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121 23rd Ave SW 28,075 SF 100% Leased Retail Building Rochester, MN 55902 $9,276,832 CAD ($330.43 CAD/SF) 6.70% Cap Rate
Investment Highlights
- A credit national tenants
- Fantastic location with room to add more rentable sf to the site
- Long term leases
Executive Summary
100% occupied. New 10 year lease on 23,000 SF.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
28,075 SF
Building Class
C
Year Built/Renovated
2002/2023
Price
$9,276,832 CAD
Price Per SF
$330.43 CAD
Cap Rate
6.70%
NOI
$621,548 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.32
Lot Size
2.00 AC
Parking
65 Spaces (2.32 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,447,868 CAD | |
| Land Assessment | $1,196,832 CAD | Total Assessment | $8,644,700 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,196,832 CAD
Improvements Assessment
$7,447,868 CAD
Total Assessment
$8,644,700 CAD
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121 23rd Ave SW
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