SOLD | Investment Opportunity | 7.5% Cap Rate

This is a well-maintained business center that is 100% occupied with solid tenants. Located on the main thoroughfare from St Cloud to St Joseph, MN with Average Daily Traffic counts of 23,400.  This development consists of eight individual condos that can be sold separately if desired by a new owner. Major renovations were completed in 2018/2019.  Excellent track record with minimal vacancies.  Original developers/owners desire to sell.

Special Features: 
  • Well Maintained
  • Fully Occupied
  • High Traffic Location
  • New LED lighting in all the signs above each suite.
  • All outdoor lighting including the yard lights and soffit lights were replaced with LED.
  • The building was also recently painted  
Address: 
710 County Road 75 E, Saint Joseph, MN
County: 
Stearns
Parcel #: 
Multiple
Land Area: 
1.36 Acres
Topography: 
Level
Size of Building: 
10,800 SF
Type of Construction: 
Masonry
Age: 
Built in 2002
# of Units: 
8
Tenant Mix: 
Prairie River Home Care, HomeTown Title & Abstract (occupies two units), China One, A Thompson & Co., PA, Solar Nails, Medelberg Family Chiropractic and Cost Cutters
Gross Income: 
$174,309
Cash Flow: 
CAP Rate: 
7.5%
Vehicles: 
ADT 23,400
Price: 
$1,300,000 | SOLD BY COLDWELL BANKER COMMERCIAL ORION
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1037