200 14th Ave E - Office FOR SALE


Sartell, MN 56377
$5,000,000 USD
320-253-0003
200 14th Ave E, Sartell, MN for Sale
$5,000,000 USD
Office - FOR SALE
1/14
null | 7.84% Cap Rate

200 14th Ave E
Sartell, MN 56377


OVERVIEW

Located in the City of Sartell and is considered a suburban location. The City of Sartell is located in southwest Benton County , about 4 miles northwest of the St Cloud Central Business District. The property has great access from US Highway 10 and State Highway 15. Net leased investment property. Jefferson Capital Systems moved into the building in June of 2023 and the current lease runs through March of 2032, followed by two renewal options of five years each. Investment Highlights Building Size: 34,312 SF Cap Rate: 7.84% NOI: $392,160 Price/SF: $146 Occupancy: 100% (Single Tenant) Lease Term: Through March 2032 + (2) five-year renewal options Built: 1998 (originally a build-to-suit call center) Building Class: C Office Tenant Overview Tenant: Jefferson Capital Systems Use: Office / Call Center Headquarters Lease Start: June 2023 Lease Expiration: March 2032 Renewal Options: Two five-year extensions Structure: NNN-style lease (strong credit tenant) Location Highlights City: Sartell, MN (St. Cloud MSA – population 204,000) Proximity: 4 miles northwest of St. Cloud CBD Access: Excellent access to US Highway 10 and State Highway 15 Nearest Airport: 10 miles Market Type: Suburban / Medium Density Average Household Income: $97,766 Median Household Income: $76,214 Property Summary Lot Size: 7.5 Acres (1,100 ft frontage × 400 ft depth) Zoning: I1 – Industrial Construction: Masonry/concrete walls; wood/steel structure; slab on grade Ceiling Height: 8 ft Restrooms: 4 Utilities: Xcel Energy (gas/electric), City of Sartell (water/sewer) Parking & Access Type: Surface Spaces: 262 Ratio: 10.0 / 1,000 SF Condition: Asphalt, average ADA Access: Yes Amenities Two full kitchens Backup generator Two-stall attached garage Loading dock Fitness and yoga room Vending area Basement storage (9,440 SF) Landscaped business-campus setting

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

7.84%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

7.5 AC

LAND SF

326,700 SF

ZONING

Office

APN/PARCEL ID

18.00032.32

ASK ABOUT THIS PROPERTY

Mike BobickSVN | GC Real EstateMore Info
320-253-0003

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Mike BobickSVN | GC Real EstateMore Info
320-253-0003

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