7601 Wayzata Blvd - Office FOR SALE


Saint Louis Park, MN 55426
$2,650,000 USD
612-708-2631
7601 Wayzata Blvd, Saint Louis Park, MN for Sale
$2,650,000 USD
Office - FOR SALE
1/8
null | 8.17% Cap Rate

7601 Wayzata Blvd
Saint Louis Park, MN 55426


OVERVIEW

Impossible to find 8+ cap property with an incredible tenant on a NNN lease with 6+ years remaining. Optum fully occupies this property with their premier mental health brand. They handle taxes, insurance, and maintenance directly, creating an amazing hands-free ownership opportunity with one of the most stable tenants possible. Near Louisiana Ave and Interstate 394, this location is easily accessible from various parts of the metro area, including being a few minutes from downtown and a few minutes from the outer ring suburbs. The surrounding area is densely populated and has a robust trade area that includes luxury car dealerships, retail stores, and complementary healthcare services. The location is a highly visible and heavily trafficked area of one of the Twin Cities most desirable suburbs.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$315 USD /SF

CAP RATE

8.17%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

C2

APN/PARCEL ID

05-117-21-32-0051

ASK ABOUT THIS PROPERTY

Tyler Van EpsRYZO Commercial RealtyMore Info
612-708-2631

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

Tyler Van EpsRYZO Commercial RealtyMore Info
612-708-2631

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