1710 Douglas Dr N - Business Park 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
Business Park - 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

$88 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

PROPERTY SUBTYPE

Business Park

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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