1301 Miller Trunk Hwy 10,000 SF 100% Leased Office Building Duluth, MN 55811 $3,200,000 ($320/SF) 7.56% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Visibility. Front row in retail corridor
- Lots of Parking
EXECUTIVE SUMMARY
Fully leased building on Miller Trunk HWY. Tenants include Essentia Orthopedics and Northway Avademy. Continued Residential and Commercial development makes this a solid long term investment.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,000 SF
Building Class
C
Year Built
1933
Price
$3,200,000
Price Per SF
$320
Cap Rate
7.56%
NOI
$242,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,000 SF
Slab To Slab
10’
Building FAR
0.16
Lot Size
1.41 AC
Zoning
Commercial - Commercial
Parking
48 Spaces (4.8 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
1 of 1
PROPERTY TAXES
| Parcel Number | 010271004670 | Improvements Assessment | $1,336,900 |
| Land Assessment | $879,800 | Total Assessment | $2,216,700 |
