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1560 Beam Ave - Maplewood Professional Office Condominium
1,884 SF Office Condo Unit Offered at $422,000 in Maplewood, MN 55109
Investment Highlights
- Secured by a long term, stable medical tenant
- New parking lot and sidewalk replacement in Spring 2024
Executive Summary
Across the street from St. John's Hospital Campus. Near Markham Pond and North Hazelwood Park and many local amenities such as Maplewood Mall, Costco, retailers, restaurants and much more. Convenient access to 1-694, I-35E and Highway 61 with great visibility and access from Beam Avenue. Strong area demographics. New parking lot and sidewalk replacement in Spring 2024.
Property Facts
| Price | $422,000 | Building Class | B |
| Unit Size | 1,884 SF | Floors | 1 |
| No. Units | 1 | Typical Floor Size | 14,555 SF |
| Total Building Size | 14,555 SF | Year Built | 1983 |
| Property Type | Office (Condo) | Lot Size | 2.14 AC |
| Property Subtype | Medical | Parking Ratio | 6.36/1,000 SF |
| Sale Type | Investment |
| Price | $422,000 |
| Unit Size | 1,884 SF |
| No. Units | 1 |
| Total Building Size | 14,555 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Sale Type | Investment |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 14,555 SF |
| Year Built | 1983 |
| Lot Size | 2.14 AC |
| Parking Ratio | 6.36/1,000 SF |
1 Unit Available
Unit C Number 3
| Unit Size | 1,884 SF | Sale Type | Investment |
| Price | $422,000 | Cap Rate | 8.00% |
| Price Per SF | $223.99 | NOI | $33,760 |
| Condo Use | Office |
| Unit Size | 1,884 SF |
| Price | $422,000 |
| Price Per SF | $223.99 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 8.00% |
| NOI | $33,760 |
Description
Newly available medical/office condo "For Sale" in the medical hub of Maplewood - Unit Number 3.
Close ample parking - 99 parking stalls, parking ratio is 6.80 stalls per 1,000sf including ADA stalls in Spring 2024.
Sale Notes
Secured by a long term stable medical tenant. Lease expires 1/31/28.
100% leased
NNN Lease with 2% annual rent escalations
Unit Number 2 - 2,389 SF is available for lease and could be made available for sale along with the sale of Unit Number 3, cost for Unit Number 2 is negotiable.
Amenities
- Bus Line
- Signage
- Monument Signage
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
-
Sherry Hastings -
Pat Wolf -
Commercial Real Estate Services
Presented by
1560 Beam Ave - Maplewood Professional Office Condominium
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