Listed by Edina Realty, Edina Realty White Bear Lake
$2,875,000
The Woodgate Center
Details
Property Type Mixed Use, Office
Sub Type Medical Office
Square Footage 17,031
Cap Rate 6.3%
NOI $181,057
Occupancy 100%
Brand/Tenant DaVita, Joey C's Pizza
Price per SqFt $169
Year Built 1989
Buildings 1
Stories 1
Investment Type Value Add
Ground Lease No
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 $181,057 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
Listed by Edina Realty, Edina Realty White Bear Lake
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$181,057.00
$15,088.08/mo
Valuation Metrics
0
DSCR
6.3%
Cap Rate
6.3%
ROI
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