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Thrifty White 202 S 2nd Ave 3,000 SF Office Building Virginia, MN 55792 $1,723,058 CAD ($574.35 CAD/SF) 10.50% Cap Rate
Investment Highlights
- Attractive Entry-Level Price Point Paired with a High Capitalization Rate: Offers investors an accessible purchase opportunity with strong initial yie
- Proximity to Government and Financial Services: Located less than half a mile from a U.S. Bank branch and a St. Louis County Government Services Cente
- Tenant recently renewed a five-year option: Tenant has demonstrated commitment to the site through recently renewing a five-year option that commences
- Prominent Hard-Corner Location: Strategically positioned at a signalized intersection, enhancing visibility, accessibility, and daily drive-by exposur
- Close to Key Educational Institution: Just ±0.6 miles from North Star Elementary School, contributing to steady neighborhood foot traffic and supporti
Executive Summary
Broker of Record
Brian Brockman
License # 40628603 (MN)
Bang Realty, Inc.
2939 Vernon Place Cincinnati OH 45219
(866) 889-0550
Brian Brockman
License # 40628603 (MN)
Bang Realty, Inc.
2939 Vernon Place Cincinnati OH 45219
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,000 SF
Building Class
B
Year Built
1936
Price
$1,723,058 CAD
Price Per SF
$574.35 CAD
Cap Rate
10.50%
NOI
$180,921 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,000 SF
Building FAR
0.33
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
COMM
Parking
10 Spaces (3.33 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 090001006780 | Improvements Assessment | $142,094 CAD |
| Land Assessment | $3,419 CAD | Total Assessment | $145,513 CAD |
Property Taxes
Parcel Number
090001006780
Land Assessment
$3,419 CAD
Improvements Assessment
$142,094 CAD
Total Assessment
$145,513 CAD
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Thrifty White | 202 S 2nd Ave
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