220 Park Ave S - Office FOR SALE


Saint Cloud, MN 56301
$5,075,962 USD
320-267-4576
220 Park Ave S, Saint Cloud, MN for Sale
$5,075,962 USD
Office - FOR SALE
1/31
null | 8% Cap Rate

220 Park Ave S
Saint Cloud, MN 56301


HIGHLIGHTS

  • 100% Leased By Creative Planning Business Services | A Leader in the Financial Services Industry
  • Solid Going In Cap Rate of 8% | $403,320 NOI
  • Attractive 2.5% Annual Rental Increases | One (5) Year Renewal Option To Extend
  • NNN Lease Structure | Very Limited Landlord Responsibilities (Roof & Structure)
  • Property Was Substantially Renovated in 2024 | Approx. $650,000 Invested

OVERVIEW

CBC Orion Real Estate Advisors are pleased to offer For Sale the Creative Planning Business Services property located in Saint Cloud, MN. The subject property is a single-tenant, 23,688 square foot high quality office building – 100% NNN leased by Creative Planning Business Services. The investment offers a solid going in Cap Rate of 8% with approx. (6) Six years of lease term remaining on its initial lease term. The lease contains attractive 2.5% annual rental increases, with one-five-year renewal option to extend. The property offers qualified investors a strong rental income stream with rental growth in a strong market. Property is conveniently located just one block off of 2nd Street (27,000 VPD traffic count) a major retail and business hub. Excellent location with close proximity to major thoroughfares (Highway 23, Hwy 15, 2nd Street & Division Street), major retailers, restaurants and more. Saint Cloud is a MSA serving over 200,000 and is approximately 60 miles northwest of the Twin Cities. Building consists of one – single-story high-quality granite/stucco & glass office building consisting of 23,688 SF building on 1.89 acres. The tenant, Creative Planning Business Services (S&P BB rating), is one of the largest financial services companies in North America. Creative Planning (f/k/a BerganKDV) has been in the building since 2005. Additionally, in 2024 the property has undergone substantial property enhancements with over $645,000 invested. Building amenities include high quality office finishes, ample parking at the door, fully sprinkled, attractive granite & glass exterior, extensive landscaping, and much more. Excellent opportunity to acquire this high quality 100% occupied single tenant NNN leased investment property with long term lease in place. Excellent 1031 exchange opportunity. *** Now Offered For Sale at $5,075,962 (8% Cap Rate)*** Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for Further Details on this Offering (320) 267-4576

FOR SALE DETAILS

PRICE

$5,075,962 USD

PRICE/SF

$198 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NEW PRICING | STNL CREATIVE PLANNING | 8% CAP

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

PUD37

APN/PARCEL ID

82.46714.0044

ASK ABOUT THIS PROPERTY

Scott M. Schmitt, CCIMCBC ORION REAL ESTATE ADVISORS, INC.More Info
320-267-4576

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Scott M. Schmitt, CCIMCBC ORION REAL ESTATE ADVISORS, INC.More Info
320-267-4576

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