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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

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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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
82.47625.0226
Land Assessment
$785,000
Improvements Assessment
$6,704,000
Total Assessment
$7,489,000
  • Listing ID: 26413758

  • Date on Market: 8/16/2022

  • Last Updated:

  • Address: 4510 Heatherwood Rd, Saint Cloud, MN 56301

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