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FOR SALE | $ 1,825,000 In Federal Opportunity Zone Federal Building 720 West St. Germain Street | St. Cloud, MN 56301 This locally treasured historic landmark building is located in the center of downtown St. Cloud’s Business District. West St. Germain Street is the street address for numerous restaurants, retail and financial instuons. The many architectural elements and finishes; the terrazzo flooring, vaulted ceilings, 10 foot windows and historic art remain a part of this unique two-story 22,704 square foot office building. For many years, this highly recognizable building served as a United States Post Office for the region. Though historic, it is equipped with high level communicaon capabilies and fiber opcs and the office finishes in place are well suited for today’s office user. *PRICE REDUCED* *PRICE REDUCED* Kate Hanson 320.420.6485 [email protected] Jean Cushman 320.248.0509 [email protected]
Transcript of *PRICE REDUCED**PRICE REDUCED*
FOR SALE | $1,825,000
In Federal Opportunity Zone
Federal Building720 West St. Germain Street | St. Cloud, MN 56301
This locally treasured historic landmark building is located in the center of downtown St. Cloud’s Business District. West St. Germain Street is the street address for numerous restaurants, retail and financial institutions. The many architectural elements and finishes; the terrazzo flooring, vaulted ceilings, 10 foot windows and historic art remain a part of this unique two-story 22,704 square foot office building. For many years, this highly recognizable building served as a United States Post Office for the region. Though historic, it is equipped with high level communication capabilities and fiber optics and the office finishes in place are well suited for today’s office user.
*PRICE REDUCED**PRICE REDUCED*
Kate Hanson320.420.6485
Jean Cushman320.248.0509
Property Details
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Building: • Address is 720 West St. Germain Street, St. Cloud, MN 56301.• Building was built in 1937 (Great Depression Era).• 22,704 Total Gross SF on 2 Floors.• 17,000 SF site; 120’ lot width includes 8 on-site parking stalls.
Maintenance: • The four (4) Fulton Boilers are approximately 20 years old. They have been
maintained by the installer; Climate Air. Fulton provided quality engineering for the units when built and installed.
• Temperature within the building is provided by Hot water Heat, chillers for Air Conditioning and Air Handlers. This system provides triple redundancy with direct Alarm calls to Climate Air who has remote control access to the system.
Highlights: • Previously the building was owner occupied. The building was sold in 2017 and
the Tenant remains in place.• There are eight on site off-street parking spaces.• Located within blocks of three Parking Ramps and Parking Lots which are main-
tained by others.• *Please call for verifiable operating data and Net Operating Income (NOI).• The two-story building includes approximately 12,514 square feet of office, data
center, and mechanical rooms.
• Stearns County Parcel ID 82.51865.0025.• 2019 Estimated Market Value - $1,111,000.• 2018 Proposed Real Estate Taxes - $38,872.00.
Disclaimer: *All materials and information received or derived from Granite City Real Estate, LLC (GCRE), its directors, officers, agents, advisors, affiliates and/or any third party sources are without representation or warranty as to completeness, veracity, or accura-cy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property, for any party’s intended use or any and all other matters. Neither GCRE its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters or significance to such party. GCRE will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. GCRE makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. GCRE does not serve as a financial advisor to any party regarding any proposed transactions. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by GCRE in compliance with all applicable fair housing and equal opportunity laws.
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Tenant Breakdown
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Floor Plans
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1st Floor Lower Level
Floor Plans
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2nd Floor Mezzanine
3900 Roosevelt Road #125 | St. Cloud, MN 56301Office: 320.253.003 Fax: 320.253.006www.granitecityproperties.com
Aerials
Kate Hanson320.420.6485
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Jean Cushman320.248.0509
