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7656 Design Dr 5,806 SF 100% Leased Office Building Baxter, MN 56425 $899,000 ($154.84/SF) 8.23% Cap Rate



INVESTMENT HIGHLIGHTS
- Office Building Investment!
- See Agent for Rent Roll & Proforma!
- 8.2% Cap Rate!
- $24,000 in Building Improvements!
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Central Heating
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
It all began in a small garage in 1949 with two hard-working Midwesterners – John Bolton & Martin Menk. They saw people in their surrounding communities who had dreams of a bright future, a desire to grow, and a common challenge of aging infrastructure. John and Martin’s goal was to help communities make progress by listening to what people want, finding the best solutions for their needs, and treating them right. Their legacy lives on. Two men in suits and hats stand before a small brick building labeled Bolton & Menk Engineers. Emphasizing their commitment to infrastructure solutions, the scene, set in a past era, includes a door, windows, and a nearby shrub. They believe all people should live in safe, sustainable, and beautiful communities. Infrastructure systems are fundamentally linked to the extent to which communities are able to thrive. Infrastructure systems serving thriving communities are developed through embracing a diversity of people, thoughts, and experiences.
HearingLife is a national hearing care company founded in 1904 and headquartered in Somerset, New Jersey. The organization operates more than 650 hearing centers across 42 states, including its Manlius, New York location. HearingLife specializes in diagnostic hearing evaluations, hearing aid fittings, and long-term audiological care. The company is part of the Demant Group, a global leader in hearing healthcare that also owns brands such as Oticon, Bernafon, and Sonic. HearingLife employs licensed audiologists and hearing instrument specialists to deliver personalized care and advanced hearing technology. The company is privately held and emphasizes a results-oriented approach to hearing health through professional expertise and comprehensive aftercare programs.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Professional, Scientific, and Technical Services | - | - | - | - | |
|
Health Care and Social Assistance | - | - | Triple Net | - |
PROPERTY TAXES
| Parcel Number | 031870020010009 | Improvements Assessment | $385,500 |
| Land Assessment | $89,200 | Total Assessment | $474,700 |
PROPERTY TAXES
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7656 Design Dr
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