FOR SALE | $3,575,000

Property Description:

St. Germain Office Plaza3713 23rd St S | St. Cloud, MN 56301

This Class B+ professional office building totals 29,567 square feet of high design office space on three floors. It is perfectly located on the growing south side of St. Cloud; in close proximity to the emerging central business districts along Roosevelt Road and 2nd Street South. This properties top quality masonry steel construction has been well maintained since being built by the owner occupant in 2006. It enjoys outstanding visibility with easy access and great pylon signage. A building of this quality and location is a rare purchase opportunity in the St. Cloud market.

Kate Hanson320.420.6485katieh@gcremn.com

Executive Summary

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Property Details: • Property located at 3713 23rd Street, St. Cloud, MN 56301. • Built in 2006.• 29,567 Total Gross Footprint, including basement and garage.• 98,345 SF site; 123 parking stalls (with 2 garage stalls).• Stearns County parcel ID # 82.44444.0209.• 2019 Estimated value for taxes - $2,244,000.• 2019 Real Estate Taxes - $81,352.• Zoning: PUD 56 (Planned Unit Development).

Building Tenants:• Stantec Consulting Services Inc.: 6,652 rentable square feet.• riteSOFT, LLC: 4,665 rentable square feet.• Bedrock Logistics, LLC: 2,598 rentable square feet.• Aerotek, Inc: 5,283 rentable square feet.• 3,204 rentable square feet.

Financials: • Existing leases generate $264,871.71 in annual base rent.• Verifiable operating data indicates the current net operating

income (NOI) of approximately $241,162.11.• Potential NOI of $302,919. • Complete financial data available to qualified buyers.

Property Highlights:• Located near Highway 15 and the Granite Interchange, the New Tech High

School and Costco store. • Building amenities include: fitness center, second story balcony, elevator,

medical needs room, and lower level storage.• State of the art climate controls and ventilation systems. • Great food, shopping, and financial services in the immediate neighbor-

hood.• High efficiency mechanical and electrical systems.• The property enjoys excellent co-tenancy and stable rents.

Disclaimer: *All materials and information received or derived from Granite City Real Estate, LLC (GCRE), its directors, officers, agents, advisors, affiliates and/or any third party sources are without representation or warranty as to completeness, veracity, or accura-cy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property, for any party’s intended use or any and all other matters. Neither GCRE its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters or significance to such party. GCRE will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. GCRE makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. GCRE does not serve as a financial advisor to any party regarding any proposed transactions. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by GCRE in compliance with all applicable fair housing and equal opportunity laws.

Stantec Founded in 1954. Stantec provides services such as architecture, building engineering, environmental services, community development and more. Stantec trades on the TSX and the NYSE under the symbol STN. They are a global company.

riteSOFTFounded in 2006, riteSOFT® provides software solutions to automate data collection for small and medium-sized business (SMB) manufacturers and distributors around the globe. riteSCAN® Mobile Warehouse for SYSPRO™ and riteTIME® Labor Data Collection—leverage information and technology to optimize efficiency and sharpen the competitive edge. Trusted by more than 5,000 users and 35 resellers in 10 countries, riteSOFT’s easy-to-use software applications automate and optimize warehouse and manufacturing operations in real-time.

Bedrock LogisticsFounded in 1979. Grown from the roots of a $400M+ manufacturing conglomerate, Bedrock is backed by a unique ownership with over 35 years of manufacturing and transportation experience. Customers include Home Depot and Wal-Mart as well as thousands of commercial & Residential project sites, delivering from Parvestone’s 16 factories across the country. Bedrock has grown its Truckload and LTL service and expects to surpass $80 million in revenue with over 70,000 deliveries in the next 12 months.

AerotekFor more than 30 years, Aerotek® Inc. has distinguished itself as a leader in recruiting and staffing services by having a deep understanding of the intersection of talent and business. As a strategic partner to more than 18,000 clients and 300,000 contract employees every year, Aerotek’s people-focused approach yields competitive advantage for its clients and rewarding careers for its contract employees. Headquartered in Hanover, Md., Aerotek operates a network of over 250 non-franchised offices with more than 8,000 internal employees dedicated to serving our customers. Aerotek is an operating company of Allegis Group, a global talent solutions provider. Aerotek earned recognition on Forbes’ 2018 List of America Best Large Employers.

Tenant Breakdown

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Floor Site Plans

1st Floor

2nd Floor

Basement

Suite 201Vacant

Suite 100

Suite 202

Suite 101

Suite203

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Site Plan

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Additional Photos

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3900 Roosevelt Road #125 | St. Cloud, MN 56301Office: 320.253.003 Fax: 320.253.006www.gcremn.com

Aerials

Kate Hanson320.420.6485katieh@gcremn.com

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New St. CloudTech LocationNew St. CloudTech Location