1811 NW Old Highway 8 30,486 SF Flex Building New Brighton, MN 55112 $4,250,000 ($139.41/SF) 10.25% Cap Rate

INVESTMENT HIGHLIGHTS

  • Medical Office Tech
  • Convenient Location and Easy Access

EXECUTIVE SUMMARY

Location is FOR LEASE (negotiable) or FOR SALE - Current Tenant has vacated the premises.
Office Location in New Brighton, MN; situated between Minneapolis and St. Paul.
Excellent opportunity for Medical Technology, In-House Device Manufacturing, BioTech, etc.
Property is located direclty off I-35W at Highway 96 and Old Hwy. 8 NW., New Brighton, MN.
Built in 1994, the 30,000 SF Building has a great interior with office space, production, and a small warehouse area.
Office: 16,500 SF Production: 12,250 SF Warehouse: 1,250 SF
Current tenant will occupy space until March 31, 2025
Excellent opportunity for Owner/User, Start Up, MedTech, BioTech, Office/Medical use

PROPERTY FACTS

Price $4,250,000
Price Per SF $139.41
Sale Type Investment NNN
Cap Rate 10.25%
Property Type Flex
Property Subtype
Light Manufacturing
  • Flex Showroom
  • Showroom
  • Office Medical
Building Class B
Lot Size 2.08 AC
Rentable Building Area 30,486 SF
No. Stories 1
Year Built 1994
Tenancy Single
Parking Ratio 3.33/1,000 SF
No. Dock-High Doors/Loading 1
Zoning MU - Mixed Use Regional

AMENITIES

  • Bio-Tech/ Lab Space
  • Signage
  • Wheelchair Accessible
  • Reception
  • Air Conditioning
  • Fiber Optic Internet

PROPERTY TAXES

  • Listing ID: 32125260

  • Date on Market: 6/13/2024

  • Last Updated:

  • Address: 1811 NW Old Highway 8, New Brighton, MN 55112