- For Sale $2,525,000
- Property Type Healthcare
- Property Size 12,251 SF
- Lot Size 0.94 Acre
- Cap Rate % 7.75
- NOI / YR $195,611.00
- Building Class C
- Year Built 1999
- Date Updated Jan 23, 2025
Description
- Investment Grade Tenants: Allina Health, NovaCare, Adapt Health, and Rebound Orthotics are highly reputable and recognized tenants at the regional and national levels.
- Long-Term Tenants: All the tenants have occupied the building for extensive periods of time, showing their viability for the space.
- Synergistic Tenant Mix: Tenant synergy maximizes sales traffic and revenue for each tenant, leading to long-term occupancy.
- Medical Corridor: The immediate area hosts numerous medical practices from private to national healthcare systems.
- Proximity to Hospital: Notably the building is located across the street from the Allina Health Buffalo Hospital Campus.
- Minimal Landlord Responsibilities: The tenants are on NNN leases, allowing an investor to acquire a passive opportunity.
- Staggered Leases: Short-term leases allow an investor flexibility and the ability to add building value.
- Priced Below Replacement Cost: Buying below replacement cost provides an investor a high margin of safety.
- Well Maintained Building: The property has been well maintained over the years and is continuously renovated as needed.
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Contacts
Michael Stoffel
Matthews Real Estate Investment Services
Jacob Friedman
Matthews Real Estate Investment Services
Location
Located at 300 Catlin St, Buffalo, MN 55313, this property is part of the Buffalo neighborhood and Minneapolis St Paul market.
Contact 300 Catlin St