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360 Sherman St
Saint Paul, MN 55102
Fort Road Medical Building · Office Property For Sale
Investment Highlights
- Located near United Hospital and Children’s Hospital, creating strong healthcare demand.
- Energy-efficient systems and LED lighting upgrades reduce operating costs while boosting sustainability.
- Features a diverse tenant roster, including healthcare providers, a credit union, and community-based organizations.
- Generates additional revenue through an independently operated parking facility.
Executive Summary
This five-story building spans nearly 64,000 SF on a 0.99-acre site and features a diverse tenant mix, including primary care and behavioral health providers, a professional credit union, and community-focused services. The property offers extensive on-site amenities such as a coffee shop, a newly constructed full-service restaurant, and 24-hour access with controlled security.
Recent capital improvements totaling over $1 million significantly enhance operational efficiency and attractiveness. These include a full buildout of a high-end restaurant, LED lighting upgrades, energy-efficiency enhancements, mechanical system improvements, and tenant buildouts. Additionally, the successful property tax appeal has reduced annual expenses, driving stabilized operating costs and improving net income.
Recent capital improvements totaling over $1 million significantly enhance operational efficiency and attractiveness. These include a full buildout of a high-end restaurant, LED lighting upgrades, energy-efficiency enhancements, mechanical system improvements, and tenant buildouts. Additionally, the successful property tax appeal has reduced annual expenses, driving stabilized operating costs and improving net income.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
63,939 SF
Building Class
B
Year Built
1981
Price
$6,050,100 CAD
Price Per SF
$94.62 CAD
Percent Leased
83%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
12,845 SF
Slab To Slab
12’
Building FAR
1.48
Lot Size
0.99 AC
Zoning
T-2 - Traditional Neighborhood
Parking
37 Spaces (0.74 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Banking
- Controlled Access
- Food Service
- Property Manager on Site
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $8,000,094 CAD | |
| Land Assessment | $2,205,447 CAD | Total Assessment | $10,205,540 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,205,447 CAD
Improvements Assessment
$8,000,094 CAD
Total Assessment
$10,205,540 CAD
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