A 19,400 sf Class A Medical Office building with 18,765 sf of net rentable space on a 1.3 acre parcel among many other medical facilities and very close to Twin Cities Hospital. The building is 100% leased out - (though Suite 100 has been vacated by the Credit Tenant, LabCorp, the leases run through 2021 and the payments remain timely and current). The property is being offered for sale by the partnership that has owned it since 2002 as the partners are beginning to retire. Offered at a 6% cap rate on current actuals, the property has $3.1m of assumable existing debt that was acquired in March 2018. We invite and will respond to all reasonable offer.NOI $457k - 6% cap rate on current actuals - 5.6% on new owner property tax.
|Area||24 - Templeton|
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