2677 Bunker Lake Blvd 13,600 SF 100% Leased Office Building Andover, MN 55304 $5,465,574 ($401.88/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 15,000 VPD on Bunker Lake Boulevard
- Newer Construction - Built in 2016
- Re/Max Results is the Largest/Most Productive Re/Max Franchise in the United States
- Anoka County is Ranked the 10th Fastest Growing County in MN Since 2010
- Class A Office Building
- Over 6 Years of Primary Lease Term Remain With 2 5-Year options to Extend, Gives investors a Stable Income Stream Long Into the Future
EXECUTIVE SUMMARY
Inventure Real Estate is pleased to present investors with the opportunity to purchase the Re/Max Results office building, located in Andover Minnesota. This building is the ideal Class A, single tenant, and state of the art office building asset. With frontage on Bunker Lake Boulevard, this property boasts over 15,000 vehicles per day. In addition, the thriving community of Andover is located in Anoka county, which is ranked in the top 10 fastest growing counties in Minnesota since 2010, great for the residential real estate business.
Re/Max Results has 49 offices within Minnesota and Western Wisconsin that includes the Twin Cities, Rochester, Duluth, and St. Cloud. Re/Max Results has approximately 1,200 Sales Executives and is the largest/most productive Re/Max franchise within the United States.
Re/Max Results has 49 offices within Minnesota and Western Wisconsin that includes the Twin Cities, Rochester, Duluth, and St. Cloud. Re/Max Results has approximately 1,200 Sales Executives and is the largest/most productive Re/Max franchise within the United States.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
13,600 SF
Building Class
B
Year Built
2016
Price
$5,465,574
Price Per SF
$401.88
Cap Rate
6.35%
NOI
$347,072
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,800 SF
Building FAR
0.32
Lot Size
0.97 AC
Zoning
NB - Neighborhood Business
Parking
52 Spaces (3.82 Spaces per 1,000 SF Leased)
AMENITIES
- High Ceilings
- Natural Light
- Reception
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 33-32-24-13-0094 | Improvements Assessment | $2,187,600 |
| Land Assessment | $588,100 | Total Assessment | $2,775,700 |
