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REJournals.com -Elk River industrial condo project nears completion Page 1 of 1 <br />R~~1 ~ST~~" ~l~t~R~V~~. ~ ~ ~ ~ Target t#~e rea(estak~ ~~on~rnunit~r in "..whys <br />___ <br />. j ~ ~ ~~ttr ~ ~-t Jan. 07, 2008 • 09:41 AM <br />Friday January 04 2008 Welcome, Catherine <br />Elk River industrial condo ro ect nears com letion <br />p 1 P Signout <br />Elk River Orono Commons are along Highway 10 <br />Staff Writer RE7aurnal5.ccsm <br />A major new industrial condominium project is nearing completion in Elk River. ~,.~....~ <br />~ <br />" <br />Elk River Orono Commons is a 60,000 square foot facility located at 12671 : <br />r lllllllllN <br />l <br />Meadowvale Road near Highway 10 and Upland Avenue, according to Dave <br />Schulte and Gordie Berger of River Industrial , , <br />, <br /> r,, <br />They say they decided to dive into the commercial/industrial condo market <br />because, "We wanted to offer the small business owner the ability to own <br />instead of rent," according to Schulte. <br /> ~~ <br />"The industrial condo concept has really been catching on in recent years and <br />we saw a need for that type of product in the northwest -- especially since the <br />" ~'4'ednesday; <br />~ 13 <br />F <br />b <br />u>r <br />adds <br />project had the ability to provide outdoor storage, which is very rare, ~ <br />e <br />r <br />Berger. 2~~$ <br /> $laomingtc~n <br />The pair say the interest from potential buyers at Elk River Orono Commons "is S}~eraton <br />high" and add that they expect to have some tenants or buyers signed on in <br />"the very near future." ~'~"~~~'~" <br /> <br />The industrial condos allow a business to get the benefit of ownership at an <br />affordable price. The advantages of purchasing are "very low" Small Business <br />M t~ <br />Administration interest rates and down payments as little as 10 percent. All the ~fA1,EStA1€,14lilbl <br />exterior maintenance of the building and parking lot are association- <br />maintained. SIGN ~~' <br />" FOR OUR <br />The project is being marketed by Equity Transwestern. FREE <br />eNEWSIETTER <br />~.:: ~::. <br />~t <br /> <br />~~~ <br />,~ <br /> ~;~ <br /> Would you like Ca <br /> advertise w ith us? <br /> Learn how you can. <br /> P1~noesoG~ i±_<..<<i Estate; ,ournal 5:3`?3 ti,'Jayzati~ L~ vt, 5~it~~ J47 Mir:neapolis, C`1~t ;54'tc l~l?i?8-516-'7939 <br /> Real !"~;:z<<c? E%ublist:inr7 G rcwl:, 41.5 P! ~taie it:r~,r=C C: hczxarr iL. f+(.?61 ~ 1.-8>8 7Si'.3 7H~8 <br /> t~ol~yright 2±? OC-2w05 t? (:eal Estate Puhiis}zn~, G roup. >3y l{Sin1 this sire yo a ag ree to the '1'er~rras i)f Use . <br />http://www.mrej .com/story.cfm?Market=MN&StoryID=15393 1 /7/2008 <br />