1310 E Highway 96 - Medical FOR SALE


White Bear Lake, MN 55110
$3,900,000 USD
651-354-5637
1310 E Highway 96, White Bear Lake, MN for Sale
$3,900,000 USD
Medical - FOR SALE
1/9
null | 8.64% Cap Rate

1310 E Highway 96
White Bear Lake, MN 55110


HIGHLIGHTS

  • Stabilized Multi-tenant Office Investment Property Totaling 28,818 RSF
  • Recent Capital Improvements Including New HVAC, Parking Lot, Elevator & Common Area Upgrades

OVERVIEW

This offering presents the opportunity to acquire a stabilized multi-tenant office investment property totaling 28,818 rentable square feet with a diversified tenant base consisting of 30 office suites. The property is currently 89.66% occupied with Seller leasing back 5,071 square feet at closing, generating stable in-place cash flow while providing additional upside through the lease-up of the remaining smaller office suites.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

8.64%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Birch Lake Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

112

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

GX-C

APN/PARCEL ID

21-30-22-11-0001

ASK ABOUT THIS PROPERTY

David LundSuntide Commercial Realty, Inc.More Info
651-354-5637

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David LundSuntide Commercial Realty, Inc.More Info
651-354-5637

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