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St. Cloud Portfolio - 100% Occupied 4 Office Properties Offered at $5,600,000 in Saint Cloud, MN
INVESTMENT HIGHLIGHTS
- 100% OCCUPIED - Three tenants, each with significant lease term still remaining, demonstrates strong demand and consistent revenue generation.
- PRIME HIGHWAY 10 LOCATION - Excellent visibility and accessibility for tenants and clients.
- LONG TERM LEASE - Roughly 65% of the buildings are occupied by a long term lease with Reach-Up Head Start.
- PROXIMITY TO UNIVERSITY - St. Cloud state university nearby with over 10,000 students enrolled.
- FOUR-BUILDING PORTFOLIO - Diversifies risk and provides economies of scale.
- FASTEST-GROWING METRO AREAS - St. Cloud is one of Minnesota’s fastest-growing metro areas with a population of 72,000 people.
EXECUTIVE SUMMARY
Featuring a combined 32,808 square feet of space, the property is 100% occupied by 3 tenants. This opportunity provides a buyer with steady longterm income as 66% percent of the space is leased through 2033. The leases are landlord friendly net leases featuring 3% annual increase and full management reimbursement allowing for an investor to have a third party manage it or have increased cash flow. The office park is well located with visibility and access to a newly reconstructed Highway 10. St. Cloud is 5th largest metro area in Minnesota featuring over 200,000 people.
St. Cloud is the county seat of Stearns county and home to St. Cloud State University (10,000 student enrollment) St. Cloud has a diverse and stable job market and has significantly lower cost of living than the Twin Cities.
St. Cloud is the county seat of Stearns county and home to St. Cloud State University (10,000 student enrollment) St. Cloud has a diverse and stable job market and has significantly lower cost of living than the Twin Cities.
PROPERTY FACTS
| Price | $5,600,000 | Number of Properties | 4 |
| Price / SF | $171.81 / SF | Individually For Sale | 0 |
| Cap Rate | 7.65% | Total Building Size | 32,594 SF |
| Sale Type | Investment | Total Land Area | 6.87 AC |
| Status | Active |
| Price | $5,600,000 |
| Price / SF | $171.81 / SF |
| Cap Rate | 7.65% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 32,594 SF |
| Total Land Area | 6.87 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 350 Highway 10 S, Saint Cloud, MN 56304 | Office | 14,500 SF | 1979 | - |
| 340 Highway 10 S, Saint Cloud, MN 56304 | Office | 7,660 SF | 1980 | - |
| 358 US 10, Saint Cloud, MN 56304 | Office | 5,378 SF | - | - |
| 1250 Johnson Rd, Saint Cloud, MN 56304 | Office | 5,056 SF | - | - |
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St. Cloud Portfolio - 100% Occupied
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