space size
Requires equity up front: 10%-25% down payment
Responsible for ALL building maintenance (roofs, parking lot, HVAC, etc.)
Could lose value during a market downturn
A default on the loan may result in foreclosure by the lender

If you are interested in a more thorough review and recommendation on Own vs Lease feel free to call Paramount Real Estate Corporation.  We have decades of experience leasing, acquiring and disposing of commercial real estate properties.
Written By: Phil Simonet, Principal | Paramount Real Estate Corp | TCN Worldwide

REAL ESTATE TIP: CHOOSING THE RIGHT BROKER

REAL ESTATE TIP: CHOOSING THE RIGHT COMMERCIAL REAL ESTATE BROKER
Would you buy a car from a boat deal?  Let your barber clean your teeth?  Perform your own surgery?  Of course you wouldn’t.  You want the people who you work with to be professionals and experts in what they do.  So why would you go into the commercial real estate market without professional help?
Commercial real estate brokers are trained and licensed professionals.  They all have geographic expertise, specific real estate product knowledge, and different negotiating styles.  When you are ready to go out and find property to lease, buy, sell, or invest in, your best bet is to interview a number of brokers to find the best fit for you.
Here are some questions you should ask real estate professionals to clearly understand if they can add value to your situation:

What product type do you specialize in?
What is the geographic area you focus in?
How long have you worked on this type of transaction?
Can you tell me about another client with similar needs that you helped in the past?
Do you work alone or with a team?
What is your communication style?

Do your homework and make sure you have a broker who knows the type of space you are looking for inside and out.
“Isn’t it cheaper to lease or buy space on my own?”
People always ask me “Isn’t it cheaper to lease or buy space on my own?”  No, is the answer most of the time.  Any broker you interview should be open and transparent with how they will collect their fee.  The industry has a standard commission for each product type, so make sure the brokers you are interviewing all tell you the same thing.  Typically, the broker commission is paid by the landlord or seller when leasing or buying an owner/user building.  In addition, your trained professional will help you avoid pitfalls.  These could include; paying over market rents, getting locked into a larger term than you want, and even having to pay to build-out new space yourself.
Do yourself a favor and let a professional help you with your space needs.  It will save you time, worry, and in the end, MONEY.

FOR LEASE – LONE OAK BUSINESS CENTER II


FOR LEASE
LONE OAK BUSINESS CENTER II
1060 Lone Oak Road | Eagan, MN

Property Highlights:

Two (2) office/ warehouse spaces located in Eagan are available For Lease immediately

Option #1: 3,410 SF office + 9,133 SF warehouse = 12,543 SF total
Option #2: 7,605 SF office + 10,256 SF warehouse = 17,861 SF total

Located just off Lone Oak Road and Neil Armstrong Road, with easy access to I-35E, I-494 and Hwy 55
Close proximity to downtown Saint Paul and MSP International Airport
Docks & drive-in doors available

Option #1: four (4) docks; one (1) drive-in door
Option #2: two (2) docks; one (1) drive-in door

16’ clear height

CONTACT:

Phil Simonet | (952) 854-8381 | psimonet@paramountre.com
John Young, CCIM | (952) 854-5067 | jyoung@paramountre.com

FOR LEASE — River Bend Business Park IV


FOR LEASE
River Bend Business Park IV
315 Randolph Ave | Saint Paul, MN

Property Highlights:

47,000 SF build-to-suit office/flex/showroom or warehouse opportunity For Lease
Approximately 10 acre site located just off Shepard Road, with easy access to I-35E, I-94 and Hwy 52
Close proximity to downtown Saint Paul and MSP International Airport
Overlooking the Mississippi River with direct access to the Samuel H. Morgan Regional Trail
24’ clear height in warehouse; docks and drive-ins build-to-suit
Strong local ownership and management

CONTACT:

Phil Simonet | (952) 854-8381 | psimonet@paramountre.com
John Young, CCIM | (952) 854-5067 | jyoung@paramountre.com
Connor Ott | (952) 854-8309 | cott@paramountre.com
TRUSTED. DEDICATED. EXPERIENCED.
We’re the people you want on your side.