1560 Beam Ave - Medical CONDO FOR SALE


Maplewood, MN 55109
$422,000 USD
651-324-0243
1560 Beam Ave, Maplewood, MN for Sale
$422,000 USD
Medical CONDO - FOR SALE
1/12
null | 8% Cap Rate

1560 Beam Ave
Maplewood, MN 55109


HIGHLIGHTS

  • Secured by a long term, stable medical tenant
  • New parking lot and sidewalk replacement in Spring 2024

OVERVIEW

Secured by a long term stable medical tenant. Lease expires 1/31/28. 100% leased NNN Lease with 2% annual rent escalations Unit Number 2 - 2,389 SF is available for lease and could be made available for sale along with the sale of Unit Number 3, cost for Unit Number 2 is negotiable.

FOR SALE DETAILS

PRICE

$422,000 USD

PRICE/SF

$224 USD /SF

CAP RATE

8%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maplewood Professional Office Condominium

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

14,555 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

99

LAND DETAILS

LAND ACRES

2.14 AC

LAND SF

93,218 SF

ZONING

C

APN/PARCEL ID

03-29-22-42-0010,03-29-22-42-0011,03-29-22-42-0012,03-29-22-42-0013,03-29-22-42-0014,03-29-22-42-0015

ASK ABOUT THIS PROPERTY

Sherry HastingsCommercial Real Estate ServicesMore Info
651-324-0243

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Sherry HastingsCommercial Real Estate ServicesMore Info
651-324-0243

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.