Commercial Buildings Available In · • 2019 Real Estate Taxes $20,670.00. Building neighbors...
10
Commercial Buildings Available In
Transcript of Commercial Buildings Available In · • 2019 Real Estate Taxes $20,670.00. Building neighbors...
Commercial Buildings
Available In
FOR SALE | $4,128,500
Property Description:
Legacy Park Sartell1900 Medical Arts Ave | Sartell, MN 56377
This 22,597 square foot professional office building is comprised of high design office space on two floors plus Mezzanine. It is perfectly located in the center of Sartell’s professional office and medical district; one block east of the well-travelled and highly visible Connecticut Avenue South & Dehler Drive. This attractive decorative brick and stucco building enjoys ample parking on the 75,830 square foot Lot it occupies. Immediately adjacent to the building are the two vacant lots ready for additional development.
Kate Hanson320.420.6485
Jean Cushman320.248.0509
Property Details
2
Building: • Address is 1900 Medical Arts Ave South, Sartell, MN 56387.• Construction was completed in 2006 for the owner occupant who occupied all of
second floor and approximately ½ of the main floor.• 23,598 Total Gross Square Footprint including the Mezzanine.• 22,597 RSF / 20,681 USF on Two Floors.• Stearns County Parcel ID 92.57044.0909.• 2018 Estimated Tax Value – $2,213,700.• 2018 Real Estate Taxes – $85,724.00.• Main Floor Vacancy – 9,657 RSF.
Lot 2: • Primary Address is 154 Dehler Drive, Sartell, MN 56387.• 76,410 Square Feet of “build ready” land (southeast of the Building).• Parcel ID 92.57044.0910.• 2018 Estimated Tax Value – $420,300.• 2018 Real Estate Taxes – $16,446.00.
Lot 3: • Primary Address is 1904 Kruchten Court South, Sartell, MN 56387.• 43,120 Square Feet of “build ready” land.• Parcel ID 92.57044.0912.• 2018 Estimated Tax Value – $237,200.00.• 2018 Real Estate Taxes - $7,180.00.
Disclaimer: *All materials and information received or derived from Granite City Real Estate, LLC (GCRE), its directors, officers, agents, advisors, affiliates and/or any third party sources are without representation or warranty as to completeness, veracity, or accura-cy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property, for any party’s intended use or any and all other matters. Neither GCRE its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters or significance to such party. GCRE will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. GCRE makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. GCRE does not serve as a financial advisor to any party regarding any proposed transactions. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by GCRE in compliance with all applicable fair housing and equal opportunity laws.
Building
Lot 2
Lot 3
CH Robinson Worldwide, INC.C.H. Robinson is a Fortune 500 provider of multimodal transportation services and third-party logistics. The company offers freight transportation, transportation management, brokerage and warehousing. It offers truckload, less than truckload, air freight, intermodal, and ocean transpor-tation. It trades on NASDAQ and is headquartered in Eden Prairie, MN. In 2017 CH Robinson Worldwide employed 15,074 people, 98 of these employees work in this building.
Suite 101 consists of 4,611 RSF. It’s current “vanilla shell’ condition has windows on three sides and it enjoys 3 entrances; one exclusive vestibule entrance, one located near the common lobby and one which provides access to the two shared multi stalled restrooms. Suite 100 consists of 5,046 RSF / 4,618 USF. It is currently finished and ready for occupancy. The current floor plan can be seen on page 4.
Executive Summary & Tenant Breakdown
3
Property Highlights:• Located near Highway 15, Connecticut Ave & Dehler Drive, Health
Partners Regional Clinic, St. Cloud Orthopedics, St. Scholastica, CentraCare Plaza and Epic Center, Sartell.
• Building Amenities include: second story balcony, outdoor picnic area, elevator, key pad access system, fully sprinkled fire suppres-sion system and great glass lines.
• The Second story complete remodel was completed in September 2018.
Financials: • Verifiable operating data indicates the current net operating income
(NOI) of approximately $144,587.50 not including potential income from vacancy. Potential NOI $270,128.50.
• Operating Expenses are collected for the 1,374 USF mezzanine. • Complete financial Data is available to qualified buyers.
Building Tenants:• C.H Robinson Worldwide, Inc; 11,597 Square Feet plus 1,374 square
foot mezzanine.
Floor Plans
Mezzanine
4
1st Floor 2nd Floor
Additional Photos
5
3900 Roosevelt Road #125 | St. Cloud, MN 56301Office: 320.253.003 Fax: 320.253.006www.granitecityproperties.com
Aerials
Kate Hanson320.420.6485
6
Jean Cushman320.248.0509
Building
Lot 2
Lot 3
This information has been obtained from the property owner or other sources that we deem reliable.However, neither the owner, nor Granite City Real Estate LLC guarantees the accuracy of such information.
3900 Roosevelt Road #125St.Cloud, MN 56301320.253.0003www.gcremn.com
FOR SALE/LEASE |
Frugals50 Co Rd 120 | St. Cloud, MN 56303
• 920 SF restaurant space available on .48 acre.• Retails in the development include Hardee’s, Taco Johns, Interstate Batteries, Great Clips, Verizon Wire-
less, Jimmy John’s with anchor Tenant of Wal-Mart and Sam’s Club.• The only privately owned lot in the development.• This area is referred to as the “hub of Minnesota” because of its central location and confluence of major
Highway 10, 15 & 23 coverage and provides easy access to both the Twin Cities metro and cities further north. Development is strategically located on Highway 15 and is surrounded by the communities of Sar-tell, St. Cloud and Sauk Rapids.
• Lease Price does not include operating expenses and utilities.• Seller would entertain Contract for Deed term (Equipment List available upon request).
*includes land, building and equipment.
Description
Kate Hanson, CCIM [email protected]
*RATES*Sale Price: $719,000
Lease Rate: $4,000 PER MONTH
SEE RATESBELOW
Floor Plan & Aerial
This information has been obtained from the property owner or other sources that we deem reliable.However, neither the owner, nor Granite City Real Estate LLC guarentees the accuracy of such information.
This information has been obtained from the property owner or other sources that we deem reliable.However, neither the owner, nor Granite City Real Estate LLC guarentees the accuracy of such information.
58 South 10th AveWaite Park, MN 56387320.253.0003www.granitecityproperties.com
Kate Hanson320.420.6485
Pinecone Condos2395 Troop Drive | Sartell, MN 56377
• 3,453 RSF of main floor space and 1,228 RSF of mezzanine space. • Open layout, private offices/treatment rooms, employee lounge and waiting room. • Beautiful glass line provides plenty of natural light. • Quality Construction provides exceptional energy efficiency. • Located ½ mile west of Highway 15 with excellent visibility from Pine Cone Road. • $20,000 tenant improvement allowance/moving allowance, for qualified tenant. • Suite is separately meter and tenant pays for utilities. • Reduced rental rate for mezzanine. • Estimated 2019 CAM is $2.32 RSF. • 2019 Real Estate Taxes $20,670.00.
Building neighbors include Lawson Family Dental and Country Financial. Looking out past Pinecone Road, business include Sta-Fit, Opportunity Matters and Trinity Logistics. Additional users in the immediate neighborhood include Boy Scouts of America, banking facilities, restaurants, Coborn’s Superstore and Chateau Waters new housing development.
Medical Clinic or Office Space
FOR SALE/LEASE | $559,410/$13 RSF NNN
