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4510 Heatherwood Rd 77,434 SF Office Building Saint Cloud, MN 56301 $7,999,999 ($103.31/SF) 6.83% Cap Rate
Investment Highlights
- Along I-94
- 48,934 sf office/28,500 sf warehouse
Executive Summary
The property is currently occupied by Marco with 10 years remaining on their initial lease along with 4-5 year renewal options. The lease features a triple net structure with tenant being responsible for everything except roof and structural replacement.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
77,434 SF
Building Class
A
Year Built
2012
Price
$7,999,999
Price Per SF
$103.31
Cap Rate
6.83%
NOI
$546,361
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
38,717 SF
Slab To Slab
10’
Building FAR
0.25
Lot Size
7.20 AC
Zoning
C
Parking
100 Spaces (1.29 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Controlled Access
- Central Heating
- Air Conditioning
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Property Taxes
| Parcel Number | 82.47625.0226 | Improvements Assessment | $6,704,000 |
| Land Assessment | $785,000 | Total Assessment | $7,489,000 |
Property Taxes
Parcel Number
82.47625.0226
Land Assessment
$785,000
Improvements Assessment
$6,704,000
Total Assessment
$7,489,000
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4510 Heatherwood Rd
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