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200 14th Ave E 34,214 SF Office Building Sartell, MN 56377 $5,000,000 ($146.14/SF) 7.84% Cap Rate
INVESTMENT HIGHLIGHTS
- Net leased investment property. Jefferson Capital Systems moved into the building in June of 2023 and the current lease runs through March of 2032.
EXECUTIVE SUMMARY
Located in the City of Sartell and is considered a suburban location. The City of Sartell is located in southwest Benton County , about 4 miles northwest of the St Cloud Central Business District. The property has great access from US Highway 10 and State Highway 15.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
34,214 SF
Building Class
C
Year Built/Renovated
1997/2001
Price
$5,000,000
Price Per SF
$146.14
Cap Rate
7.84%
NOI
$392,160
Tenancy
Single
Building Height
1 Story
Typical Floor Size
34,214 SF
Building FAR
0.10
Lot Size
7.50 AC
Zoning
Office - Office
Parking
300 Spaces (8.77 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Signage
- Accent Lighting
- Central Heating
- Fully Carpeted
- Monument Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 18.00032.32 | Improvements Assessment | $1,898,000 |
| Land Assessment | $1,123,700 | Total Assessment | $3,021,700 |
PROPERTY TAXES
Parcel Number
18.00032.32
Land Assessment
$1,123,700
Improvements Assessment
$1,898,000
Total Assessment
$3,021,700
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200 14th Ave E
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