Northlake Center III 14162 Commerce Ave NE 9,340 SF Office Building Prior Lake, MN 55372 £1,657,480 (£177.46/SF) 4.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Corner of two county roads
EXECUTIVE SUMMARY
Great investment opportunity to own commercial / retail office space on Corner of County Roads 13 and 42. Currently, 80% rented with 5 total units. 2 other buildings also available in a 3 building package ($327,000 annual rent and approx. 3 acres). Approixmately, 50,000 cars per day go by
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
9,340 SF
Building Class
C
Year Built
1997
Price
£1,657,480
Price Per SF
£177.46
Net Initial Yield
4.50%
NOI
£74,587
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
9,340 SF
Building FAR
0.26
Lot Size
0.82 AC
Zoning
B-1 - Commercial
Parking
20 Spaces (2.14 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Route
- Signage
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £656,965 | |
| Land Assessment | £883,060 | Total Assessment | £1,540,025 |
