6311 Wayzata Blvd, St Louis Park, MN
High-identity office building with I-394 frontage and on-site parking.
- Added:
- Jul 23, 2024
- Days on Market:
- 692
- Last Refresh:
- May 19 at 9:41 pm
Property Features for 6311 Wayzata Blvd
General Information
- Standard status
- Active
- Size
- 15,078 SF
- Lot size
- 0.72 Acres
- Property subtype
- OFFICE
Listing agent DJ Sikka (612) 701-6296
Listing office Garfield Clark Commercial Real Estate (612) 868-8314
Listing date Jul 23, 2024
Source Moodyscre
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 Garfield Clark Commercial Real Estate
HighLights
- High‑identity image building suitable for owner occupancy.
- Well‑located fronting on I‑394 corridor.
- Onsite parking available for 45 cars.
- Two of three floors are accessible.
- Public transportation stop adjacent to the property.
- Sprinkler system.
Overview
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 | $314.8k | $20.88 |
| − Vacancy | −$63.6k | −$4.22 |
| EGI | $251.2k | $16.66 |
| − OpEx | −$62.8k | −$4.17 |
| NOI | $188.4k | $12.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- St Louis Park
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.3602
- Latitude
- 44.97
