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Brighton Business Center 888 County Road D W 13,500 SF 91% Leased Office Building New Brighton, MN 55112 $950,000 ($70.37/SF)
Investment Highlights
- ? 13,500 GSF office building 91% leased to a diverse tenant roster with high levels of tenant retention
- ? Superior access via the I-35W/County Road D West interchange 2 blocks west and access to I-694 just 2.5 miles to the north
- ? Ownership has continuously improved the asset: most recently adding a new security camera system and digital building directory, network/WiFi update
- ? Simple, gross leases ensure easy management and straight forward lease structure for small businesses, and easy accounting for ownership
- ? Steady cash flow (proving strong attraction from hyper local small business to the building)
- ? 0.72 acre size with B-3 General Business zoning
Executive Summary
Brighton Business Center, (“the Project”) is run like an apartment building. Full service-gross, short-term leases assure flexibility for the landlord and tenants. Successive owners of the Project have retained many of the same tenants for five, even 10 years, highlighting the unique appeal of Brighton Business Center. The asset fits in a unique part of the overall office landscape, filling the need for no-frills, convenient office space where users appreciate a clean, low-cost home for their business and a non-complex lease contract. Current ownership has invested significantly in the Project including repainting the entire exterior, a new camera system, replacement of the HVAC coils, and a new digital tenant directory, all contributing to winning continued renewals and new tenants to the Project. This is a low price point opportunity for buying a well-kept, high-cash-flowing suburban office building that has proven its place in the marketplace, while providing an excellent tax shelter and annual coupon for ownership.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
13,500 SF
Building Class
B
Year Built
1971
Price
$950,000
Price Per SF
$70.37
Percent Leased
91%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,500 SF
Building FAR
0.42
Lot Size
0.74 AC
Zoning
B-3 - General Business
Parking
50 Spaces (3.7 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Aden Care, LLC
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- Finance and Insurance
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American Family Insurance began in 1927 when Herman Wittwer founded Farmers Mutual Automobile Insurance Company in Madison, Wisconsin. Initially serving farmers with auto insurance, the company expanded its offerings and customer base over the decades. By 1963, it became American Family Mutual Insurance Company, reflecting its broader market reach. Today, it provides homeowners, auto, life, business, and farm insurance through independent agents and online channels. The company operates in 19 states and has numerous subsidiaries that support its diverse insurance products and services.
- Asian Mills, Inc.
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- Balsam Home Health Care
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- Best Advantage Mortgage LLC
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- Full Service
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- Biotech USA, LLC
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- Mary Sherman Hill Attorney
- Professional, Scientific, and Technical Services
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- Northern Air Heating and Cooling
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- Real Church
- Services
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- Full Service
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- Twin Cities HomeHealth Care, LLC
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Aden Care, LLC | - | - | - | - | - | |
|
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Finance and Insurance | - | - | - | - | |
| Asian Mills, Inc. | - | - | - | - | - | |
| Balsam Home Health Care | - | - | - | - | - | |
| Best Advantage Mortgage LLC | - | - | - | Full Service | - | |
| Biotech USA, LLC | - | - | - | - | - | |
| Mary Sherman Hill Attorney | Professional, Scientific, and Technical Services | - | - | - | - | |
| Northern Air Heating and Cooling | - | - | - | - | - | |
| Real Church | Services | - | - | Full Service | - | |
| Twin Cities HomeHealth Care, LLC | - | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 105
- 105 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 105 | 105 SF | Office | - | Now |
1st Fl-Ste 105
| Size |
| 105 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 32-30-23-34-0027 | Improvements Assessment | $727,300 |
| Land Assessment | $161,600 | Total Assessment | $888,900 |
Property Taxes
Parcel Number
32-30-23-34-0027
Land Assessment
$161,600
Improvements Assessment
$727,300
Total Assessment
$888,900
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Brighton Business Center | 888 County Road D W