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Birch Lake Professional Building 1310 E Highway 96 28,818 SF 89% Leased Office Building White Bear Lake, MN 55110 $5,487,300 CAD ($190.41 CAD/SF) 8.64% Cap Rate
Investment Highlights
- Stabilized Multi-tenant Office Investment Property Totaling 28,818 RSF
- Recent Capital Improvements Including New HVAC, Parking Lot, Elevator & Common Area Upgrades
Executive Summary
This offering presents the opportunity to acquire a stabilized multi-tenant office investment property totaling 28,818 rentable square feet with a diversified tenant base consisting of 30 office suites. The property is currently 89.66% occupied with Seller leasing back 5,071 square feet at closing, generating stable in-place cash flow while providing additional upside through the lease-up of the remaining smaller office suites.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
28,818 SF
Building Class
C
Year Built/Renovated
1979/2019
Price
$5,487,300 CAD
Price Per SF
$190.41 CAD
Cap Rate
8.64%
NOI
$473,927 CAD
Percent Leased
89%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,409 SF
Slab To Slab
12’
Building FAR
0.31
Lot Size
2.13 AC
Zoning
GX-C - General Mix Corridors
Parking
112 Spaces (3.89 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Monument Signage
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Trillium Driver Solutions
- Professional, Scientific, and Technical Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Trillium Driver Solutions | Professional, Scientific, and Technical Services | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Executive Office Suite
- 1st Fl-Ste 107
- 1,070 SF
- Office
- -
- Now
- 1st Fl-Ste 118
- 1,681 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 600 SF | Office | - | Now |
| 1st Fl-Ste 103 | 634 SF | Office/Medical | - | Aug 2026 |
| 1st Fl-Ste 104 D | 350 SF | Office/Retail | - | Now |
| 1st Fl-Ste 107 | 1,070 SF | Office | - | Now |
| 1st Fl-Ste 118 | 1,681 SF | Office | - | Now |
| 2nd Fl-Ste 200/202 | 350-2,409 SF | Office | - | 30 Days |
1st Fl-Ste 100
| Size |
| 600 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 103
| Size |
| 634 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| - |
| Available |
| Aug 2026 |
1st Fl-Ste 104 D
| Size |
| 350 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 107
| Size |
| 1,070 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 118
| Size |
| 1,681 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 200/202
| Size |
| 350-2,409 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| 30 Days |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 100
| Size | 600 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 103
| Size | 634 SF |
| Space Use | Office/Medical |
| Build-Out | - |
| Available | Aug 2026 |
1st Fl-Ste 104 D
| Size | 350 SF |
| Space Use | Office/Retail |
| Build-Out | - |
| Available | Now |
Executive Office Suite
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 200/202
| Size | 350-2,409 SF |
| Space Use | Office |
| Build-Out | - |
| Available | 30 Days |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 21-30-22-11-0001 | Improvements Assessment | $2,297,706 CAD |
| Land Assessment | $1,312,185 CAD | Total Assessment | $3,609,892 CAD |
Property Taxes
Parcel Number
21-30-22-11-0001
Land Assessment
$1,312,185 CAD
Improvements Assessment
$2,297,706 CAD
Total Assessment
$3,609,892 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Birch Lake Professional Building | 1310 E Highway 96
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