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20 S 32nd Ave S 8,276 SF 100% Leased Office Building Saint Cloud, MN 56301 $975,000 ($117.81/SF) 7.90% Cap Rate
Executive Summary
Investment opportunity consists of 3 buildings with a total of 6 tenants. Current Cap rate = 7.5% with built-in rate increases on existing leases!
A combination of office, retail and warehouse space. Centrally located ½ block off Division Street (Hwy23) 100% occupied – Several long-term tenants make this a solid investment. The largest tenant has a lease through January 2035. In 2013 the South building went through an extensive remodel inside & out! You will see pride in ownership with updates like; windows, HVAC, new sidewalks, heated front walk for the 92-100 building, parking lot replacement, stucco, entry doors, and interior updates.
A combination of office, retail and warehouse space. Centrally located ½ block off Division Street (Hwy23) 100% occupied – Several long-term tenants make this a solid investment. The largest tenant has a lease through January 2035. In 2013 the South building went through an extensive remodel inside & out! You will see pride in ownership with updates like; windows, HVAC, new sidewalks, heated front walk for the 92-100 building, parking lot replacement, stucco, entry doors, and interior updates.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,276 SF
Building Class
C
Year Built
1981
Price
$975,000
Price Per SF
$117.81
Cap Rate
7.90%
NOI
$77,025
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,276 SF
Building FAR
0.37
Lot Size
0.52 AC
Zoning
Commercial
Parking
16 Spaces (1.93 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Storage Space
- Basement
- Natural Light
- Reception
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $301,400 | |
| Land Assessment | $159,000 | Total Assessment | $460,400 |
Property Taxes
Parcel Numbers
Land Assessment
$159,000
Improvements Assessment
$301,400
Total Assessment
$460,400
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20 S 32nd Ave S