7756 college rd, baxter, mn 56425 -...

7756 COLLEGE RD, BAXTER, MN 56425

INDUSTRIAL FACILITY

COMMERCIAL REAL ESTATE | BUSINESS BROKERAGE | LAND & BUILDING DEVELOPMENT

INVESTMENT & INCOME PROPERTIES | TAX DEFERRAL STRATEGIES

{ Table of Contents }

2

7756 COLLEGE ROAD, BAXTER

521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334© 2017 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neitherthe owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may bereproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties. www.closeconverse.com

3 - 5 Features6 Floor Plan7 - 9 Photos10 Aerial Photo11 Section Aerial12 Plat13 Zoning Map14, 15 Zoning Description16 Traffic Counts17 Location Map18, 19 Demographics20 Thanks You21 Agency Disclosure22 Contact

Page

{ Features }

www.closeconverse.com© 2017 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neitherthe owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may bereproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.

521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334

IndustrialFacility.Rare opportunity tooccupy a large industrialfacility located on aprime corner in theBaxter Industrial Park.Available for sale orlease, this property provides ample office space along with two large warehouse areas with two exterior drive-indoors, a loading dock, and 4 interior overhead doors. Enjoy easy and quick access to Hwys 371& 210 along with high traffic flow and prime visibility along College Road.

Address: 7756 College Road, Baxter, Mn 56425

Directions: From the Baxter Hwy 210/371 intersection - South on Hwy 371 to the stoplights - Left (east) on College Rd - Left (north) on DogwoodDr - Property is the NW corner of Dogwood Dr & College Rd

Lot Size: 1.86 Acres (81,021.6 sq. ft.)

Lot Dimensions: 455.22’ x 177.20’ x 455.09’ x 191.64’

Building Size: 22,215 sq. ft. Total (Including Entrance Vestibules)West Office: 2,539 sq. ft.East Office: 2,216 sq. ft. West Warehouse: 9,300 sq. ft. East Warehouse: 8,160 sq. ft.

Purchase Price: $1,200,000

Lease Rate: $5.50/sq. ft. Triple Net

2017 Real Estate Taxes: $26,456 (Including $15 in Assessments)

Continued on next page.

3


{ Features } Water & Sewer: City

Heating: Natural Gas Forced Air

Cooling: Central Air - Electric Ground Units

Electrical: 1 (125 Amp), 1 (200 Amp), 1 (400 Amp), 1 (800 Amp)Three Phase Power

Lighting: Fluorescent

Year Built: 1997

Construction: Steel Frame

Foundation: Concrete Block

Exterior: Steel Siding

Roof: Steel

Ceiling Height: Office: 9’Warehouse: 16’

Exterior Overhead Doors: 2 (12’ W x 12’ H)

Interior Overhead Doors: 1 (10’ W x 12’ H) Connecting Warehouses1 (10’ W x 10’ H); 1 (12’ W x 12’ H); 1 (8’ W x 8’ H)

Loading Dock: 4’ H x 14’ W w/ 8’ W x 10’ H Overhead Door

Indoor Sprinkling: Yes

Floor Drains: 2

Restrooms: 3

High Speed Internet: Yes


4




{ Features } Alarm: Yes

Parking: 30 Paved Parking Spaces

Frontage: 455.22’ along College Road and 177.2’ along Dogwood Drive

Lawn Sprinkler: Yes

Zoning: I - Industrial Office

PID#: 03205002006Z009

Legal Description: All of Lots 8 & 9 Block 2 and part of Lots 6 & 7 Block 2 lying S’ly of the following described line; Commencing at the SE corner of said Lot 7, then N 00 Deg 16 Min 13 Sec E 7 ft, assumed bearing along the E line of said Lot 7 to the point of beg of the line to be described, then S 87 Deg 17 Min 04 Sec W 455.09 ft to the point onthe W line of said Lot 6 distant 13 ft N 00 Deg 11 Min 22 Sec W from the SW corner of said Lot 6 and said line there terminating.

