South Brainerd Professional Building | 1903 S 6th St
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South Brainerd Professional Building 1903 S 6th St
14,105 SF 60% Leased Office Building Brainerd, MN 56401 £1,001,875 (£71/SF) 7.50% Net Initial Yield
Investment Highlights
- Excellent Investment Opportunity!
- 80% Occupied! Space for 1 more Tenant!
- 7.5% Cap Rate!
- Great Medical Office Facility!
Executive Summary
Excellent opportunity to invest in a professional medical office building located on the busy S 6th Street corridor in Brainerd. This large 14,000 SF office complex is 80% occupied with orthodontics and dermatology, with space available for one additional tenant. This location is surrounded by a growing medical community as well as numerous other service businesses. Tenants enjoy easy access, ample parking and a gorgeous common area foyer.
Bldg Size: 14,105 SF Total; Suite A/B: 5,944 SF (Oral & Maxillofacial Surgery); Suite C: 4,792 SF (Central Minnesota Dermatology); Suite D: 2,692 SF (AVAILABLE); Common Area: 677 SF
Bldg Size: 14,105 SF Total; Suite A/B: 5,944 SF (Oral & Maxillofacial Surgery); Suite C: 4,792 SF (Central Minnesota Dermatology); Suite D: 2,692 SF (AVAILABLE); Common Area: 677 SF
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
14,105 SF
Building Class
C
Year Built/Renovated
1982/2004
Price
£1,001,875
Price Per SF
£71
Net Initial Yield
7.50%
NOI
£75,141
Percent Leased
60%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
14,105 SF
Building FAR
0.21
Lot Size
1.54 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
81 Spaces (5.74 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
AVAILABLE: Suite D: 2,907 SF Rentable (2,692 SF Usable + 215 SF Common). There is 1,024 SF of Common Area Total.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste D | 2,907 SF | Office | Full Build-Out | Now |
1st Fl-Ste D
| Size |
| 2,907 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste D
| Size | 2,907 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
AVAILABLE: Suite D: 2,907 SF Rentable (2,692 SF Usable + 215 SF Common). There is 1,024 SF of Common Area Total.
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PROPERTY TAXES
| Parcel Number | 09142003001Z009 | Improvements Assessment | £495,327 |
| Land Assessment | £65,563 | Total Assessment | £560,890 |
PROPERTY TAXES
Parcel Number
09142003001Z009
Land Assessment
£65,563
Improvements Assessment
£495,327
Total Assessment
£560,890
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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South Brainerd Professional Building | 1903 S 6th St
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