Fully Leased Professional Office Building |7.5% Cap Rate | SOLD

This is a very attractive professional office building with a high visibility location on Highway 10 South,  just off the exit ramp to Highway 23.  Building is in excellent condition throughout, nicely landscaped, and numerous upgrades.  Main floor consists of a reception area, large custom built conference room with high end AV system, two private offices, open concept seating and custom cubical office furnishings and a private kitchen/breakroom.  There is also a secure server room and ample storage. 

Special Features: 
  • High traffic location with great visibility and exposure.
  • New carpet, flooring and paint in majority of the building.
  • Two suites completely remodeled in 2015
  • Fiber Optic Cable run to the building in 2016
  • 7.5% Cap Rate based on 2016 Projected Net Operating Income
Address: 
330 Highway 10 South, St. Cloud, MN.
County: 
Benton
Land Area: 
Approx. 1 acres +/-. Adjacent 27,000 sq ft lot available for future expansion at $5/SF.
Size of Building: 
11,324 SF. Two story building. Main floor 5,662 SF, Lower level 5,662 SF.
Age: 
Built in 1980
Parking: 
Approximately 50 cars
Traffic Counts: 
Average Daily Traffic of 24,500 (MNDOT 2014)
Real Estate Taxes: 
$21,106 (2016)
Price: 
Was $895,000 NOW $805,000 | SOLD
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2016 projected operating statement1.pdf165.74 KB
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