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)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
$11.55/SF OP/EX
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,000 SF | Office/Retail | - | 30 Days |
1st Floor
| Size |
| 3,000 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,825,800 | |
| Land Assessment | $873,600 | Total Assessment | $5,699,400 |
