Office Medical

Sloan Place

1973 Sloan Pl, Saint Paul, MN 55117

Listing Price: $3,000,000

Cap Rate
7.48%
Gross SF
21,397
Rentable SF
21,397
Price/Gross SF
$140.21
Year Built
1970
Lot Size
1.60 acres

Investment Overview

Sloan Place is a 21,397 SF Medical Office building located along Interstate 35E in St. Paul, MN. A total of 53% of the building is lease to MNGI Digestive Health, a well-known healthcare provider in the Twin Cities area.

Offered at an attractive 7.50% Cap Rate, not only is this Medical Office building a stable investment, but there is value to be added through lease up of the current vacant space, or a renewal of the main tenant. The highly visible location along Interstate 35E affords this building traffic counts over 88,000 VPD. Easy to get in and out of, this is one of MNGI's busiest locations and serves a broad area of the East Metro.

There is no deferred maintenance on this building. The building was built in 1970 and the original company has managed it ever since.

Investment Highlights

  • 7.50% Cap Rate.
  • Multi-tenant Medical Office building.
  • Excellent location along Interstate 35E.
  • Potential double-digit Value-Add possible through lease up and renewal.

Exclusively Listed By

Listing Price: $3,000,000

Cap Rate
7.48%
Gross SF
21,397
Rentable SF
21,397
Price/Gross SF
$140.21
Year Built
1970
Lot Size
1.60 acres

Investment Highlights

  • 7.50% Cap Rate.
  • Multi-tenant Medical Office building.
  • Excellent location along Interstate 35E.
  • Potential double-digit Value-Add possible through lease up and renewal.

Investment Overview

Sloan Place is a 21,397 SF Medical Office building located along Interstate 35E in St. Paul, MN. A total of 53% of the building is lease to MNGI Digestive Health, a well-known healthcare provider in the Twin Cities area.

Offered at an attractive 7.50% Cap Rate, not only is this Medical Office building a stable investment, but there is value to be added through lease up of the current vacant space, or a renewal of the main tenant. The highly visible location along Interstate 35E affords this building traffic counts over 88,000 VPD. Easy to get in and out of, this is one of MNGI's busiest locations and serves a broad area of the East Metro.

There is no deferred maintenance on this building. The building was built in 1970 and the original company has managed it ever since.

Exclusively Listed By

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