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7037-7039 20th Ave S
Centerville, MN 55038
Office Property For Sale

EXECUTIVE SUMMARY

Excellent location, easy access, ample parking in a professional office complex. This property is attractively built on the exterior and well finished on the interior. Great for owner occupied, or Seller can lease back the property, potential for 7.9% cap, Cash-on-Cash 11.2% with a proposed 5 year lease. Seller will also lease back portion of the building and that provides cash flow to the buyer who wants to occupy half of the building! Contact us for details. Seller will also vacate and sell as this office condo offers desirable finishes, two-level's -1,200 s.f. per floor for a total of 2400 sq ft. The layout has private offices, reception area, conference room, meeting room, large open areas and 2 restrooms. The finishes include beautiful mil-work, solid wood doors, built in's, recessed lighting, conference room, kitchenette, in floor heat, ceramic tiles and carpeted areas. This property also has tremendous visibility, easy access located off 35E at 7037 20th Ave S, Centerville, MN 55308 . The Association Dues are currently $350.00 per month, that includes lawn/snow/trash/exterior maintenance & management. Property is high efficiency to heat and cool. Seller would consider staying and leasing back one half of the property.

PROPERTY FACTS

Property Type Office
Property Subtype
Loft/Creative Space
  • Office Medical
Building Class A
Lot Size 0.06 AC
Rentable Building Area 4,800 SF
No. Stories 2
Year Built/Renovated 2005/2009
Parking Ratio 3.13/1,000 SF
APN / Parcel ID
23-31-22-14-0067
  • 23-31-22-14-0068
Zoning Commercial

AMENITIES

  • 24 Hour Access
  • Security System
  • Signage
  • Skyway
  • Kitchen
  • Central Heating
  • High Ceilings
  • Natural Light
  • Partitioned Offices
  • Reception
  • Recessed Lighting
  • Air Conditioning
  • Listing ID: 14362316

  • Date on Market: 11/12/2018

  • Last Updated:

  • Address: 7037-7039 20th Ave S, Centerville, MN 55038

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