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Impressive exterior design with six separate office suites!
Convenient location near schools and residential neighborhoods. Easy commuter access from Highway 12 via 109th Street. Great spot for almost anything—convenience store, medical office or medical supply company, day spa, travel agency...you name it! It’s a prime choice for owner-occupied with extra income from leased units or straight out investment property with lease revenues.
A gorgeous brick building built in 2008 with an easy care exterior. Ample off street parking with spots close to every suite. Two interior suites are finished and leased, leaving four shells waiting for your, or your tenants’, custom buildout. Combine adjacent suites for even more luxury!
Purchasing Information Leasing Information
Site Data
Contact:
Direct:
612.685.0373
| List Price: | $1,097,777 |
| Lease Rate: | $12.00-$14.00/SF NNN |
| Location: | 6250-6282 Douglas Ct. Champlin, MN 55316 |
| PID No.: | 3312021330089 |
| Taxes (2010): | $21,223.54 |
| 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. |
New Building!
Minutes from 169/610!
Purchase Information
| Sale Price: | $1,097,777.00 ($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 Sale Info (PDF)
Leasing Information
| Unit Number | Square Feet | Lease Rate (NNN) | Lease Rate (NNN) | Monthly Payment |
| 6250 | 1,408 | $14.00/SF | $4.75/SF | $2,200.00 |
| 6254 | 1,432 | $14.50/SF | $4.75/SF | $2,297.17 |
| 6258 | 1,275 | LEASED | $4.75/SF | LEASED |
| 6266 | 1,633 | $12.00/SF | $4.75/SF | $2,735.28 |
| 6274 | 1,405 | $12.00/SF | $4.75/SF | $1,961.15 |
| 6282 | 1,980 | LEASED | $4.75/SF | LEASED |
Download Lease Info (PDF)
To schedule a showing contact direct: 612.685.0373
