STNL CREATIVE PLANNING BUSINESS SERVICES | 220 Park Ave S
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
STNL CREATIVE PLANNING BUSINESS SERVICES 220 Park Ave S
23,688 SF 100% Leased Office Building Saint Cloud, MN 56301 $7,885,166 CAD ($333 CAD/SF) 7.25% Cap Rate
Investment Highlights
- 100% Leased By Creative Planning Business Services | A Leader in the Financial Services Industry
- Attractive 2.5% Annual Rental Increases | One (5) Year Renewal Option To Extend
- Property Was Substantially Renovated in 2024 | Approx. $650,000 Invested
- Solid Going In Cap Rate of 7.25% | $403,320 NOI
- NNN Lease Structure | Very Limited Landlord Responsibilities (Roof & Structure)
Executive Summary
CBC Orion Real Estate Advisors are pleased to offer For Sale the Creative Planning Business Services property located in Saint Cloud, MN. The subject property is a single-tenant, 23,688 square foot high quality office building – 100% NNN leased by Creative Planning Business Services. The investment offers a solid going in Cap Rate of 7.25% with approx. (6) Six years of lease term remaining on its initial lease term. The lease contains attractive 2.5% annual rental increases, with one-five-year renewal option to extend.
The property offers qualified investors a strong rental income stream with rental growth in a strong market. Property is conveniently located just one block off of 2nd Street (27,000 VPD traffic count) a major retail and business hub. Excellent location with close proximity to major thoroughfares (Highway 23, Hwy 15, 2nd Street & Division Street), major retailers, restaurants and more. Saint Cloud is a MSA serving over 200,000 and is approximately 60 miles northwest of the Twin Cities.
Building consists of one – single-story high-quality granite/stucco & glass office building consisting of 23,688 SF building on 1.89 acres. The tenant, Creative Planning Business Services (S&P BB rating), is one of the largest financial services companies in North America. Creative Planning (f/k/a BerganKDV) has been in the building since 2005. Additionally, in 2024 the property has undergone substantial property enhancements with over $645,000 invested. Building amenities include high quality office finishes, ample parking at the door, fully sprinkled, attractive granite & glass exterior, extensive landscaping, and much more.
Excellent opportunity to acquire this high quality 100% occupied single tenant NNN leased investment property with long term lease in place. Excellent 1031 exchange opportunity.
*** Offered For Sale at $5,563,041 ***
Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for Further Details on this Offering (320) 267-4576
The property offers qualified investors a strong rental income stream with rental growth in a strong market. Property is conveniently located just one block off of 2nd Street (27,000 VPD traffic count) a major retail and business hub. Excellent location with close proximity to major thoroughfares (Highway 23, Hwy 15, 2nd Street & Division Street), major retailers, restaurants and more. Saint Cloud is a MSA serving over 200,000 and is approximately 60 miles northwest of the Twin Cities.
Building consists of one – single-story high-quality granite/stucco & glass office building consisting of 23,688 SF building on 1.89 acres. The tenant, Creative Planning Business Services (S&P BB rating), is one of the largest financial services companies in North America. Creative Planning (f/k/a BerganKDV) has been in the building since 2005. Additionally, in 2024 the property has undergone substantial property enhancements with over $645,000 invested. Building amenities include high quality office finishes, ample parking at the door, fully sprinkled, attractive granite & glass exterior, extensive landscaping, and much more.
Excellent opportunity to acquire this high quality 100% occupied single tenant NNN leased investment property with long term lease in place. Excellent 1031 exchange opportunity.
*** Offered For Sale at $5,563,041 ***
Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for Further Details on this Offering (320) 267-4576
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
23,688 SF
Building Class
B
Year Built/Renovated
2006/2024
Price
$7,885,166 CAD
Price Per SF
$333 CAD
Cap Rate
7.25%
NOI
$571,675 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
23,688 SF
Building FAR
0.29
Land Acres
1.89 AC
Zoning
PUD37 - Planned Unit Development
Parking
100 Spaces (4.22 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Signage
- Reception
- Natural Light
1 of 1
PROPERTY TAXES
| Parcel Number | 82.46714.0044 | Improvements Assessment | $1,036,748 CAD |
| Land Assessment | $304,720 CAD | Total Assessment | $1,341,469 CAD |
PROPERTY TAXES
Parcel Number
82.46714.0044
Land Assessment
$304,720 CAD
Improvements Assessment
$1,036,748 CAD
Total Assessment
$1,341,469 CAD
-
Scott M. Schmitt, CCIM -
CBC ORION REAL ESTATE ADVISORS, INC.
1 of 31
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
STNL CREATIVE PLANNING BUSINESS SERVICES | 220 Park Ave S
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.