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32 32nd Ave S 5,700 SF 80% Leased Office Building Saint Cloud, MN 56301 $720,000 ($126.32/SF) 8% Cap Rate
Executive Summary
Investment opportunity consists of 4,500 square foot professional building and a 1,200 square foot shop situated behind. Centrally located ½ block off Division Street (Hwy23) Several long-term tenants make this a solid investment. Priced at an 8% cap rate! The largest tenant has a lease through January 2035. In 2013 main building went through an extensive remodel inside & out! You will see pride in ownership with updates like; windows, HVAC, new sidewalks, heated front walk, parking lot replacement, stucco, entry doors, and interior updates. One of the units is vacating - Great opportunity for an owner occupant!
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,700 SF
Building Class
C
Year Built/Renovated
1985/2013
Price
$720,000
Price Per SF
$126.32
Cap Rate
8%
NOI
$57,600
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,700 SF
Building FAR
0.38
Lot Size
0.35 AC
Zoning
C5
Parking
5 Spaces (0.88 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Advantage Chiropractic
- Health Care and Social Assistance
- -
- -
- -
- Facetime Business Resources
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Advantage Chiropractic | Health Care and Social Assistance | - | - | - | ||
| Facetime Business Resources | Professional, Scientific, and Technical Services | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Office space for lease - Great central location just off of Division Street, offering great visibility! Lobby area, conference room, private office & storage area. Off-street parking for your customers & staff. Landlord pays gas, electric, garbage, snow & lawn. Schedule your walkthrough today!
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 1,150 SF | Office | - | 30 Days |
1st Floor
| Size |
| 1,150 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| 30 Days |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 1,150 SF |
| Space Use | Office |
| Build-Out | - |
| Available | 30 Days |
Office space for lease - Great central location just off of Division Street, offering great visibility! Lobby area, conference room, private office & storage area. Off-street parking for your customers & staff. Landlord pays gas, electric, garbage, snow & lawn. Schedule your walkthrough today!
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Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 82.50464.0000 | Improvements Assessment | $133,400 |
| Land Assessment | $91,000 | Total Assessment | $224,400 |
Property Taxes
Parcel Number
82.50464.0000
Land Assessment
$91,000
Improvements Assessment
$133,400
Total Assessment
$224,400
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
32 32nd Ave S