1710 Douglas Dr N - Flex FOR SALE


Golden Valley, MN 55422
$4,950,000 USD
952-924-4600
1710 Douglas Dr N, Golden Valley, MN for Sale
$4,950,000 USD
Flex - FOR SALE
1/26
null | 8.36% Cap Rate

1710 Douglas Dr N
Golden Valley, MN 55422


HIGHLIGHTS

  • Outstanding location on Douglas Drive in Golden Valley, MN just off the Duluth exit on Highway 100 in the 394 Office submarket
  • Quality space for a user to buy and occupy, or considerable value-add opportunity for an investor • 4.17 acre site size currently zoned O/Office
  • Simplicity of gross leases and operates like an apartment building with extremely low-to-no releasing costs
  • Currently 87% leased producing a stable NOI from a core group of tenants with many currently MTM, but have long term tenancy
  • MTM leases ensure flexibility for a user or developer to take advantage of a premier location in the Twin Cities
  • Steady cash flow with ~$779,174 annual 2025 gross income. • Annual 2025 expenses of ~$365,274 or $6.52/SF

OVERVIEW

Golden Valley Corporate Center is an extremely well-located, 56,027 square foot, two-story office building with warehouse/shop space. The property is currently 81% occupied, and all warehouse space is month-to-month and can accommodate an owner-user. 2025 NOI was $413,900. Many tenants have been there for years, but most tenants are on month-to-month leases ensuring flexibility for a user or developer to take advantage of a premier location in the Twin Cities. The building has been renovated throughout ownership and expanded in the 1980s.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

8.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Golden Valley Corporate Center

PROPERTY TYPE

Flex

ADD'L SUBTYPES

undefined, undefined, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

7

PARKING SPACES

106

LAND DETAILS

LAND ACRES

4.17

LAND SF

181,645

ZONING

O / Office

APN/PARCEL ID

28-118-21-32-0077

ASK ABOUT THIS PROPERTY

952-924-4600

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952-924-4600

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