FOR SALE - Medical Office - Investment
Market Price
1420 County Road D Court, Maplewood, MN 55109
For Sale
Commercial
Pending
Last Updated: 09/19/2024
7.15
Cap Rate
180,538
NOI
Details:
Cap Rate: 7.15%
NOI: $180,538
Building Size: 13,450 sqft
Lot Area: 1.9 acres
Occupancy: 100%
Class: B
Lease Type: Triple Net
Year Built: 1998
Tenancy: Single
Parking Spots: 75
Investment Strategy: Core
Lease Expire Year: 02/01/2029
Highlights:
- 7.15% Cap Rate
- Medical Office
- No deferred Maintenance
- Long-Term Tenant
Description:
EXP is proud to present the 1420 E. County Road D Court Medical Office building for sale.
Boasting an excellent location and flexible floorplan this asset sits right off Interstate 694
and Highway 61, two major transportation arteries in the Twin Cities Metro area. The main
tenant, Microdental Laboratories is committed to the property and recently signed a new
five-year extension with a five-year option.
Situated just off Interstate 694 near major traffic arteries, and Maplewood Mall a large
regional mall and St. John's Hospital. Surrounded by retail, office, medical and residential
properties, this dense suburban location has it all.
Location
Gallery
