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4510 Heatherwood Rd 77,434 SF Office Building Saint Cloud, MN 56301 $10,855,999 CAD ($140.20 CAD/SF) 6.83% Cap Rate
Investment Highlights
- Along I-94
- 48,934 sf office/28,500 sf warehouse
Executive Summary
The property is currently occupied by Marco with 10 years remaining on their initial lease along with 4-5 year renewal options. The lease features a triple net structure with tenant being responsible for everything except roof and structural replacement.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
77,434 SF
Building Class
A
Year Built
2012
Price
$10,855,999 CAD
Price Per SF
$140.20 CAD
Cap Rate
6.83%
NOI
$741,412 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
38,717 SF
Slab To Slab
10’
Building FAR
0.25
Lot Size
7.20 AC
Zoning
C
Parking
100 Spaces (1.29 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Controlled Access
- Central Heating
- Air Conditioning
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Property Taxes
| Parcel Number | 82.47625.0226 | Improvements Assessment | $9,129,373 CAD |
| Land Assessment | $1,068,997 CAD | Total Assessment | $10,198,371 CAD |
Property Taxes
Parcel Number
82.47625.0226
Land Assessment
$1,068,997 CAD
Improvements Assessment
$9,129,373 CAD
Total Assessment
$10,198,371 CAD
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4510 Heatherwood Rd
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