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Single-Tenant Office

Duluth National Weather Service

5027 Miller Trunk Hwy, Duluth, MN 55811

Listing Price: $2,066,000

Cap Rate
7.10%
Gross SF
5,769
Rentable SF
5,769
Price/Gross SF
$358.12
Lot Size
1.73 acres
Year Built
1995

Investment Overview

Marcus & Millichap is pleased to bring to market the Duluth National Weather Service Office, a single-tenant government office building fully occupied by the National Weather Service. The 5,769 rentable square foot, brick facade building was built-to-suit for the National Weather Service in 1995, according to their strict requirements, and sits on 1.73 Acres. The Property is currently encumbered by a 15-year lease (all firm), with 12 years remaining. The lease type is NN, with the tenant covering utilities and property management. The property also includes a generator building, which the tenant pays all expenses for. The National Weather Service (NWS) an agency of the United States federal government that is tasked with providing weather forecasts, warnings of hazardous weather, and other weather-related products to organizations and the public for the purposes of protection, safety, and general information.

Investment Highlights

  • 11.5 Years Remaining on Recent 15 Year Lease Renewal (All Firm)
  • Rare NN GSA Lease- Tenant Covers Management, Taxes, and Utilities
  • Built-to-Suit for NOAA's Specific Needs

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Single-Tenant Office

Duluth National Weather Service

Listing Price: $2,066,000

Cap Rate
7.10%
Gross SF
5,769
Rentable SF
5,769
Price/Gross SF
$358.12
Lot Size
1.73 acres
Year Built
1995

Investment Highlights

  • 11.5 Years Remaining on Recent 15 Year Lease Renewal (All Firm)
  • Rare NN GSA Lease- Tenant Covers Management, Taxes, and Utilities
  • Built-to-Suit for NOAA's Specific Needs

Investment Overview

Marcus & Millichap is pleased to bring to market the Duluth National Weather Service Office, a single-tenant government office building fully occupied by the National Weather Service. The 5,769 rentable square foot, brick facade building was built-to-suit for the National Weather Service in 1995, according to their strict requirements, and sits on 1.73 Acres. The Property is currently encumbered by a 15-year lease (all firm), with 12 years remaining. The lease type is NN, with the tenant covering utilities and property management. The property also includes a generator building, which the tenant pays all expenses for. The National Weather Service (NWS) an agency of the United States federal government that is tasked with providing weather forecasts, warnings of hazardous weather, and other weather-related products to organizations and the public for the purposes of protection, safety, and general information.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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