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3993 Heritage Pl NW 31,920 SF Office Building Rochester, MN 55901 $9,500,000 ($297.62/SF)
Executive Summary
Established Tenant: Charter Communications has occupied the building since 2009
Long-Term Stability: Tenant did not exercise the early termination option prior to 3/1/26, demonstrating commitment to the location
Future Upside: Two (2) additional 5-year renewal options with predetermined
rental increases
Market Consolidation: Other Charter locations in Rochester have been consolidated into this site, making it the company’s only Rochester location
Building Characteristics: 31,920 square feet, with approximately 6,000 square feet dedicated to warehouse space and the remaining 25,920 square feet designed for office use
Long-Term Stability: Tenant did not exercise the early termination option prior to 3/1/26, demonstrating commitment to the location
Future Upside: Two (2) additional 5-year renewal options with predetermined
rental increases
Market Consolidation: Other Charter locations in Rochester have been consolidated into this site, making it the company’s only Rochester location
Building Characteristics: 31,920 square feet, with approximately 6,000 square feet dedicated to warehouse space and the remaining 25,920 square feet designed for office use
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
31,920 SF
Building Class
B
Year Built
2009
Price
$9,500,000
Price Per SF
$297.62
Tenancy
Single
Building Height
1 Story
Typical Floor Size
31,920 SF
Building FAR
0.34
Lot Size
2.14 AC
Amenities
- Signage
1 1
Property Taxes
| Parcel Number | 74.29.14.079005 | Improvements Assessment | $6,664,700 |
| Land Assessment | $699,700 | Total Assessment | $7,364,400 |
Property Taxes
Parcel Number
74.29.14.079005
Land Assessment
$699,700
Improvements Assessment
$6,664,700
Total Assessment
$7,364,400
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3993 Heritage Pl NW
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