• HPIM1705
  • HPIM1702.2
  • HPIM1711
  • HPIM1713
  • flrpln-7658
  • AERIAL-Bercher
PENDING! Office Investment Building
7658 Design Road, Baxter, MN 56425
For Sale $549,000.00
Detailed Brochure

PENDING!

Excellent opportunity to invest in a quality office building near the busy Hwy 371 corridor. Fully occupied with three quality tenants. Located in a well-maintained professional office park and priced at an approximate 10.2% cap rate.

  • Purchase Price: $549,000.00
  • Directions: From Hwy 210/371 intersection in Baxter - North on Hwy 371 - Right (East) on Design Road - Design Drive Professional Court is half way down the block on the Left (North)
  • Building Size Total (Sq. Ft): 5,806
  • Building Size Main (Sq. Ft): 5,806
  • Lot Size (Sq. Ft): 10,500
  • Lot Size (Acres): 0.24
  • Lot Dimensions: 75' x 140'
  • Road Frontage: Design Road
  • Price Note: Approx. Cap Rate: 10.2%. Building is 100% occupied with triple net leases - approximate net annual cash flow to owner is $56,000. Detailed Rent Roll and Financials available upon request.
  • Property Tax Year: 2020
  • Annual Property Tax: $12,378.00
  • Annual Cash Flow: 56000
  • Cap Rate: 10.2
  • Property Features / Assets: Building Size: 5,806 SF Total; Suite 100: 2,403 SF (EPSCO); Suite 200: 839 SF (Ameriprise Financial); Suite 300: 2,564 SF (Heartland Hospice); Note: Lease Space Sizes are approximate.
  • Water: City
  • Sewer: City
  • Heating: Natural Gas Forced Air
  • Cooling: Central Air - Electric Ground Units
  • Electric – Amps: 200
  • Electric – Phase: Single
  • Lighting: Recessed Fluorescent
  • Year Built: 1995
  • Construction: Wood Frame
  • Foundation: Concrete Slab
  • Roof: Composition Shingles
  • Exterior: Stucco & Rock
  • Ceiling Height: 9'
  • Bathrooms: 2 in the Common Area
  • Security: Yes
  • Parking Spaces: Outlot A is a shared paved parking lot shared among all 4 building in the Design Drive Professional Court
  • Adjacent Tenants: Heartland Hospice, EPSCO and Ameriprise Financial
  • Neighboring Businesses: Neighboring businesses include Lakes Dental, Great River Eye Clinic, Northwestern Mutual Financial Network, GSF Mortgage, Financial Group of Central MN, Bremer Bank, Fleet Farm, Mills GM, Kohls, Gander Outdoors, Verizon, Chipotle, Caribou Coffee, Einstein Bagels, Five Guys, Taco Bell, Cub Foods, Target, plus numerous others.
  • Traffic Counts: 27,000 on Hwy 371, 5,500 on Golf Course Drive and 3,600 on Dellwood Drive
  • MLS #: 5349036
  • CC File #: 1551
  • Zoning: C2 - Regional Commercial
  • PID#: 40050605
  • Legal Description: (Legacy PID 031870020020009) Lot 2 Block 2 & Undivided 1/4 interest in Outlot A, Rutman Bercher Addition
Property Map