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Northlake Center III 14162 Commerce Ave NE 9,340 SF 100% Leased Office Building Prior Lake, MN 55372 $1,900,000 ($203.43/SF) 5.50% Cap Rate
EXECUTIVE SUMMARY
Great investment opportunity to own commercial / retail office space on Corner of County Rds 13 and 42. Currently, 80% rented with 5 total units.2 other buildings also available in a 3 building package ($327,000 gross annual rent - 3 acres)
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,340 SF
Building Class
C
Year Built
1997
Price
$1,900,000
Price Per SF
$203.43
Cap Rate
5.50%
NOI
$104,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,340 SF
Building FAR
0.26
Lot Size
0.82 AC
Zoning
B-1 - Commercial
Parking
20 Spaces (2.14 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Steven H Mangan CPA
- Professional, Scientific, and Technical Services
- -
- -
- -
- The Excercise Coach
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Steven H Mangan CPA | Professional, Scientific, and Technical Services | - | - | - | ||
| The Excercise Coach | Services | - | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 25-194-003-0 | Improvements Assessment | $350,000 |
| Land Assessment | $750,000 | Total Assessment | $1,100,000 |
PROPERTY TAXES
Parcel Number
25-194-003-0
Land Assessment
$750,000
Improvements Assessment
$350,000
Total Assessment
$1,100,000
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Northlake Center III | 14162 Commerce Ave NE
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