Tri-County Professional Center - 122 12th Ave N, Saint Cloud, MN 56303
For Sale
For Sale
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Year Built
1985 (Renovated 2018)
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Total Building Size
17,624 RSF
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Overview
CBC Orion is pleased to offer for sale, Tri County Professional Center – this 100% occupied multi-tenant commercial building conveniently located near downtown Saint Cloud. Close proximity to Stearns County Courthouse/Court Administration Bldg., Post Office, Saint Cloud Police Department and many other prominent downtown area businesses. Saint Cloud has a population of over 68,000 with a MSA serving over 200,000. Location is approximately 60 miles northwest of the Twin Cities area.
Building consists of one – two story brick building consisting of 17,624 +/- total SF building on 1.08 acres. Three - high quality tenants occupy the building. The primary tenant, First American Title (S&P A- rating), is the largest title company in North America. First American Title (dba Tri County Abstract) has been in the building since 2006. Additionally, in 2018 the First American space underwent substantial renovations (over $260,000 invested) and renewed their lease early, showing strong commitment to the location. The other two tenants Granite Equity Partners and Anderson Center have been in the building since 2008 and 2012 respectively.
Building amenities include high quality office finishes, ample parking at the door (55 stalls), elevator, fully sprinkled, attractive brick exterior, extensive landscaping, and much more. Excellent opportunity to acquire this stabilized high quality multi-tenant investment property with long term tenants in place. Excellent 1031 exchange replacement.
Property Details
CBC Orion is pleased to offer for sale, Tri County Professional Center – this 100% occupied multi-tenant commercial building conveniently located near downtown Saint Cloud. Close proximity to Stearns County Courthouse/Court Administration Bldg., Post Office, Saint Cloud Police Department and many other prominent downtown area businesses. Saint Cloud has a population of over 68,000 with a MSA serving over 200,000. Location is approximately 60 miles northwest of the Twin Cities area.
Building consists of one – two story brick building consisting of 17,624 +/- total SF building on 1.08 acres. Three - high quality tenants occupy the building. The primary tenant, First American Title (S&P A- rating), is the largest title company in North America. First American Title (dba Tri County Abstract) has been in the building since 2006. Additionally, in 2018 the First American space underwent substantial renovations (over $260,000 invested) and renewed their lease early, showing strong commitment to the location. The other two tenants Granite Equity Partners and Anderson Center have been in the building since 2008 and 2012 respectively.
Building amenities include high quality office finishes, ample parking at the door (55 stalls), elevator, fully sprinkled, attractive brick exterior, extensive landscaping, and much more. Excellent opportunity to acquire this stabilized high quality multi-tenant investment property with long term tenants in place. Excellent 1031 exchange replacement.
- Property TypeOffice
- Year Built1985Renovated 2018
- Sale Price$2,149,000
- Total Building Size17,624RSF
- Total Acres1.08
- Cap Rate8.0%
- ZoningCommercial
- Property ID2196444