220 Park Ave S - Office FOR SALE


Saint Cloud, MN 56301
$4,640,889 USD
320-267-4576
220 Park Ave S, Saint Cloud, MN for Sale
$4,640,889 USD
Office - FOR SALE
1/30
null | 9% Cap Rate

220 Park Ave S
Saint Cloud, MN 56301


OVERVIEW

CBC Orion Real Estate Advisors are pleased to offer For Sale the Creative Planning Business Services property located in Saint Cloud, MN. The subject property is a single-tenant, 23,688 square foot high quality office building – 100% occupied net leased by Creative Planning Business Services ("Creative Planning"). The investment offers a solid going in Cap Rate of 9% with approx. (4) Four years of lease term remaining on its initial lease term. The lease contains attractive 2.5% annual rental increases, and one-five year renewal option to extend. This property offers qualitied investors a strong rental income stream with rental growth. Property is conveniently located just one block off of 2nd Street (27,000 VPD traffic count) a major retail and business hub. Excellent location with close proximity to major thoroughfares (Highway 23, Hwy 15, 2nd Street & Division Street), major retailers, restaurants and more. Saint Cloud is a MSA serving over 200,000+ and is approximately 60 miles northwest of the Twin Cities. Building consists of one – single story high quality granite/stucco & glass office building consisting of 23,688 SF building on 1.89 acres. The tenant, Creative Planning (S&P BB rating), is one of the largest financial services companies in North America. Creative Planning (f/k/a BerganKDV) has been operating in the building since 2005. Additionally, in 2024 & 2025 the property has undergone substantial property enhancements with over $645,000 invested. Building amenities include high quality office finishes, ample parking at the door (new front & back parking lots in 2024/2025), fully sprinkled, attractive granite & glass exterior, extensive landscaping, and much more. Excellent opportunity to acquire this fully stabilized high quality 100% occupied NNN leased investment property with long term lease in place. Excellent 1031 exchange opportunity. *** Offered For Sale at $4,640,889 | 9% Cap Rate *** Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for Further Details on this Offering (320) 267-4576

FOR SALE DETAILS

PRICE

$4,640,889 USD

PRICE/SF

$196 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KDV

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,003 SF

ZONING

PUD37

APN/PARCEL ID

82.44154.0032,82.46714.0044

ASK ABOUT THIS PROPERTY

Scott M. Schmitt, CCIMCBC ORION REAL ESTATE ADVISORS, INC.More Info
320-267-4576

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Scott M. Schmitt, CCIMCBC ORION REAL ESTATE ADVISORS, INC.More Info
320-267-4576

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