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1711 W County Road B
Roseville, MN 55113
Rosewood Office Plaza · Office Property For Sale
Investment Highlights
- The Rosedale submarket outperforms in the region with strong absorption, new store growth and capital investment.
- The property offers a rare opportunity to acquire an attractive, well-maintained office asset with strong submarket fundamentals.
- With healthy retail and Class B office vacancy of 13.8% the Rosedale submarket is an attractive location for investment.
- The large land parcel and significant existing parking reservoir offer additional value-add development potential.
Executive Summary
Wellington management, inc., as exclusive advisor, is pleased to present an investment opportunity for rosewood office plaza, a 58,094 sf, two building office campus located in Roseville, Minnesota.
Rosewood Office Plaza is currently +/- 99% leased to a diversified roster of high-quality tenants and benefits from an outstanding strategic location on the Highway 36 Corridor
in the Rosedale submarket, providing convenient access to the Twin Cities region’s major business centers.
The Property is a compelling opportunity to acquire an attractive, well-maintained office asset at pricing considerably below its replacement cost with the ability to enhance returns through continued market strengthening, additional leasing, and value add development within a growing and impressively stable regional economy
Rosewood Office Plaza is currently +/- 99% leased to a diversified roster of high-quality tenants and benefits from an outstanding strategic location on the Highway 36 Corridor
in the Rosedale submarket, providing convenient access to the Twin Cities region’s major business centers.
The Property is a compelling opportunity to acquire an attractive, well-maintained office asset at pricing considerably below its replacement cost with the ability to enhance returns through continued market strengthening, additional leasing, and value add development within a growing and impressively stable regional economy
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
58,094 SF
Building Class
B
Year Built
1984
Price
$8,160,600 CAD
Price Per SF
$140.47 CAD
Percent Leased
99%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
29,047 SF
Slab To Slab
11’
Building FAR
0.27
Lot Size
5.02 AC
Parking
306 Spaces (5.27 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Conferencing Facility
- Signage
Property Taxes
| Parcel Number | 09-29-23-43-0002 | Improvements Assessment | $3,563,919 CAD |
| Land Assessment | $2,691,907 CAD | Total Assessment | $6,255,826 CAD |
Property Taxes
Parcel Number
09-29-23-43-0002
Land Assessment
$2,691,907 CAD
Improvements Assessment
$3,563,919 CAD
Total Assessment
$6,255,826 CAD
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