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1710 Douglas Dr N
Golden Valley, MN 55422 Glenwood Junction

$4,950,000 USD

Business Park For Sale  •  56,027 SF

Property Details

  • Property Type Business Park
  • Total Building Size 56,027 SF
  • Lot Size 4.17 AC
  • Building Class C
  • Year Built 1965
  • Cap Rate 8.36 %
  • Tenancy Multiple
  • Zoning O / Office
30 Transit Score
50 Walk Score

Highlights

Outstanding location on Douglas Drive in Golden Valley, MN just off the Duluth exit on Highway 100 in the 394 Office submarket
Quality space for a user to buy and occupy, or considerable value-add opportunity for an investor • 4.17 acre site size currently zoned O/Office
Simplicity of gross leases and operates like an apartment building with extremely low-to-no releasing costs
Currently 87% leased producing a stable NOI from a core group of tenants with many currently MTM, but have long term tenancy
MTM leases ensure flexibility for a user or developer to take advantage of a premier location in the Twin Cities
Steady cash flow with ~$779,174 annual 2025 gross income. • Annual 2025 expenses of ~$365,274 or $6.52/SF

Property Flyers

Cap Rate: 8.36 %

Public Transportation

Commuter RailDriveWalkDistance
Target Field Station (Northstar Corridor - Northstar Commuter Rail) 12 min - 5.2 mi
Fridley Station (Northstar Corridor - Northstar Commuter Rail) 15 min - 8.8 mi
AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 28 min - 18.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 106
Type: Surface
Included in Rent: Yes
Harrison Wagenseil 952-924-4600 CBRE
Harrison Wagenseil 952-924-4600 CBRE