Office

Sixth Ave Office Building

110 6th Ave S, Saint Cloud , MN 56301

Listing Price: $1,445,500

Cap Rate
8.00%

Investment Overview

Marcus & Millichap is pleased to present for sale the Sixth Avenue office building. The Sixth Avenue office building is a 17,983-square foot professional office building with brick and glass facade, located at 110 6th Ave south in downtown Saint Cloud. Built in 1948 and remodeled in 1988, this two-story office building sits on a 0.30-acre lot near the intersection of 6th Ave S and 1st St S, just minutes away from St. Cloud State University and surrounded by several restaurants and other local amenities.
The building features plenty of natural light, elevator access on both floors and large conference rooms. Additionally, the building is fully sprinklered and includes a break room and updated common areas.
The building is currently occupied by two tenants: The Village Family Center, a non-profit family counseling service provider and the Mid-Minnesota Legal Aid Group, a non-profit law firm providing legal aid to low-income families, seniors and people with disabilities. Both tenants are have gross leases in place which expire in 2024.

Investment Highlights

  • 8.0% Cap Rate with 11.50% Cash Return
  • Well Maintained Multi-Tenant Office Building
  • Excellent Downtown Location with Shopping and Restaurants in Close Proximity

Exclusively Listed By

Listing Price: $1,445,500

Cap Rate
8.00%

Investment Highlights

  • 8.0% Cap Rate with 11.50% Cash Return
  • Well Maintained Multi-Tenant Office Building
  • Excellent Downtown Location with Shopping and Restaurants in Close Proximity

Investment Overview

Marcus & Millichap is pleased to present for sale the Sixth Avenue office building. The Sixth Avenue office building is a 17,983-square foot professional office building with brick and glass facade, located at 110 6th Ave south in downtown Saint Cloud. Built in 1948 and remodeled in 1988, this two-story office building sits on a 0.30-acre lot near the intersection of 6th Ave S and 1st St S, just minutes away from St. Cloud State University and surrounded by several restaurants and other local amenities.
The building features plenty of natural light, elevator access on both floors and large conference rooms. Additionally, the building is fully sprinklered and includes a break room and updated common areas.
The building is currently occupied by two tenants: The Village Family Center, a non-profit family counseling service provider and the Mid-Minnesota Legal Aid Group, a non-profit law firm providing legal aid to low-income families, seniors and people with disabilities. Both tenants are have gross leases in place which expire in 2024.

Exclusively Listed By

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