2489 Rice St, Little Canada, MN 55113
Marcus & Millichap is proud to present for sale the Oakwood Office Buildings I & II. These suburban office buildings have been managed by the same company since they were built. They are meticulously maintained and there is no deferred maintenance. There is a total of 34,112 Rentable SF between the two buildings.
This investment offers stabilized returns at an 8.5% Cap Rate with a 14,45% return after debt service. There are a large number of tenants in these two buildings, but consistent renewals indicate a very high loyalty rate to the properties, their location, and the building conditions. Tenancy includes a variety of office uses including Financial, Medical, Insurance, and Real Estate companies.
Located on the heavily traveled Rice Street in Roseville, MN these two buildings embody the typical suburban office with excellent access to both downtown St. Paul and Downtown Minneapolis and is close to the major traffic arteries of interstates 35W, 35E and the 494/694 loop.
Marcus & Millichap is proud to present for sale the Oakwood Office Buildings I & II. These suburban office buildings have been managed by the same company since they were built. They are meticulously maintained and there is no deferred maintenance. There is a total of 34,112 Rentable SF between the two buildings.
This investment offers stabilized returns at an 8.5% Cap Rate with a 14,45% return after debt service. There are a large number of tenants in these two buildings, but consistent renewals indicate a very high loyalty rate to the properties, their location, and the building conditions. Tenancy includes a variety of office uses including Financial, Medical, Insurance, and Real Estate companies.
Located on the heavily traveled Rice Street in Roseville, MN these two buildings embody the typical suburban office with excellent access to both downtown St. Paul and Downtown Minneapolis and is close to the major traffic arteries of interstates 35W, 35E and the 494/694 loop.
