Property summary
This exceptional investment opportunity presents a 6,700 square foot multi-tenant property in the thriving City Center Business Park of West Saint Paul, Minnesota. The property, classified as a Class B building, offers a compelling blend of medical office and warehouse space, currently boasting 95% occupancy. The asking price is $835,000, representing an attractive 8.00% capitalization rate. The lease structure is gross, simplifying management. Currently, 1,115 square feet is immediately available for occupancy. This presents a unique opportunity for an owner-user seeking both rental income and their own space. The property benefits from an active homeowner's association that covers all grounds maintenance, with estimated dues at $1.56 per square foot. Estimated property taxes are $2.62 per square foot. Detailed lease information, including specifics on the current tenants, is available upon request and execution of a non-disclosure agreement. The property has a long and stable history.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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