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Eastgate II 425 E Saint Germain St 19,200 SF 74% Leased Office Building Saint Cloud, MN 56304 $2,000,000 ($104.17/SF) 5.75% Cap Rate
Investment Highlights
- High traffic corner location
- Lots of free on site parking 170 plus cars
- Lots of natural light/ elevator/beautiful exterior/can be bundled with two additional buildings
Executive Summary
can be combined with 451 and 22 building. total sq ft 59800. Annual income $700,000.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$289,000
|
$13.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$52,000
|
$2.40
|
| Effective Gross Income |
$237,000
|
$10.92
|
| Taxes |
$25,400
|
$1.17
|
| Operating Expenses |
$57,000
|
$2.63
|
| Total Expenses |
$82,400
|
$3.80
|
| Net Operating Income |
$154,600
|
$7.12
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $289,000 |
| Annual Per SF | $13.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $52,000 |
| Annual Per SF | $2.40 |
| Effective Gross Income | |
|---|---|
| Annual | $237,000 |
| Annual Per SF | $10.92 |
| Taxes | |
|---|---|
| Annual | $25,400 |
| Annual Per SF | $1.17 |
| Operating Expenses | |
|---|---|
| Annual | $57,000 |
| Annual Per SF | $2.63 |
| Total Expenses | |
|---|---|
| Annual | $82,400 |
| Annual Per SF | $3.80 |
| Net Operating Income | |
|---|---|
| Annual | $154,600 |
| Annual Per SF | $7.12 |
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Building Size
19,200 SF
Building Class
B
Year Built
2004
Price
$2,000,000
Price Per SF
$104.17
Cap Rate
5.75%
NOI
$115,000
Percent Leased
74%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,600 SF
Slab To Slab
11’
Building FAR
0.22
Lot Size
2.00 AC
Opportunity Zone
Yes
Zoning
PUD Commercial - Building can be added to two additional office buildings. 10710 sq ft 100%leased, and29000. sq ft office 98% leased. Price for all 3 buildings $4, mil
Parking
170 Spaces (8.85 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Conferencing Facility
- Property Manager on Site
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Artoss
- Professional, Scientific, and Technical Services
- 1,229 SF
- $13.00
- Triple Net
- Jul 2030
- Cor-Vanna Service
- Health Care and Social Assistance
- 9,600 SF
- $9.00
- Triple Net
- Jul 2030
- Health Max
- Health Care and Social Assistance
- 1,112 SF
- $13.00
- Triple Net
- May 2030
- Healthmax Home Health Care Services
- Health Care and Social Assistance
- -
- -
- -
- -
- VK Caribbean Groceries
- -
- -
- -
- Single Net
- Apr 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Artoss | Professional, Scientific, and Technical Services | 1,229 SF | $13.00 | Triple Net | Jul 2030 | |
| Cor-Vanna Service | Health Care and Social Assistance | 9,600 SF | $9.00 | Triple Net | Jul 2030 | |
| Health Max | Health Care and Social Assistance | 1,112 SF | $13.00 | Triple Net | May 2030 | |
| Healthmax Home Health Care Services | Health Care and Social Assistance | - | - | - | - | |
| VK Caribbean Groceries | - | - | - | Single Net | Apr 2026 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 17.00426.00 | Total Assessment | $870,000 |
| Land Assessment | $185,000 | Annual Taxes | $25,400 ($1.32/SF) |
| Improvements Assessment | $685,000 | Tax Year | 2026 |
Property Taxes
Parcel Number
17.00426.00
Land Assessment
$185,000
Improvements Assessment
$685,000
Total Assessment
$870,000
Annual Taxes
$25,400 ($1.32/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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Eastgate II | 425 E Saint Germain St
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