Neighboring Businesses: Located in the Baxter Industrial Park, neighboring businesses include Just for Kix, Bridal Express, ETI, MPCA, SCR Refrigeration,Abbra, Holden Electric, USPS, USA Karate, Fastenal, Bernicks, Precision Sharpening, WJJY, Norson, Olive Garden, Super Wal-Mart, McDonalds, Costco, Petco, Ulta Beauty, TJ Maxx, Dick’s Sporting Goods, as well as many others.

5




{ Floor Plan }



6


{ Photos }



7


Subject Property Subject Property

East Warehouse Loading Dock East Warehouse Overhead Door

Reception Break Room

{ Photos }



8


Conference Room Conference Room

Office Office

Warehouse Office Warehouse Office

{ Photos }



9


West Warehouse West Warehouse

West Warehouse West Warehouse Looking Into East Warehouse

East Warehouse East Warehouse

{ Aerial Photo }



10


Super One

Tee Hive

Norson

Harley Davidson

Lindar Corporation

Navillus Land Co.

Just For Kix Home Med

HWY 210

COLLEGE ROAD

Papa Murphy’s

INDUSTRIAL PARK RD

N

Mills Storage

CypressCourt

Apartments

HeritageAssembly

of God

EPI

L.C.L.Electronics

FergusonCulligan

Jim’sElectric

TargetBest Buy

RHI

Gander Mountain

Fleet Farm

Kohl’s

Cub Foods

MN DOT

HWY

371

CYP

RES

S D

RFastenal

USPS

Abbra MPCA

HoldenElectric

Schwann’s

Knife RiverGravel

WasteManagementViking WSN

StateFarm

SCRRefrigeration

Crescent ElectricChristmas

Point PrecisionSharpening

NortechViking

ElectricBridal ExpressETI

Fox Shox

Bernicks

Brothers Westport

Lakes 12

Radco

NWRespiratory

DO

GW

OO

D D

R

BL Broadcasting

For Saleor Lease

CollinsBros

Towing

ServiceMaster

DishNetwork

Cash WiseHoliday

{ Section Aerial }



11


Just ForKix

FastenalUSPS

MPCA

Holden Electric

SCRRefrigeration

PrecisionSharpening

DirecTVViking

Electric

BridalExpress

ETI

Bernicks

NWRespiratory

USAKarate

Abbra

ChristmasPoint

{ Plat } Baxter Industrial Park



12


{ Zoning }



13


I - Industrial Office

{ Zoning Description }



14


I INDUSTRY OFFICE DISTRICT10-3I-1: PERMITTED USES:Brewery.Bus/transit stations or terminals and maintenance garage.Civic buildings, city halls, fire stations, public works and the like.Commercial recreation, indoor (e.g., bowling alleys, roller rinks and the like).Contractor operations, lumberyard/building material sales and the like.Distribution centers.Essential services and structures.Food processing or ice, cold storage plants, bottling works and the like.Laboratories and research facilities.Laundry, dry cleaning and dyeing plants.Manufacturing or assembly of products that produces no exterior noise, glare, fumes, byproducts or wastes or creates other objectionableimpact on the environment.Motor vehicle detailing shops.Offices, professional and medical.Radio and television stations or studios.Studios; art.Warehousing, wholesale offices and showrooms, excluding explosives and hazardous waste.Wireless communications towers subject to title 9, chapter 4 of this code including section 9-4-3 of this code. (Ord. 2013-20, 11-19-2013)

