3315 Roosevelt Road, Saint Cloud, MN 56301
Well-finished office condominium in Plum Creek Business Park with NNN leases and rent escalators.
- Added:
- Jun 25, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 27 at 2:44 am
Property Features for 3315 Roosevelt Road
General Information
- Standard status
- Active
- Size
- 18,322 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing office SVN GC Real Estate (320) 290-6535
Listing date Jun 25, 2026
Source Svngcre
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HighLights
- 18,322 SF office condominium package in the Plum Creek Business Park
- Built in 2007 and renovated in 2015
- 94.35% occupied with NNN leases and rent escalators
- Lease term left on leases and professionally managed; well maintained
- Lobby with quarry tile and limestone accents; ceramic tile restrooms
- Exterior with face brick, stucco, and limestone detailing; close to I‑94 and Highway 15
Overview
The asset is located in the Plum Creek Business Park in South St. Cloud, Minnesota. It offers close access to Interstate 94 and Highway 15, supporting convenient connectivity for tenants and visitors.
Current occupancy is 94.35% with NNN leases that include rent escalators. The property is described as well maintained and professionally managed, and there is term left on the existing leases. This configuration may be well suited for an investor or buyer seeking an office condominium package with established NNN tenant structure and ongoing lease terms in a business park setting.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $402.4k | $21.96 |
| − Vacancy | −$112.3k | −$6.13 |
| EGI | $290.1k | $15.83 |
| − OpEx | −$72.5k | −$3.96 |
| NOI | $217.6k | $11.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saint Cloud
- County
- Sherburne
- State
- Minnesota
- Longitude
- -94.159728
- Latitude
- 45.514835
