122 12th Ave North, St Cloud, MN
Office for Sale - $2,149,000 - 17,624 Sq. Ft. on 1 acres
Property Info
CIMLS# | 1095752 |
Location 122 12th Ave North St Cloud MN 56303 | |
Updated | August 3rd, 2021 |
Type | Office |
Price | $2,149,000 |
Building | 17,624 Sq. Ft. |
Land | 1 acres |
Property Description
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.