1301 Miller Trunk Hwy
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1301 Miller Trunk Hwy
10,000 SF 100% Leased Office Building Duluth, MN 55811 £2,503,840 (£250/SF) 7.56% Net Initial Yield
Investment Highlights
- Great Visibility. Front row in retail corridor
- Lots of Parking
Executive Summary
Fully leased building on Miller Trunk HWY. Tenants include Essentia Orthopedics and Northway Avademy. Continued Residential and Commercial development makes this a solid long term investment.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,000 SF
Building Class
C
Year Built
1933
Price
£2,503,840
Price Per SF
£250
Net Initial Yield
7.56%
NOI
£189,353
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
10,000 SF
Slab to Slab
10 ft
Building FAR
0.16
Lot Size
1.41 AC
Zoning
Commercial - Commercial
Parking
48 Spaces (4.8 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Signage
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PROPERTY TAXES
| Parcel Number | 010271004670 | Improvements Assessment | £1,046,057 |
| Land Assessment | £688,400 | Total Assessment | £1,734,457 |
PROPERTY TAXES
Parcel Number
010271004670
Land Assessment
£688,400
Improvements Assessment
£1,046,057
Total Assessment
£1,734,457
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1301 Miller Trunk Hwy
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