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The information herein was obtained from sources deemed to be reliable. The
information includes projections, assumptions and estimates as examples only and of a forecast nature yet may not represent actual, current or future performance. We make no guarantees or warranties. It is submitted subject to the possibility of withdrawal without notice, errors, change of price, omissions, financing, rental or other conditions. You and your tax and legal advisors should conduct your own investigation of the property and contemplated or proposed transactions.
Last Updated September 2, 2008
©2008 RSRMN, LLC All Rights Reserved
©2008 RSRMN, LLC All Rights Reserved
Douglas Commons—Office/Retail for SALE or LEASE
Leasing Information
Contact: Direct: 612.685.0373
Lease Pricing
| Unit Number | Square Feet | Lease Rate (NNN) | Lease Rate (NNN) | Monthly Payment |
| 6250 | 1,486 | $14.00/SF | $5.30/SF | $2,390.18 |
| 6254 | 1,404 | $14.50/SF | $5.30/SF | $2,316.78 |
| 6258 | 1,290 | $13.00/SF | $5.30/SF | $1,967.42 |
| 6266 | 1,663 | $12.00/SF | $5.30/SF | $2,397.71 |
| 6274 | 1,405 | $12.00/SF | $5.30/SF | $2,025.73 |
| 6282 | 1,980 | $12.00/SF | $5.30/SF | $2,854.76 |
Site Data
Contact:
Direct:
612.685.0373
| List Price: | $1,601,777.00 |
| Lease Rate: | $12.00-$14.00/SF NNN |
| Location: | 6250-6282 Douglas Ct. Champlin, MN 55316 |
| PID No.: | 3312021330089 |
| Taxes (2008): | $8,150.16 |
| Zoning: | CN - Neighborhood Commercial District |
| Lot Size: | ~36,600 SF |
| Lot Dimensions: Fr. NE corner |
253.45 x 168.53 x ~94 x 8.31 x 178.33 x 140 |
| Topography: |
Developed, curb and gutter, sidewalks |
| Utilities: Electric: | Xcel Energy |
| Gas: | Centerpoint Energy |
| San. Sewer: | Municipal |
| Water: | Municipal |
| No. of Bldgs.: |
1 |
| Building SF: | 9,228 (leasable) |
| No. of Units: | 6 |
| Building Type: | Brick, wood |
| Year Built: | 2008 |
| Parking: | Ample off street |
| Access: | Just off Douglas Drive, half a block north of 109th Ave. |
Brand New Building!
Minutes from 169/610!
Purchase Information
| Sale Price: | $1,601,777.00 ($173.58/SF) |
| Operating Income: | $12.00-$14.00/SF NNN |
| Annual Debt Service*: | 6250-6282 Douglas Ct. Champlin, MN 55316 |
| Adj. Op. Exp.: | ($0.00) |
| CAM & Tax Back Out: | $8,150.16 |
| Income from Operation: | ($1,162.15) |
| Depreciation Estimate: | $26,666.67 |
| Net Effective ROI: | 7.96% |
| Capitalization Rate: |
7.08% |
*Assumes 20% down payment and 20 year, 6.5% loan terms
Download PDF for Offline Reference,
To schedule a showing contact direct: 612.685.0373
