11725 Stinson Ave - Schools FOR SALE


Chisago City, MN 55013- Chisago Outlying Northern Suburbs
$3,000,000 USD
612-819-0706
11725 Stinson Ave, Chisago City, MN for Sale
$3,000,000 USD
Schools - FOR SALE
1/2
null | 8.33% Cap Rate

11725 Stinson Ave
Chisago City, MN 55013
Chisago Outlying Northern Suburbs


HIGHLIGHTS

  • Classical Christian Academy serving the Twin Cities adolescents in need for a great education vs the public schools
  • Growth of student housing up to 80-100 students on site possible with expansion of showers
  • Awareness and support for mental health/addiction impacts on education

OVERVIEW

Veritas Classical Christian Academy seeking a Buyer/Investor for a sale leaseback for the school to continue in the prior Fairview Hospital building. There is additional space for leasing up to synergistic tenants. 115,000 sq ft building that provides student dormitory and meals for Junior High and Senior High students. **Sale price to be in partnership/sharing with the current owner to create a future value based upon increased student enrollment and NOI. The structure to be determined between Buyer and Seller and goal is to generate a valuation of $8M or more.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$26 USD /SF

CAP RATE

8.33%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

PSP-F

APN/PARCEL ID

13-00003-02,13-00003-05

ASK ABOUT THIS PROPERTY

Michael PalmPalm Commercial BrokerageMore Info
612-819-0706

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Michael PalmPalm Commercial BrokerageMore Info
612-819-0706

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.