bankruptcy sale - loopnet · 2018-08-01 · bankruptcy sale 168,768 sq. ft. fee-owned big box...

BANKRUPTCY SALE168,768 Sq. Ft. Fee-Owned Big Box Retail Store Available

600 W. St. Germain Street, St. Cloud, MN

Property Information Memorandum

Michael Jerbich

(312) 454-2057

[email protected]

ALL INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES DEEMED RELIABLE.NO WARRANTIES OF REPRESENTATION, EXPRESSED OR IMPLIED, ARE MADE REGARDING THEACCURACY OF THE INFORMATION CONTAINED HEREIN AND SUCH INFORMATION ISSUBMITTED SUBJECT TO ERRORS, OMMISSIONS, PRIOR LEASES ASSIGNMENT, SUBLEASEAND/OR WITHDRAWAL WITHOUT NOTICE. ALL TRANSACTIONS ARE SUBJECT TOBANKRUPTCYCOURTAPPROVAL.

Chris Draper

(312) 454-4522

[email protected]

Jim Terrell

(815) 527-5188

[email protected]

Alexandra Graiser

(631) 465-9514

[email protected]

__________________________________________________OFFERING SUMMARY

• OFFERING SUMMARY

Available for sale is a 168,768 SF two-story building (including basement) that is currently owner occupied by Herbergers (a Bon-Ton store) until 08/31/18. The property is situated on a 1.33 acre parcel, and contains a 3-level building (1 sub-level plus 2 levels at or above grade). Herbergers utilizes 2-levels for its department store space (the ground floor and lower level space), while the upper level (second floor) is fully leased to Capital One Bank.

Building Details:Ground Floor: 55,697 SF

Herbergers: 35,815 SF (vacant as of 08/31/18)Capital One (Leased through 08/31/28): 9,428 SFVacant Retail 1: 2,392 SFVacant Retail 2: 565 SFVacant Retail 3: 1,145 SFCommon Area: 6,352 SF

Second Floor: Capital One (Leased through 8/31/28) - 46,143 SF

Sub-level: Herbergers: 55,697 SF (vacant as of 08/31/18)

T: 312-454 -2057 www.agrealtypartners.com

__________________________________________________PROPERTY OVERVIEW

• PROPERTY DESCRIPTION

Address:600 W. St. Germain StreetSt. Cloud, MN 56301

County: Stearns County

Land Area: 1.33 Acres

Building Size: 168,768 Sq. Ft.

Site Shape: Irregular

Site Topography: Level at Street Grade

No. Buildings / Stories: One / Three

Year Built / Renovated: 1985

Parcel ID: 82.52885.0001

Current Property Taxes: $113,258

Zoning: C3, Central Business District

Parking:

The property does not contain on-site parking; however, this is not uncommon for properties located within the downtown business core of St. Cloud. Parking is available within public parking areas such as the surface lots located to the north, as well as the multi-level parking deck located to the south.

Site Improvements:Minimal site improvements such as landscaping, concrete curbing and walks as the subject site is mostly built-out.


__________________________________________________IMPROVEMENTS OVERVIEW

• IMPROVEMENTS DESCRIPTION

• INTERIOR DETAIL

HVACGas-fired rooftop package HVAC system providing heat and cooling for the entire building

Elevator Service:The department store contains a set of escalators, 1 passenger elevator and 1 freight elevator

Fire Protection: 100% sprinklered

• MECHANICAL DETAIL

The department store building is oriented along the southeast side of St. GermainStreet and has one primary entrance from this roadway, an additional entrance at the intersection of St. Germain Street and 7th Avenue N, as well as an entrance from the southeast building elevation that faces the multi-level parking deck. The store also has multi-level access from the escalators located in the common area corridor located at the southwest portion of the building. Generally, the subject store consists of open selling floor with perimeter office, receiving, and storage space

Floor Covering: Carpet & tile

Walls: Drywall

Lighting: Fluorescent and incandescent

Ceilings: Acoustical tile

Basic Construction: Steel and masonry

Foundation: Poured concrete slab

Framing: Structural steel and masonry

Floors: Poured concrete over a metal deck

Exterior Walls: Masonry

Roof Type: Flat with parapet walls

Windows: Thermal windows in aluminum frames

Pedestrian Doors: Glass and metal


__________________________________________________PHOTOGRAPHS


__________________________________________________SURVEY


__________________________________________________AERIAL MAPS


__________________________________________________MAP & LOCATION OVERVIEW

• LOCATION SUMMARY

The property is located in the City of St. Cloud. Neighborhood boundaries are approximately 2nd Street to the north, 35th Avenue to the east, 10th Avenue to the west and 33rd Street to the south. The subject property is located in the downtown business district of St. Cloud. The location is approximately 60 miles northwest of the Minneapolis/St. Paul downtown area.

• ACCESS SUMMARY

Local: Direct access to the subject store is via W. St. Germain Street and 7thAvenue S. There is no on-site parking; however, a parking deck is locatedimmediately southeast of the property and is accessible via 1st Street S and6th Avenue S.

Regional: 2nd Street is located one block southeast of the subject. This roadway is aprimary roadway in the downtown district and provides nearby connectionswith the interstate highway system that serves the St. Cloud area as well asthe Minneapolis/St. Paul MSA.


__________________________________________________CONFIDENTIALITY AND DISCLAIMER

Confidentiality and Conditions

ALL INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES DEEMED RELIABLE. NO WARRANTIES OF REPRESENTATION, EXPRESSED OR IMPLIED, ARE MADE REGARDING THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SUCH INFORMATION IS SUBMITTED SUBJECT TO ERRORS, OMMISSIONS, PRIOR LEASES ASSIGNMENT, SUBLEASE AND/OR WITHDRAWAL WITHOUT NOTICE. ALL TRANSACTIONS ARE SUBJECT TO BANKRUPTCY COURT APPROVAL.


bankruptcy sale - loopnet · 2018-08-01 · bankruptcy sale 168,768 sq. ft. fee-owned big box...

Documents