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Tamarack Hills - Office (E4) 652 Bielenberg Dr 19,536 SF 100% Leased Office Building Woodbury, MN 55125 $5,500,000 ($281.53/SF) 6.64% Cap Rate
INVESTMENT HIGHLIGHTS
- Two Story Office
- Future Gold Line Metro Stop
- Highly Visible Exterior Signage
- Strong daily traffic counts
EXECUTIVE SUMMARY
Prime investment opportunity. Fully leased. Central location with restaurants, shopping, dental and medical clinics.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$138,373
|
$7.08
|
| Operating Expenses |
$140,353
|
$7.18
|
| Total Expenses |
$278,726
|
$14.27
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Taxes | |
|---|---|
| Annual | $138,373 |
| Annual Per SF | $7.08 |
| Operating Expenses | |
|---|---|
| Annual | $140,353 |
| Annual Per SF | $7.18 |
| Total Expenses | |
|---|---|
| Annual | $278,726 |
| Annual Per SF | $14.27 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
19,536 SF
Building Class
B
Year Built
2016
Price
$5,500,000
Price Per SF
$281.53
Cap Rate
6.64%
NOI
$365,398
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,768 SF
Slab To Slab
8’
Building FAR
1.31
Lot Size
0.34 AC
Zoning
C - Commercial
AMENITIES
- 24 Hour Access
- Central Heating
- Direct Elevator Exposure
- Natural Light
- Plug & Play
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 05-028-21-31-0206 | Total Assessment | $4,889,800 (2024) |
| Land Assessment | $466,700 (2024) | Annual Taxes | $138,373 ($7.08/SF) |
| Improvements Assessment | $4,423,100 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
05-028-21-31-0206
Land Assessment
$466,700 (2024)
Improvements Assessment
$4,423,100 (2024)
Total Assessment
$4,889,800 (2024)
Annual Taxes
$138,373 ($7.08/SF)
Tax Year
2025
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Tamarack Hills - Office (E4) | 652 Bielenberg Dr
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