10-3I-2: ACCESSORY USES:No accessory structure or use of land shall be permitted except for one or more of the following uses:Accessory uses incidental and customary to uses allowed in section 10-3I-1 of this article in the I district, including retail, shall notoccupy more than thirty percent (30%) of the gross floor area of the principal use.Accessory structures as regulated by section 10-5-9, "Accessory Structures", of this title.Adult use, accessory pursuant to title 3, chapter 4 of this code.Licensed brewer taproom as an accessory to a brewery with limited accessory retail space provided:A. The seating for the retail space is limited to no more than twelve (12) seats.B. The retail space is limited to four hundred (400) square feet.C. The on-sale of any liquor is limited to beer brewed on site as allowed by a valid liquor license(s).D. The off-sale of any liquor is limited to beer brewed on site as allowed by a valid liquor license(s).E. The hours of both on-sale and off-sale liquor are limited to the legal hours of off-sale liquor. Off-sale liquor must be removed from thepremises before the applicable off-sale closing time.F. There must be adequate street capacity as determined by the city (for the purposes of determining adequate street capacity, the prop-erty must be served by an urban collector street or greater capacity road).G. Any required state, or city licenses are obtained and remain valid for the respective use.H. That there is not another brewer taproom within one thousand three hundred twenty feet (1,320') (1/4 mile) as measured betweenthe main front entrances following the route of ordinary pedestrian travel.I. There is adequate screening in compliance with section 10-4-8, "Screening/Landscaping/Fencing", of this title.Off street parking, loading and service entrances as regulated in sections 10-5-2, "Off Street Parking", and 10-5-3, "Loading Spaces", ofthis title.Signs as regulated by section 10-5-1, "Signs", of this title. (Ord. 2014-19, 6-17-2014)

10-3I-3: CONDITIONAL USES:The following are conditional uses, subject to the conditions outlined in section 10-7-4 of this title and the specific standards and crite-ria that may be cited for a specific use:Adult use, principal pursuant to title 3, chapter 4 of this code.Ministorage/self-storage facilities:A. Units are to be used for dead storage only. Units are not to be used for retailing, auto repair, human habitation, or any commercialactivity, except as allowed by this section.B. Combining office and/or retail space with a self-service storage facility may be allowed by conditional use permit.


{ Zoning Description }



15


C. Storage of hazardous or flammable materials is prohibited.D. No exterior storage is allowed.E. The facility shall be secured by either the walls of the structure and/or fencing. All doors on the units shall face inward and awayfrom the street and property lines.F. An on site manager is allowed only where adequate sanitary facilities are provided, either through use of a septic system or throughconnection to the public sanitary sewer system.Motor vehicle, boat or equipment repair.A. All servicing of vehicles and equipment shall occur entirely within the principal structure.B. To the extent required by state law and regulations, painting shall be conducted in an approved paint booth, which thoroughly con-trols the emission of fumes, dust, or other particulated matter.C. Storage and use of all flammable materials, including liquid and rags, shall conform with applicable provisions of the Minnesota uni-form fire code.D. Parking, driveway, and circulation standards and requirements shall be subject to sections 10-5-2, "Off Street Parking", and 10-5-3,"Loading Spaces", of this title and the review and approval of the city and shall be based upon the specific needs of the operation andshall accommodate large vehicle equipment and semitrailer/tractor trucks.E. The storage of damaged vehicles and vehicle parts and accessory equipment must be completely inside a principal or accessory build-ing.F. The sale of products other than those specifically mentioned in this subsection 10-3I-2A shall be subject to a separate conditional usepermit.Multi-business signs, as regulated in section 10-5-1, "Signs", of this title.Open storage, accessory to a principal use.A. All applicable federal, state and/or county permits are obtained.B. Storage area is blacktop or concrete surfaced unless specifically approved by the city council.C. The storage area does not take up parking space or loading space as required for conformity to this chapter.D. The storage area is screened from public streets and surrounding properties.(Ord. 2013-20, 11-19-2013; amd. Ord. 2015-06, 3-17-2015)

10-3I-4: INTERIM USES:The following are interim uses, subject to the conditions outlined in chapter 7 of this title, interim uses and the specific standards andcriteria that may be cited for a specific use:Buildings temporarily located for purposes of construction on the premises for a period not to exceed time necessary to complete saidconstruction.A. All building and safety codes are met. (Ord. 2013-20, 11-19-2013)

10-3I-5: LOT AREA, HEIGHT, LOT WIDTH, AND YARD REQUIREMENTS:A. Minimum Area Requirements: The following requirements shall be required in the I district. New development shall only beallowed when a full range of municipal services and facilities are available to serve the site. Properties may be subject to special require-ments as noted in article L, "SL Shore Land Overlay District", of this chapter.

