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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.
Property is located directly off I-35W at Highway 96 and Old Hwy. 8 NW., New Brighton, MN.
Excellent opportunity for Medical Technology, In-House Device Manufacturing, BioTech, etc.
Built in 1994, the 30,000 SF Building has a great interior with office space, clean rooms, 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 or Owner User
Cap Rate 10.25%
Property Type Flex
Property Subtype
Light Manufacturing
  • Flex Showroom
  • Showroom
  • Office Medical
Building Class C
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
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
21-30-23-22-0016
Land Assessment
$542,800
Improvements Assessment
$2,594,700
Total Assessment
$3,137,500
  • Listing ID: 32125260

  • Date on Market: 6/13/2024

  • Last Updated:

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

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