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5200 Douglas Dr N 6,489 SF Office Building Minneapolis, MN 55429 $4,195,000 ($646.48/SF) 8.39% Cap Rate
Investment Highlights
- 100% leased with specialty medical tenancy
- Excellent exchange opportunity
- NNN lease in place with approximately 12.5 years of lease term remaining and annual rent increases
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,489 SF
Building Class
B
Year Built
1963
Price
$4,195,000
Price Per SF
$646.48
Cap Rate
8.39%
NOI
$351,961
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,489 SF
Building FAR
0.24
Lot Size
0.62 AC
Opportunity Zone
Yes
Zoning
C
Parking
32 Spaces (4.93 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 09-118-21-22-0052 | Improvements Assessment | $1,438,000 |
| Land Assessment | $242,000 | Total Assessment | $1,680,000 |
Property Taxes
Parcel Number
09-118-21-22-0052
Land Assessment
$242,000
Improvements Assessment
$1,438,000
Total Assessment
$1,680,000
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5200 Douglas Dr N
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