Listed by CIG Brokerage
$5,750,000
CLASS A | OLD NATIONAL BANK BLDG
Details
Property Type Office
Sub Type Traditional Office
Square Footage 20,217
Cap Rate 7.00%
Tenancy Multi
Class A
Year Built 2007
Stories 2
Acreage 1.160
Zoning Transit-Oriented Development (TOD)
Parking Spaces 54 spaces
Parking per 1,000 SqFt 2.67
Office | 7.00% CAP | 20,217 SqFt
Marketing description
Introducing our Class A Office, South Metro Showcase Investment Asset, located in the beautiful City of Burnsville. This impressive property features a 20,217 SF, Two-Story structure, with 4 tenants. Built in 2007, the modern design and construction ensures a contemporary workplace environment. Zoned TOD, the location presents a lucrative opportunity for an investor. Situated in the dynamic Burnsville area, the property benefits from high visibility and accessibility, ideal for attracting business tenants.
Investment highlights
- Old National Bank. Main Floor. 12/2006 - 11/2028. 7,372 SF. Features the main floor bank location plus Drive-Through access on the north side of the building.
- Heart of the City Dental. 2nd Floor. 06/2010 - 09/2030. 3,953 SF. Features a welcoming receptionist area, ample client exam rooms, X-Ray, Kitchen & Lunch Room, plus several work rooms.
- Physicians Vein Clinics PC. 2nd Floor. 10/2012 - 09/2026. 2,019 SF. Features a welcoming receptionist area, ample client exam rooms and several work rooms.
- Leonura Event Center. Lower Level. 09/2024 - 08/2029. 4,400 SF + 400 SF (Storage). The most recent buildout featuring a beautifully constructed event center for a variety of get togethers; including, but not limited to weddings, family reunions and work events.
- 2026 CAM / TAXES: $16.90 / SF
- Zoning: Transit-Oriented Development (TOD) zoning permits a mix of dense housing, retail shops, offices & civic spaces designed to make walking and taking the bus easy. This specific area sits near the I-35W corridor and Heart of the City.
- Located in the 'Heart of the City' Corridor. Burnsville's 54-acre downtown area. Centered on Nicollet Commons Park north of Burnsville Parkway, this part of the city offers a variety of housing options for a mix of incomes, along with mixed-use buildings that provide spaces for employment opportunities and civic, social, and cultural activities.
- Please contact the Listing Broker for full Rent Roll & Operating Expenses on this property. Non-Disclosure required to review.
Listing Contacts
Listed by CIG Brokerage
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