West River Buildings
West River Building Portfolio
400, 415,432 Great Oak Drive, Waite Park, MN 56387
49,876
Building SF
$459,436
NOI
 
 
6
Land Acres
IND1
Zoning Type
 
 

  • The buildings have a historical occupancy of 100% providing immediate income stability with very minimal upcoming lease renewals. The established business community of regional to national tenants adds to the leasing credibility of the property. The buildings have been well maintained by professional property management with dedicated services for facility oversight, maintenance, and tenant relations. It is separately platted with three PID numbers supporting portfolio flexibility and segmented leasing or potential disposition sales strategies.
  • West River Building 1- 415 Great Oak Dr. 1-unit at 6,674 SF. West River Building 2- 400 Great Oak Dr. 4-units at 12,729 SF. West River Building 3- 432 Great Oak Dr. 7-units at 30,473 SF.
  • Recent parking expansion of 50 new parking stalls enhance tenant and visitor accessibility which surrounds the well built masonry block with 16 foot sidewalls, stucco and brick accents, rubber membrane roofs, hollow core metal door frames with glass storefronts, and a dominant glass line across the front and sides. In addition, there are a variety of loading docks and drive-in doors in the rear with plenty of room for truck maneuvering. The buildings are fully sprinkled, featuring three phase wiring, and the roof decks are steel sheeting over steel bar trusses. There is attractive monument signage as you enter the building park.
  • Versatile use cases the building is suited for warehousing, light manufacturing, showroom, retail and flex office applications. Multi-Tenant flexibility is designed to accommodate businesses of varying sizes with scalable suite options makes these properties resilient to market conditions.
  • The attractive three parceled building is located within the thriving West River Business Park located at the corner of 10th Avenue N. and 3rd St. N in Waite Park. The building is easily accessible from Hwy 15 and 23.
  • The intersection has a daily traffic count of over 35,000 vehicles and in close proximity to several restaurants and retailers. It is well situated and accessible to CentraCare Health and St. Cloud St. University. Furthermore, the infrastructure improvements along Hwy 15 and I-94 has eased congestion, facilitating better logistics and commuting patterns.
FOR MORE DETAILS CONTACT
Chris Missling
Senior Vice-President
(612) 812-1317
Chris@GJGcommercial.com
Lic: 40756935
Theresa Hart
Senior Vice-President | SIOR Member
(612) 840-3226
Theresa@gjgcommercial.com
Lic: 40508304