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2500 Cleveland Ave N
Roseville, MN 55113
Retail Property For Sale
Executive Summary
KW Commercial is pleased to present investors with the opportunity to acquire 2500 Cleveland Avenue N., a 7-unit, 92% occupied industrial/retail building located with prime visibility to 35-W in Roseville, Minnesota. This asset is institutional grade quality with a long-term Goodwill tenant with 6.25 years of term remaining, and six easy-to-lease small bay warehouse bays.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
40,000 SF
Building Class
B
Year Built/Renovated
1966/2006
Price
$7,250,000
Price Per SF
$181.25
Cap Rate
7.11%
NOI
$515,475
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
2.93 AC
Zoning
RB-Regional Business - Industrial and Retail permitted
Parking
88 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
178’ on Cleveland Ave
Amenities
- Pylon Sign
- Signage
- Car Charging Station
Property Taxes
| Parcel Number | 09-29-23-23-0030 | Improvements Assessment | $4,403,400 |
| Land Assessment | $1,532,100 | Total Assessment | $5,935,500 |
Property Taxes
Parcel Number
09-29-23-23-0030
Land Assessment
$1,532,100
Improvements Assessment
$4,403,400
Total Assessment
$5,935,500
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