Floor Plans

Property Description

This opportunity is presented to acquire the Building and Real Property most commonly known as the West River Business Park on the corner of 3rd street north and 10th Avenue North in Waite Park, Minnesota. This Building consists of 24,075 square feet and is situated on 1.78 acres.

 

 SALE TERMS:       This Property is being sold on an “as is” basis.

 

CONTACT:               Kevin Brink, Primary Broker

                                 Nate Meyer, Associate Broker

                                 INH Commercial Real Estate Services

                                 175 7th Avenue South

                                 Waite Park, MN 56387 

                                 (320) 252-2000

Location

• Location is easily accessed off of Great Oak Drive from both 10th Avenue North & 3rd Street North in Waite Park, MN.
• Minutes from Highways #15, #23 and I-94.
• Neighbors within the Park include; Rejuv Medical, Ms Melinda’s Dance Studio, McDonald’s, Johnson Control, Home Instead Health Care,  AcuSport, Granite City Dental, Benjamin Chiropractic, Accurate Home Health. 

Highlights

•100% Occupied

•Traffic volume at controlled intersection is over 25,000

•Easily accessible from both 10th Avenue North and 3rd Street North

•One of only three office/flex properties in St. Cloud Area

•Located in a Business Park of 75,000 S.F. with a 95% occupancy

Sale Price

PURCHASE PRICE:

$1,960,000.00

 

PRICE PER S.F.

 

 $81.40

 

IN-PLACE NET OPERATING INCOME:

 

$176,601.00

 

CAPITALIZATION RATE:

9.0%

 

Listing Agent

Kevin Brink

INH Commercial Real Estate Services

320.258.5259
320.252.2752

Contact

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