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121 23rd Ave SW 28,075 SF 100% Leased Retail Building Rochester, MN 55902 $6,800,000 ($242.21/SF) 6.70% Cap Rate
INVESTMENT HIGHLIGHTS
- A credit national tenants
- Fantastic location with room to add more rentable sf to the site
- Long term leases
EXECUTIVE SUMMARY
100% occupied. New 10 year lease on 23,000 SF.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
28,075 SF
Building Class
C
Year Built/Renovated
2002/2023
Price
$6,800,000
Price Per SF
$242.21
Cap Rate
6.70%
NOI
$455,600
Percent Leased
100%
Building Height
1 Story
Building FAR
0.32
Lot Size
2.00 AC
Parking
65 Spaces (2.32 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,436,400 | |
| Land Assessment | $873,600 | Total Assessment | $6,310,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$873,600
Improvements Assessment
$5,436,400
Total Assessment
$6,310,000
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121 23rd Ave SW
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