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250 14th Ave E 23,840 SF 100% Leased Office Building Sartell, MN 56377 $4,000,000 ($167.79/SF)
INVESTMENT HIGHLIGHTS
- Business campus setting with ample surface parking and green space.
EXECUTIVE SUMMARY
This property is 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. This building was a build-to-suit, completed in April 2014 for the initial tenant in this building called Array Services Group, Inc. The company has changed hands twice and the current tenant is Meduit, a medical billing company offering “Revenue Cycle Management” or RCM services. The current lease runs through March of 2032. They have two renewal options of five years each.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
23,840 SF
Building Class
B
Year Built
2010
Price
$4,000,000
Price Per SF
$167.79
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
23,840 SF
Building FAR
0.13
Lot Size
4.10 AC
Zoning
I1 - I1
Parking
140 Spaces (5.87 Spaces per 1,000 SF Leased)
AMENITIES
- Storage Space
1 1
PROPERTY TAXES
| Parcel Number | 18.00553.00 | Improvements Assessment | $2,510,900 |
| Land Assessment | $553,900 | Total Assessment | $3,064,800 |
PROPERTY TAXES
Parcel Number
18.00553.00
Land Assessment
$553,900
Improvements Assessment
$2,510,900
Total Assessment
$3,064,800
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250 14th Ave E
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