3550 Lexington Ave N - Medical FOR SALE


Shoreview, MN 55126
$2,261,900 USD
612-987-1429
3550 Lexington Ave N, Shoreview, MN for Sale
$2,261,900 USD
Medical - FOR SALE
1/11
null | 8% Cap Rate

3550 Lexington Ave N
Shoreview, MN 55126


HIGHLIGHTS

  • Re-Development of Area with New Retail/Restaurant/Coffee Shop/Etc.
  • Close to Highways and Both Downtowns
  • Lots of Parking
  • High Traffic Area

OVERVIEW

¦ Brand new elevator (whole replacement) 2021 ¦ 90% of all heat pumps new ¦ Roof repaired 2020 ¦ Resurfaced parking lot 2021 ¦ Updated lobby 2021 ¦ Gross leases: Opportunity To Change to NNN ¦ Longevity of tenants | New Side Walk;Retaining Wall ¦ Great Stable Cash Flow with a mix of long and short term leases. Opportunity to raise rents; remodel suites.

FOR SALE DETAILS

PRICE

$2,261,900 USD

PRICE/SF

$80 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

130

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

Office

APN/PARCEL ID

35-30-23-22-0003

ASK ABOUT THIS PROPERTY

Stanislav ManchikWyn GroupMore Info
612-987-1429

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Stanislav ManchikWyn GroupMore Info
612-987-1429

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