For Sale
$850,000

7656 Design Rd Baxter, MN 56425

High-return office building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 5,806 square foot executive office building located at 7656 Design Road, Baxter, Minnesota, 56425. The property, built in 1995, sits on a 0.24-acre lot and boasts a 9-foot ceiling height. Currently 100% occupied with a strong tenant roster including Bolten & Menk and HearingLife, this property offers a compelling 8.76% cap rate. The building is part of a four-building professional office park, conveniently situated between Highway 371 and Golf Course Drive, providing excellent access and visibility. The property is zoned C-2 Regional Commercial, allowing for a variety of uses. The current lease is a NNN lease with a remaining term of five years, expiring March 30, 2030. The asking price is $850,000. This well-maintained property is situated in a thriving area experiencing significant growth and economic development, making it an ideal investment for discerning buyers seeking strong returns and long-term stability. The property's APN is 40050606 : 031870020010009.

Highlights

  • 5,806 SF executive office building on a 0.24-acre lot in Baxter, MN.
  • 100% occupied with strong tenants, including Bolten & Menk and HearingLife.
  • 8.76% cap rate with an asking price of $850,000.
  • NNN lease with five years remaining, expiring March 30, 2030.
  • Located in a thriving area with excellent highway access and visibility.

Property Details for 7656 Design Rd

Property type
Office properties, Industrial properties
Square Feet
5,806 SF
Year Built
1995
Buildings
4
Lot Size (sq. ft)
10,454 SF

Location Insight

City
Baxter
County
Crow Wing
State
Minnesota
Latitude
46.3576254
Longitude
-94.2414101

FAQs

What type of property is this?
Office property - High-return office building, 100% occupied.
Where is the office property located?
The property is located at 7656 Design Rd Baxter, MN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5,806 SF executive office building on a 0.24-acre lot in Baxter, MN.; 100% occupied with strong tenants, including Bolten & Menk and HearingLife.; 8.76% cap rate with an asking price of $850,000.
How can I contact the broker?
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7656 Design Rd
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