178 9th St E | Saint Paul, MN 55101
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- LoopNet Team
178 9th St E
Saint Paul, MN 55101
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Valued Tenancy: Two (2) stable ESSENTIAL tenants - Virtuwell and WSB Associates
- Recent Renovations (2013): Windows, electrical, HVAC, Restrooms, Fire Suppression System, Elevator
- Attractive Lease Term: 5.16 years weighted average lease term
- Creative Class: Brick and concrete 1916 construction with +/- 13' ceilings
- 20% Below Market Rent: Avg. rate for Class B full service is $22.74 PSF; WSB Building is just $18.10 PSF
- Additional Parking: Directly adjacent to Block 19, a municipal 1,028 stall parking ramp
PROPERTY FACTS
Property Type
Office
Building Size
24,686 SF
Building Class
B
Year Built/Renovated
1916/2011
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,000 SF
Slab To Slab
9’
Building FAR
2.27
Lot Size
0.25 AC
Zoning
B5 - Central Business Service
Parking
55 Spaces (2.29 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Commuter Rail
- Signage
PROPERTY TAXES
| Parcel Number | 31-29-22-43-1566 | Improvements Assessment | $876,500 |
| Land Assessment | $704,500 | Total Assessment | $1,581,000 |
PROPERTY TAXES
Parcel Number
31-29-22-43-1566
Land Assessment
$704,500
Improvements Assessment
$876,500
Total Assessment
$1,581,000
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