Four-Building Office
For Sale
$5,519,000
340 U.S 10, Saint Cloud, MN 56304
Brick office campus with education and child development space, net leases, and access at two major highways.
Property Size32,808 SF
Price / SF$168.22
Days on Market54
Property Features for 340 U.S 10
General Information
Standard status
Active
Size
32,808 SF
Property subtype
Office
Listed By:
AJ Prins
(612) 336-4322
Source:
Cbre
Added: Aug 23
Changed: Oct 2
Last Checked: Oct 14 at 9:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AJ Prins
Investment Insights
Based on property information with market context.
This four-building office portfolio contains a combined 32,808 square feet configured for education, child development, and office uses. The improvements are constructed with brick exteriors and include high-end finishes. The property is fully occupied by three tenants under net lease agreements that provide 3% annual increases and management reimbursement.
The campus is positioned at the intersection of Highway 10 and Highway 23 in St. Cloud, offering direct access to two primary thoroughfares. Each building is separately parceled, providing four distinct properties within the portfolio and flexibility for future ownership or disposition strategies. The address is 340 U.S. 10, St. Cloud, MN 56304.
The campus is positioned at the intersection of Highway 10 and Highway 23 in St. Cloud, offering direct access to two primary thoroughfares. Each building is separately parceled, providing four distinct properties within the portfolio and flexibility for future ownership or disposition strategies. The address is 340 U.S. 10, St. Cloud, MN 56304.
Key Highlights
- 32,808 square feet across four buildings
- 100% occupied by three tenants
- Net leases include 3% annual increases and management reimbursement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$389,591
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,791,820
$7.8M
Cap Rate 7%
$5,565,586
$5.6M
Cap Rate 9%
$4,328,789
$4.3M
Market Conditions
NOI Build-Up for 32,808 SF
Gross rent
$720.5K $21.96/SF
− Vacancy
−$201.0K −$6.13/SF
EGI
$519.5K $15.83/SF
− OpEx
−$129.9K −$3.96/SF
NOI
$389.6K $11.87/SF
Area
Sherburne County, MN
Vacancy
27.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,791,820
Cap Rate 7%
$5,565,586
Cap Rate 9%
$4,328,789
Alternative Uses
Best Use
Office B
$5.57M
$4.87M – $6.49M
NOI $389,591 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.83M
$6.85M – $9.13M
NOI $547,911 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 56304, MN
17,020
Population
7,538
Households
2.3
Avg Household Size
34
Median Age
25%
College-Educated
87%
High-School Grad
60.7 sq mi
ZIP Area
280
Density / Sq Mi
$54,133
Median Household Income
$36,365
Median Earnings
$926
Median Rent
$230,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Brick office campus with education and child development space, net leases, and access at two major highways.
Where is this office building located?
The property is located at 340 U.S 10 Saint Cloud, MN.
What is the asking price?
The asking price for this property is $5,519,000.
What are key features of this property?
This property features: 32,808 square feet across four buildings; 100% occupied by three tenants; Net leases include 3% annual increases and management reimbursement
