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975 34th Ave NW - Northwest Gateway Office Building 15,021 SF Office Condo Unit Offered at $3,500,000 in Rochester, MN 55901
INVESTMENT HIGHLIGHTS
- Strong WALT of 4.47 Years
- Strong Tenant Mix Including National and Established Local Businesses
- Class A Construction Finishes and Glass Lines
PROPERTY FACTS
| Total Building Size | 29,252 SF | Typical Floor Size | 7,313 SF |
| Property Type | Year Built | 2005 | |
| Building Class | A | Lot Size | 1.44 AC |
| Floors | 4 | Parking Ratio | 2.7/1,000 SF |
| Zoning | Commercial | ||
| Total Building Size | 29,252 SF |
| Property Type | |
| Building Class | A |
| Floors | 4 |
| Typical Floor Size | 7,313 SF |
| Year Built | 2005 |
| Lot Size | 1.44 AC |
| Parking Ratio | 2.7/1,000 SF |
| Zoning | Commercial |
AMENITIES
- Controlled Access
- Signage
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
1 UNIT AVAILABLE
Unit 3 & 4
| Unit Size | 15,021 SF | Sale Type | Investment |
| Price | $3,500,000 | Cap Rate | 7.43% |
| Price Per SF | $233.01 | NOI | $260,050 |
| Condo Use | Office | No. Parking Spaces | 79 |
| Unit Size | 15,021 SF |
| Price | $3,500,000 |
| Price Per SF | $233.01 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 7.43% |
| NOI | $260,050 |
| No. Parking Spaces | 79 |
DESCRIPTION
The project is comprised of two floors of an office building located at the intersection of US Highway 14 West and West Circle Drive.
The units are 100% leased to creditworthy tenants, which benefit from ample signage opportunities available on the building. The units are 100% composed of office buildouts, including major renovations completed in tenant suites in 2024 & 2025.
SALE NOTES
This investment offering comprises the 3rd and 4th floor condominium units at the Northwest Gateway Office Tower, located at the primary west entrance to Rochester MN at the intersection of US Highway 14 and West Circle Drive, just minutes from the Mayo Clinic. The opportunity contains long term leases to creditworthy professional tenants, delivering a stable income stream. The property’s high-visibility location in Rochester’s expanding West Circle Drive corridor ensures strong tenant demand and consistent leasing performance.
Positioned to benefit from Rochester’s economic growth, driven by the Mayo Clinic’s Bold Forward Unbound project, the property is expected to see increased demand for Class A office space and long-term value appreciation.
The Northwest Gateway Office Tower offers prominent signage opportunities and exceptional accessibility, distinguishing it as a unique investment in a market with limited comparable assets.
For additional details or to arrange a tour, please contact us.
CONTACTS
-
Paul Aronhalt -
Jeff Brown -
AJ Hawkins -
Grant Parrish -
North Rock Real Estate, LLC
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975 34th Ave NW - Northwest Gateway Office Building
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