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Eastgate II 425 E Saint Germain St 19,200 SF 74% Leased Office Building Saint Cloud, MN 56304 $2,802,120 CAD ($145.94 CAD/SF) 5.75% Cap Rate
Investment Highlights
- High traffic corner location
- Lots of free on site parking 170 plus cars
- Lots of natural light/ elevator/beautiful exterior/can be bundled with two additional buildings
Executive Summary
can be combined with 451 and 22 building. total sq ft 59800. Annual income $700,000.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$404,906
|
$18.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$72,855
|
$3.36
|
| Effective Gross Income |
$332,051
|
$15.30
|
| Taxes |
$35,587
|
$1.64
|
| Operating Expenses |
$79,860
|
$3.68
|
| Total Expenses |
$115,447
|
$5.32
|
| Net Operating Income |
$216,604
|
$9.98
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $404,906 |
| Annual Per SF | $18.66 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $72,855 |
| Annual Per SF | $3.36 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $332,051 |
| Annual Per SF | $15.30 |
| Taxes (CAD) | |
|---|---|
| Annual | $35,587 |
| Annual Per SF | $1.64 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $79,860 |
| Annual Per SF | $3.68 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $115,447 |
| Annual Per SF | $5.32 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $216,604 |
| Annual Per SF | $9.98 |
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Building Size
19,200 SF
Building Class
B
Year Built
2004
Price
$2,802,120 CAD
Price Per SF
$145.94 CAD
Cap Rate
5.75%
NOI
$161,122 CAD
Percent Leased
74%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,600 SF
Slab To Slab
11’
Building FAR
0.22
Lot Size
2.00 AC
Opportunity Zone
Yes
Zoning
PUD Commercial - Building can be added to two additional office buildings. 10710 sq ft 100%leased, and29000. sq ft office 98% leased. Price for all 3 buildings $4, mil
Parking
170 Spaces (8.85 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Conferencing Facility
- Property Manager on Site
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Artoss
- Professional, Scientific, and Technical Services
- 1,229 SF
- $18.21 CAD
- Triple Net
- Jul 2030
- Cor-Vanna Service
- Health Care and Social Assistance
- 9,600 SF
- $12.61 CAD
- Triple Net
- Jul 2030
- Health Max
- Health Care and Social Assistance
- 1,112 SF
- $18.21 CAD
- Triple Net
- May 2030
- Healthmax Home Health Care Services
- Health Care and Social Assistance
- -
- -
- -
- -
- VK Caribbean Groceries
- -
- -
- -
- Single Net
- Apr 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Artoss | Professional, Scientific, and Technical Services | 1,229 SF | $18.21 CAD | Triple Net | Jul 2030 | |
| Cor-Vanna Service | Health Care and Social Assistance | 9,600 SF | $12.61 CAD | Triple Net | Jul 2030 | |
| Health Max | Health Care and Social Assistance | 1,112 SF | $18.21 CAD | Triple Net | May 2030 | |
| Healthmax Home Health Care Services | Health Care and Social Assistance | - | - | - | - | |
| VK Caribbean Groceries | - | - | - | Single Net | Apr 2026 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 17.00426.00 | Total Assessment | $1,221,132 CAD |
| Land Assessment | $259,666 CAD | Annual Taxes | $35,587 CAD ($1.85 CAD/SF) |
| Improvements Assessment | $961,466 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
17.00426.00
Land Assessment
$259,666 CAD
Improvements Assessment
$961,466 CAD
Total Assessment
$1,221,132 CAD
Annual Taxes
$35,587 CAD ($1.85 CAD/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Eastgate II | 425 E Saint Germain St
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