Office

Oakwood

2489 Rice St, Little Canada, MN 55113

Listing Price: $3,250,000

Cap Rate
8.49%
Gross SF
34,112
Rentable SF
34,112
Price/Gross SF
$95.27
Lot Size
4.12 acres
Year Built
1979

Investment Overview

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.

Investment Highlights

  • 8.50% Cap Rate. 14.45% Cash-on-Cash Return.
  • Excellent Suburban Office location. Easy access to major traffic arteries.
  • No Deferred Maintenance.
  • 92% Occupancy.
  • 4.12 acres on heavily traveled Rice Street corridor.

Exclusively Listed By

Listing Price: $3,250,000

Cap Rate
8.49%
Gross SF
34,112
Rentable SF
34,112
Price/Gross SF
$95.27
Lot Size
4.12 acres
Year Built
1979

Investment Highlights

  • 8.50% Cap Rate. 14.45% Cash-on-Cash Return.
  • Excellent Suburban Office location. Easy access to major traffic arteries.
  • No Deferred Maintenance.
  • 92% Occupancy.
  • 4.12 acres on heavily traveled Rice Street corridor.

Investment Overview

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.

Exclusively Listed By

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