With Public Sewer And Water Minimum lot size 20,000 square feet Minimum lot area 50% of the lot area shall be occupied by buildings Minimum lot width 100 feet interior; 120 feet corner Minimum principal structure setbacks: Front yard 35 feet

Side yard 10 feet interior; 35 feet abutting corner Rear yard 30 feet

Minimum accessory structure setbacks: Front yard 35 feet Side yard 10 feet interior; 35 feet abutting corner Rear yard 10 feet

Maximum lot coverage 50 percent Maximum building height 45 feet Maximum impervious surface (other than shore land overlay district) 88 percent Maximum impervious surface (shore land overlay district) 25 percent (Ord. 2016-021, 5-17-2016)B. Fence, Screen Required: Whenever an I district abuts an R district, a fence or compact evergreen screen is required pursuant to sec-tion 10-4-8, "Screening/Landscaping/Fencing", of this title. (Ord. 2014-19, 6-17-2014)

{ Traffic Counts } 2013 Counts from MNDOT



16


Baxter Traffic Counts: 9,600 on College Road and 11,200 - 20,400 on Hwy 371

{ Location Map }



17


North

South

{ Demographics }



18


Trade Area 2016 Population (Includes the following counties): Crow Wing County 65,395Cass County 29,482 Total Trade Area Population 94,877

2016 Population: Baxter 8,114Brainerd 30,596

Estimated Summer Population: Brainerd/Baxter 200,000+

Projected Population Growth Change 2016-2021:Crow Wing County 0.60% Baxter 0.89%

Households in 2016: Crow Wing County 27,185Baxter 3,077

2016 Median Household Income: Crow Wing County $50,396Baxter $60,617

Crow Wing County Retail Sales in 2012: $1,124,967,000

2016 Crow Wing County Major Employers: Industry # of Employees Essentia Health - Central Region Healthcare 1,460Cuyuna Regional Medical Center Helthcare 947Brainerd School District Education 893Grand View Lodge Tourism 720Madden’s Resort Tourism 550Ascensus Technology 500Breezy Point Resort Tourism 500Clow Stamping Manufacturing 440Crow Wing County Government 415Cragun’s Resort Tourism 380Central Lakes College Education 325Walmart Retail 320Cub Foods/Super Valu (3 Stores) Retail 320Ruttgers Bay Lake Resort Tourism 300Anderson Brothers Construction Construction 260Pequot Lakes School District Education 240Crosby Ironton School District Education 240Mills Automotive Retail 220Bang Printing Manufacturing 218City of Brainerd Government 208Bethany Good Samaritan Healthcare 175Costco Retail 175Woodland Good Samaritan Healthcare 175Landys+Gyr Inc. Energy 140Nortech Systems Manufacturing 97




19


{ Demographics }Area Businesses: (To see a list of additional businesses, please go to www.explorebrainerdlakes.com)

Financial Institutions: 15+ (multiple locations not counted)

Churches: 30+

Schools: 15+

Golf Courses: 27+

Resorts:Bay Colony InnBreezy Point ResortCragunsFritz’s ResortGrand View LodgeGull Lake ResortIzaty’sKavanaugh’sLost Lake LodgeMaddensQuarterdeckRuttger’s Bay Lake LodgeSullivansPlus numerous others

Major Retailers:AldiAnytime FitnessAuto ZoneBest BuyBig LotsBook WorldBrother’s MotorsportsCashwise Liquor (2)Christmas PointCostcoCub Foods (2)Discount TireDunham’s SportsEast Brainerd Mall (17 Retailers)Fleet FarmGander MountainHerberger’sHome DepotJC Penney’sJiffy LubeKohl’s

