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705 Hillside Ave SW 3,600 SF Office Building Pine City, MN 55063 $539,985 CAD ($150.00 CAD/SF) 8.62% Cap Rate
Executive Summary
3,600 SF - SINGLE-TENANT BLDG CONVENIENT LOCATION
CLOSE TO I-35 - STRONG TENANT IN PLACE SINCE 2013 -
2 YEARS REMAINING ON TERM
NEW FURNACE IN 2019
NEW A/C IN 2019
REMODEL FRONT ELEVATION 2022
PARKING LOT SEAL COATING 2020
NEW SIDING AND WINDOWS 2024
BUILDING REMODELED FOR TENANT 2013
CLOSE TO I-35 - STRONG TENANT IN PLACE SINCE 2013 -
2 YEARS REMAINING ON TERM
NEW FURNACE IN 2019
NEW A/C IN 2019
REMODEL FRONT ELEVATION 2022
PARKING LOT SEAL COATING 2020
NEW SIDING AND WINDOWS 2024
BUILDING REMODELED FOR TENANT 2013
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$68,899
|
$33.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$68,899
|
$33.14
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$22,353
|
$10.75
|
| Net Operating Income |
$46,547
|
$22.39
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $68,899 |
| Annual Per SF | $33.14 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $68,899 |
| Annual Per SF | $33.14 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,353 |
| Annual Per SF | $10.75 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $46,547 |
| Annual Per SF | $22.39 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,600 SF
Building Class
C
Year Built/Renovated
1980/2013
Price
$539,985 CAD
Price Per SF
$150.00 CAD
Cap Rate
8.62%
NOI
$46,547 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,800 SF
Building FAR
0.46
Lot Size
0.18 AC
Opportunity Zone
Yes
Parking
10 Spaces (2.78 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Property Taxes
| Parcel Number | 042.0282.000 | Improvements Assessment | $330,289 CAD (2025) |
| Land Assessment | $101,975 CAD (2025) | Total Assessment | $432,264 CAD (2025) |
Property Taxes
Parcel Number
042.0282.000
Land Assessment
$101,975 CAD (2025)
Improvements Assessment
$330,289 CAD (2025)
Total Assessment
$432,264 CAD (2025)
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705 Hillside Ave SW
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