1301 Miller Trunk Hwy
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1301 Miller Trunk Hwy
10,000 SF 100% Leased Office Building Duluth, MN 55811 $4,535,904 CAD ($454 CAD/SF) 7.56% Cap Rate
Investment Highlights
- Great Visibility. Front row in retail corridor
- Lots of Parking
Executive Summary
Fully leased building on Miller Trunk HWY. Tenants include Essentia Orthopedics and Northway Avademy. Continued Residential and Commercial development makes this a solid long term investment.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,000 SF
Building Class
C
Year Built
1933
Price
$4,535,904 CAD
Price Per SF
$454 CAD
Cap Rate
7.56%
NOI
$343,028 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,000 SF
Slab To Slab
10’
Building FAR
0.16
Lot Size
1.41 AC
Zoning
Commercial - Commercial
Parking
48 Spaces (4.8 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
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PROPERTY TAXES
| Parcel Number | 010271004670 | Improvements Assessment | $1,885,791 CAD |
| Land Assessment | $1,241,020 CAD | Total Assessment | $3,126,811 CAD |
PROPERTY TAXES
Parcel Number
010271004670
Land Assessment
$1,241,020 CAD
Improvements Assessment
$1,885,791 CAD
Total Assessment
$3,126,811 CAD
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1301 Miller Trunk Hwy
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