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1370 Mendota Heights Rd 20,190 SF Office Building Mendota Heights, MN 55120 $3,786,686 ($187.55/SF) 7.21% Cap Rate
EXECUTIVE SUMMARY
• 100% Occupancy Rate – Single Tenant
• Newley Renovated in 2020
• Absolute NNN Lease through 12/31/2040
• Two 3-Year Renewal Options
• Newley Renovated in 2020
• Absolute NNN Lease through 12/31/2040
• Two 3-Year Renewal Options
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
20,190 SF
Building Class
C
Year Built
1984
Price
$3,786,686
Price Per SF
$187.55
Cap Rate
7.21%
NOI
$273,020
Tenancy
Single
Building Height
1 Story
Typical Floor Size
20,190 SF
Building FAR
0.27
Lot Size
1.69 AC
Zoning
AG2
Parking
75 Spaces
1 1
PROPERTY TAXES
| Parcel Number | 27-48250-01-020 | Improvements Assessment | $1,419,800 |
| Land Assessment | $394,000 | Total Assessment | $1,813,800 |
PROPERTY TAXES
Parcel Number
27-48250-01-020
Land Assessment
$394,000
Improvements Assessment
$1,419,800
Total Assessment
$1,813,800
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1370 Mendota Heights Rd
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