Major Retailers Continued:MenardsOffice MaxSearsSuper OneSuper Wal-MartTargetThe Power LodgeWalgreensWestgate Mall(27 Retailers)Westside Liquor

Restaurants/Fast Food:218 Local371 Diner612 StationAntler’sApplebee’sArby’sBar HarborBaxter’sBilly’sBlack Bear Lodge & SaloonBoomer PizzaBoulder Tap HouseBreezy Point MarinaBrick House PizzaBuffalo Wild WingsBurger KingBurritos CaliforniaCaribou Coffee (2)Cherry BerryChina BuffetChina GardenCold Stone CreameryCountry KitchenCowboy’sCragun’s Legacy GrillCruCulver’sDairy Queen (3)Diamond HouseDomino’s PizzaEl TequilaErbert & GerbertsErnie’sFour SeasGiovanni’s Pizza

Restaurants/Fast Food ContinuedGrizzly’s Grill & SaloonHalf Moon SaloonHardee’sHunt ‘N ShackJack’s HouseJake’sJimmy John’sKFC (2)Lucky’sMadden’s Classic GrillManhattan BeachMaucieri’sMcDonalds (3)Moonlite BayNorthern Cowboy’sNorthwinds GrilleOlive GardenPapa John’s PizzaPapa Murphy’s PizzaPerkinsPestello’sPine PeaksPizza HutPizza RanchPoncho & Lefty’sPrairie BayPrime TimeQuarterdeckRafferty’s Pizza (3)Riverside InnRuttger’sSakuraSawmill InnSherwood ForestStarbucks (2)Subway (3)Taco BellTaco John’sThe BarnThe ChapThe CommanderThe Pines at GrandviewTim Horton’sTimberjackWendy’s (2)Ye Ole WharfZorbaz (2)

{ Thank You }

20


521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334© 2017 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neitherthe owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may bereproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties. www.closeconverse.com

Thank you for considering this Close - Converse opportunity

Close - Converse is pleased to present this real estate opportunity for your review. It is our intention toprovide you with the breadth of information and data that will allow you to make an informed decision.

We are here to help

Please review this package and contact us with any questions you may have. We are prepared to discusshow this property meets your needs and desires. Facts, figures and background information will aid inyour decision. Should you need specialized counsel in the areas of taxation, law, finance, or other areasof professional expertise, we will be happy to work with your advisor or, we can recommend competentprofessionals.

How to acquire this opportunity

When you have made a decision to move forward, we can help structure a proposal that covers all thecomplexities of a commercial real estate transaction. As seller’s/landlord’s representatives, we know theseller’s/landlord’s specific needs and can tailor a proposal that expresses your desires, provides appropri-ate contingencies for due diligence and results in a win-win transaction for all parties.

Agency and you

Generally, we are retained by sellers or landlords to represent them in the packaging and marketing oftheir commercial, investment or development real estate. You are encouraged to review the Minnesotadisclosure form “Agency Relationships in Real Estate Transactions” which is enclosed at the end of thispackage. If you have questions about agency and how it relates to your search for the right property,please ask us. We will answer all your questions and review the alternatives.

Should you wish to pursue this opportunity, please acknowledge your review of “Agency Relationships”by signing, dating and returning it to us.

{ Agency Disclosure }



21


{ Contact }



Address: 521 Charles StreetPO Box 327Brainerd, MN 56401

Telephone: 218-828-3334

Fax: 218-828-4330

Website: www.closeconverse.com

You may also contact the following members of the Close~Converse team by cell phone or email.

Nate Grotzke, CCIM 218-838-1000 [email protected]

Tim Miller, CCIM 218-838-8772 [email protected]

Chris Close, CCIM 218-831-7510 [email protected]

Rod Osterloh, ALC 218-831-1301 [email protected]

Jody Osterloh 218-831-0712 cell [email protected]

Kevin Close 218-831-3077 [email protected]

22


7756 college rd, baxter, mn 56425 -...

Documents