FOR SALE FACTS & FEATURES List Price: $1,350,000 Flex: Industrial + Office 51,374 Total Square Feet Stable Income with Big Value Add Opportunity Price Per Square Foot: $26/SF High Traffic Area - 14,600 Vehicles per Day on Como Minutes from Downtown St. Paul MARK HULSEY Managing Broker Hayden Hulsey, CCIM Commercial Broker Mobile 651.755.2068 Office 651.256.7404 Mobile 651.769.4826 Office 651.256.7404 mark@resultscommercial.com hayden@resultscommercial.com
PROPERTY INFORMATION LIST PRICE: $1,350,000 PRICE PER SQUARE FOOT: $26/SF PROPERTY TYPE: Flex - Industrial + Office BUILDING SIZE: 51,374 Total Square Feet Basement (leased with tenants in place): 16,958 SF 1st Floor: 16,958 SF 2nd Floor: 16,958 SF 3rd Floor: 500 SF TOTAL ACREAGE: 0.5 Acres TOTAL LOT SIZE: 16,544 SF PID NUMBER: 362923120003 COUNTY: Ramsey 2017 PROPERTY TAXES: $36,724 CURRENT ZONING: I1 Light Industrial TRAFFIC: 14,600 VPD on Concord Blvd LOCATION: Intersection of Como Ave and W Minnehaha Ave, just NW of Downtown St. Paul. 5 min drive from CBD, less than a mile from State Capital. Ceiling Heights: 8-12 ft in office. 12-16 ft in warehouse space. HVAC: Mix of furnaces & unit heaters for Heat. Rooftop AC Units serving offices on 1st & 2nd level. No heat in basement, but stays comfortable. Heat could be added fairly easily in basement as the space is very accessible. Meters: 2 gas meters. One main for the building and separate gas meter for screen printing tenant. Parking: Spaces on both the NW (left side of bldg) & NE (back) sides of building. Adjacent lot to the West can be used for parking. Roof: Gravel. At least 15 years old. Some patch work completed. Easements: There are perpetual easements in place on the back and west side of the building. Additional info available. Fire Suppression & Sprinklers: Only Basement is sprinkled. Owner ran enough services to building when doing the basement sprinkle job to sprinkle entire building with the current system/water main. Description: Perfect for investor or Owner/User. 51,374 SF Flex (Industrial/Office) located just minutes from downtown St. Paul on Como Ave. Stable income with big value add opportunity. Regularly serviced freight elevator that serves each floor. Rear of building has a ramp, pick-up truck height dock, and semi-truck height dock. All tenants are month to month with some in place for 30+ years. Rents are well below market rates. Mix of Gross and Modified Gross leases. Fantastic building and location for an owner/user to step in or an investor to purchase and generate additional income quickly. Financials: Non-Disclosure agreement (NDA) must be complete prior to receiving financials. NDA can be found on the property website or contact the Listing Brokers.
FOR SALE
Floor Plan: 1st Floor
Floor Plan: 2nd Floor
Floor Plan: Basement
FOR SALE
REALIST: Tax Parcel Outlines
FOR SALE Pierce Butler Route Extension The adjacent property owned by Advance Disposal and will be purchased by the City of St. Paul if/when the Pierce Butler Extension Project is implemented. Nearby properties will be altered and repurposed to accommodate the road extension however the building located at 293 Como will remain unchanged. The parking lot to the NW of 293 Como will likely be eliminated as it is a part of the Advance Disposal property. Additional information is available from Broker.
Zoning: I1 Light Industrial I1 - Light Industrial The I1 light industrial district is intended to accommodate wholesale, warehouse, and industrial operations whose external physical effects are restricted to the area of the district and in no manner affect surrounding districts in a detrimental way. The I1 district is intended to permit, along with other specified uses, the manufacturing, compounding, processing, packaging, assembly, or treatment of finished or semi finished products from previously prepared material.
TRAFFIC COUNT: 14,600 VPD on Como Ave
DEMOGRAPHICS: 1 Mile Radius
City of St. Paul Whether you're looking for hockey, history or hops, you ll find them all in Saint Paul. A blue collar city built on the bluffs of America s greatest river - the Mississippi. We are North America s most romantic getaway, the top-ranked park system and the best local food scene. Saint Paul is known as the City of Neighborhoods, each offering a celebration of the city s long-cherished heritage and diversity. Life in these vibrant neighborhood districts flows deep with tradition, with many of the restaurants and businesses proudly bearing the names of the immigrant families who founded them generations ago. Saint Paul s history as Prohibition-era hotbed for gangsters, gals and whiskey runners is well known. Saint Paul celebrates this storied past by offering tours of sites where the gangsters once lived as they planned and executed the most notorious crimes perpetrated in the upper Midwest. Gangster tours highlight the sites of nightclubs, kidnappings and gun battles associated with the lawlessness of the 1930 s. As the arts and culture capital of the Midwest, Saint Paul boasts more than 52,000 theater seats, three world-class museums, legendary historic sites and a vibrant arts and entertainment community. The Ordway Center for the Performing Arts, located in downtown Saint Paul, is recognized as one of the nation s leading not-for-profit performing arts centers, with nearly 500 performances annually, including several Broadway hits. Ordway is also home to the Minnesota Opera and Saint Paul Chamber Orchestra.
OFFERED EXCLUSIVELY BY MARK HULSEY Managing Broker 651.755.2068 mobile 651.256.7404 office hayden@resultscommercial.com HAYDEN HULSEY, CCIM Commercial Broker 651.769.4826 mobile 651.256.7404 office hayden@resultscommercial.com No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions, imposed by RE/MAX Results - Commercial Group.