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28042402
28042403

1850 Weir Dr, Woodbury, MN 55125

SE
MN 20160700
Edina Realty
Edina Realty White Bear Lake
Listed by Edina Realty, Edina Realty White Bear Lake
$2,875,000
206 days on market
Updated 16 days ago

The Woodgate Center

Details
Property Type Mixed Use, Office
Sub Type Medical Office
Square Footage 17,031
Cap Rate 4.48%
NOI $128,841
Occupancy 100%
Brand/Tenant DaVita, Joey C's Pizza (+2)
Price per SqFt $169
Year Built 1989
Buildings 1
Stories 1
Investment Type Value Add

Great Owner-User Oppurtunity

Marketing description

Woodgate Center presents an exceptional investment opportunity in the heart of Woodbury’s thriving medical district. Situated directly across from M Health Fairview Woodwinds Hospital, this multi-tenant property offers stable income with strong upside through future medical repositioning and rental growth

Investment highlights

  • Rare Medical Zoning: Allows for immediate expansion and higher-rent medical or specialty care uses — a unique advantage in the Woodbury market.

  • Value-Add Potential: Current NOI of approximately $129,000 annually with significant upside through tenant repositioning and lease restructuring.

  • Prime Medical Location: Situated in Woodbury’s premier healthcare district, right across the street from M Health Fairview Woodwinds Hospital

  • High Traffic Exposure: Excellent visibility and access from I-494 and Valley Creek Road, one of the city’s busiest intersections.

  • Strong Market Fundamentals: Woodbury is one of Minnesota’s fastest-growing and highest-income suburbs, supporting long-term tenant stability and rent growth.

Listing Contacts

SE
MN 20160700
Edina Realty
Edina Realty White Bear Lake
Listed by Edina Realty, Edina Realty White Bear Lake

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$128,841.00
$10,736.75/mo

Valuation Metrics

0
DSCR
4.48%
Cap Rate
4.48%
ROI

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Additional Information

Name
Steven Edlefsen
License
20160700
Brokerage
Edina Realty
Title
President
Brokerage Address
11800 Singletree Lane
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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