Multi Tenant Class A Office Building | Sold
CBC Orion is pleased to offer For Sale this Class A multi-tenant office property, located just off Labeaux Avenue in Albertville. This attractive building was constructed in 2005 and consists of high-quality concrete block, glass and steel exterior with higher end interior finishes. Total square footage of just under 9,300 square feet on two levels. Building is currently 93% occupied by a diverse blend of three tenants including Infinite Wellness, PMA Financial Network, and Becker & Associates Accounting.
Very high traffic/high visibility location, approximately one mile from Interstate 94 and Albertville Premium Outlets, and close proximity to many recognizable businesses. Location is approximately 30 miles west of Minneapolis.
The tenants are intentionally on short term leases which allows flexibility for new owner (potential for owner occupancy, or potential for extending existing tenants on longer term leases, if desired). There are approximately 40 parking stalls on site, with parking in front, side and back of the building.
Excellent opportunity for investor to acquire this 93% occupied property, with potential upside by leasing the one remaining office suite, or for owner/user to purchase and occupy part of the building to capitalize on the in place rental income to offset building expenses.
- Property is located in one of the highest traffic count thoroughfares in the city, with approx. 20,000 vehicles driving by per day.
- Strong demographics with population within 10 miles of this property over 155,000, and $127,000 average household income.
- Attractive Class A Building with High Quality Finishes
- Total of approximately 9,300 square foot building
- Great opportunity for investor or owner occupant
- Excellent 1031 Exchange Opportunity
