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200 14th Ave ESartell, MN 56377
Jefferson Capital Systems Office Building
Asset ClassOffice
Net Leased Investment Property
overview of deal

Overview

 

Property Description Net leased investment property. Jefferson Capital Systems moved into the building in June of 2023 and the current lease runs through March of 2032, followed by two renewal options of five years each.

 

Location Description Located in the City of Sartell and is considered a suburban location. The City of Sartell is located in southwest Benton County , about 4 miles northwest of the St Cloud Central Business District. The property has great access from US Highway 10 and State Highway 15.

 

 

 

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Investment Highlights

Investment Highlights

  • Building Size: 34,312 SF
  • Cap Rate: 7.84%
  • NOI: $392,160
  • Price/SF: $146
  • Occupancy: 100% (Single Tenant)
  • Lease Term: Through March 2032 + (2) five-year renewal options
  • Built: 1998 (originally a build-to-suit call center)
  • Building Class: C Office

Tenant Overview

  • Tenant: Jefferson Capital Systems
  • Use: Office / Call Center Headquarters
  • Lease Start: June 2023
  • Lease Expiration: March 2032
  • Renewal Options: Two five-year extensions
  • Structure: NNN-style lease (strong credit tenant)
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200 14th Ave ESartell, MN 56377

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