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26370458
26370470

279 N Medina St, Loretto, MN 55357

MT
MN MN 20543427
Bullseye Property Management & Realty
Listed by Bullseye Property Management & Realty
$1,200,000
286 days on market
Updated 144 days ago
Contract Pending

Loretto Office Park

Details
Property Type Industrial, Office
Sub Type Traditional Office
Square Footage 30,000
Net Rentable (SqFt) 26,863
Units 18
Occupancy 80%
Tenancy Multi
Brand/Tenant City Offices, Fire department
Lease Type Modified
Lease Term 10.5
Lease Expiration 05/31/2028
Remaining Term 2
Pro-Forma Cap Rate 6.84%
Pro-Forma NOI $82,095
Price per SqFt $40
Broker Co-Op Yes
Class C
Year Built 1980
Buildings 1
Stories 2
Acreage 1.700
Zoning Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/01/2017
Ceiling Height 12"
Loading Docks 1
Dock High Doors 1

$40.00 per sf Solid Building and Tenants

Marketing description

Looking for a place to run or grow your business?
This is a great opportunity for an owner-occupant or an investor. The property is 80% leased and located in downtown Loretto, close to shopping and restaurants.

It boasts a solid tenant mix, including long-term occupants such as the City of Loretto and the Loretto Fire Department. The combination of warehouse space and offices makes it an ideal fit for a wide range of businesses.

Highlights:

  • 80% leased with both reliable, long-term tenants and short term as well

  • Prime downtown location near amenities

  • Flexible warehouse and office space

  • Brand new HVAC units in 2025

Investment highlights

This property offers solid income with no delinquencies, is easy to manage, and still has room to grow. Current tenants include long-term occupants such as the City of Loretto and the Loretto Fire Department.

Listing Contacts

MT
MN MN 20543427
Bullseye Property Management & Realty
Listed by Bullseye Property Management & Realty

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Additional Information

Name
Michelle Twardy
License
MN 20543427
Brokerage Phone
7633008622
Brokerage Address
35 Lake Street South
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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