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550 Burnsville Pky
Burnsville, MN 55337
Office Property For Sale
Executive Summary
This Class A office building is ideally situated on Burnsville Parkway at I-35W. The property has great visibility and is surrounded by retail, residential and businesses. Located in the downtown redevelopment area known as the Heart of the City (HOC), the area is a vibrant, mixed-use, growing community. Traffic counts or 92,000vpd on 35W and 17,000vpd on Burnsville Parkway.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Building Size
20,217 SF
Building Class
B
Year Built/Renovated
2007/2018
Price
$5,750,000
Price Per SF
$284.41
Cap Rate
6.75%
NOI
$388,125
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,739 SF
Slab To Slab
13’6”
Building FAR
0.15
Lot Size
3.13 AC
Zoning
HOC-2 Heart of the City
Parking
55 Spaces (2.72 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
- Signage
Property Taxes
| Parcel Number | 02-11475-01-010 | Improvements Assessment | $2,427,100 |
| Land Assessment | $519,500 | Total Assessment | $2,946,600 |
Property Taxes
Parcel Number
02-11475-01-010
Land Assessment
$519,500
Improvements Assessment
$2,427,100
Total Assessment
$2,946,600
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