340 Highway 10 S - Office FOR SALE


Saint Cloud, MN 56304
$5,519,000 USD
952-924-4600
340 Highway 10 S, Saint Cloud, MN for Sale
$5,519,000 USD
Office - FOR SALE
1/5
null | 8% Cap Rate

340 Highway 10 S
Saint Cloud, MN 56304


HIGHLIGHTS

  • 100% OCCUPANCY - Demonstrates strong demand and consistent revenue generation.
  • PRIME HIGHWAY 10 LOCATION - Excellent visibility and accessibility for tenants and clients.
  • FOUR SEPERATELY PARCELED BUILDINGS - Diversifies risk & allows for future flexibility to execute a break up & sell strategy or sell to potential users
  • PROVEN HISTORICAL OCCUPANCY - Reflects the property’s longterm stability and appeal.
  • TURN-KEY INVESTMENT - Ready to generate immediate income with minimal management effort.
  • QUALITY CONSTRUCTION - All brick buildings with high-end finishes.

OVERVIEW

Four building park with a combined 32,808 square feet of education, child development and office space. The property is 100% occupied by three tenants with net leases and 3% annual increases and management reimbursement. The opportunity provides a buyer with steady long term income as 66% of the space is leased through 2033. The property is well situated at the intersection of Highway 10 and Highway 23 providing convenient access to primary thoroughfares in St. Cloud. Featuring a combined 32,808 square feet of space, the property is 100% occupied by 3 tenants. This opportunity provides a buyer with steady longterm income as 66% percent of the space is leased through 2033. The leases are landlord friendly net leases featuring 3% annual increase and full management reimbursement allowing for an investor to have a third party manage it or have increased cash flow. The office park is well located with visibility and access to a newly reconstructed Highway 10. St. Cloud is 5th largest metro area in Minnesota featuring over 200,000 people. St. Cloud is the county seat of Stearns county and home to St. Cloud State University (10,000 student enrollment) St. Cloud has a diverse and stable job market and has significantly lower cost of living than the Twin Cities.

FOR SALE DETAILS

PRICE

$5,519,000 USD

PRICE/SF

$720 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St. Cloud 4-Building Portfolio

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

4.2 AC

LAND SF

182,952 SF

ZONING

C

APN/PARCEL ID

17.02346.00,17.02346.02,17.02346.03,17.02346.04

ASK ABOUT THIS PROPERTY

Sean DoyleCBREMore Info
952-924-4600

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Sean DoyleCBREMore Info
952-924-4600

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