for sale 293 como ave, saint paul, mn 55103 perfect for ... · city, state, zip saint paul, mn...
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FOR SALE 293 COMO AVE, SAINT PAUL, MN 55103PERFECT FOR INVESTOR OR OWNER/USER
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
LOCATION INFORMATION 16
DEMOGRAPHICS 23
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51,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
TABLE OF CONTENTS
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
OFFERING SUMMARY
Sale Price: $1,250,000
Lot Size: 0.5 Acres
Year Built: 1908
Building Size: 51,374
Zoning: I-1 Light Industrial
Traffic Count: 14,600
Price / SF: $24.33
Perfect for investor or Owner/User. 51,374 SF Flex (Industrial/Office) located just minutes from downtown St. Paul onComo Ave. Stable income with big value add opportunity. Regularly serviced freight elevator that serves each floor.Rear of building has a ramp, pick-up truck height dock, and semi-truck height dock. All tenants are month tomonth with some in place for 30+ years. Rents are well below market rates. Mix of Gross and Modified Gross leases.Fantastic building and location for an owner/user to step in or an investor to purchase and generate additionalincome quickly.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• Flex: Industrial/Office
• 50,000 Square Feet
• Stable Income with Big Value Add Opportunity
• Price Per Square Foot: $24.33/SF
• High Traffic Area — 14,600 VPD on Como Ave
• Minutes from Downtown St. Paul
• All Gross or Modified Gross Leases
S E C T I O N / P A G E 351,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
EXECUTIVE SUMMARY
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
SALE PRICE $1,250,000
LOCATION INFORMATION
Building Name 293 Como
Street Address 293 Como Avenue
City, State, Zip Saint Paul, MN 55103
County/Township Ramsey
Cross Streets W Minnehaha Ave
BUILDING INFORMATION
Building Size 51,374 SF
Tenancy Multiple
Number Of Grade Level Doors 1
Number Of Dock High Doors 1
Number Of Floors 3
Average Floor Size 16,958 SF
Year Built 1908
Load Factor Yes
Roof Gravel. At least 15 years old. Some patch
work completed.
Free Standing No
Number Of Buildings 1
Ceilings Mix of Exposed wood and drop ceilings.
PROPERTY DETAILS
Property Type Industrial
Property Subtype Flex Space
Zoning I-1 Light Industrial
Lot Size 0.5 Acres
APN# 362923120003
Traffic Count 14,600
Traffic Count Street Como Ave
2017 Taxes $36,724
PARKING & TRANSPORTATION
Parking Type Surface
Parking Description Spaces on both the NW (left side of bldg) & NE (back)
sides of building. Adjacent lot to the West can be used
for parking.
Trailer Parking Spaces on both the NW (left side of bldg) & NE (back)
sides of building. Adjacent lot to the West can be used
for parking.
S E C T I O N / P A G E 451,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
PROPERTY DETAILS
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
SALE PRICE $1,250,000PARKING & TRANSPORTATION
Parking Type Surface
Parking Description Spaces on both the NW (left side of bldg) & NE (back)
sides of building. Adjacent lot to the West can be used
for parking.
Trailer Parking Spaces on both the NW (left side of bldg) & NE (back)
sides of building. Adjacent lot to the West can be used
for parking.
UTILITIES & AMENITIES
Number Of
Elevators
1
Central
HVAC
Heat: Furnaces & Unit Heaters. Rooftop AC for 1st & 2nd level
offices. No heat in basement, but stays comfortable.
Restrooms 6
Sprinklers Only basement is sprinkled. Service was brought in to sprinkle
entire building if needed.
Gas /
Propane
2 gas meters. One main for the building and separate gas
meter for screen printing tenant.
Exterior
Description
Brick
S E C T I O N / P A G E 551,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
PROPERTY DETAILS
S E C T I O N / P A G E 651,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
PHOTO GALLERY
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
S E C T I O N / P A G E 751,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
PHOTOS
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
S E C T I O N / P A G E 851,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
PHOTOS
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
S E C T I O N / P A G E 951,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
PHOTOS
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
S E C T I O N / P A G E 1 051,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
PHOTOS
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
S E C T I O N / P A G E 1 151,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
PHOTOS
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
BASEMENT1
S E C T I O N 2 / P A G E 1 851,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
FLOOR PLAN
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
MAIN LEVEL2
S E C T I O N / P A G E 1 351,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
FLOOR PLAN
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
UPPER LEVEL3
S E C T I O N / P A G E 1 451,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
FLOOR PLAN
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
The adjacent property owned by Advance Disposal and will be purchased by the City of St. Paul if/when the Pierce ButlerExtension Project is implemented. Nearby properties will be altered and re-purposed to accommodate the road extensionhowever the building located at 293 Como will remain unchanged. The parking lot to the NW of 293 Como will likely beeliminated as it is a part of the Advance Disposal property. Additional information is available from Broker.
S E C T I O N / P A G E 1 551,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
PIERCE BUTLER ROUTE EXTENSION
LOCATION INFORMATION
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
L1 - LIGHT INDUSTRIAL
The I1 light industrial district is intended to accommodate wholesale, warehouse, and industrial operations whose external physical effects are restricted to the area ofthe district and in no manner affect surrounding districts in a detrimental way. The I1 district is intended to permit, along with other specified uses, the manufacturing,compounding, processing, packaging, assembly, or treatment of finished or semi finished products from previously prepared material.
For more information on L1 - Light Industrial Zoning please visit: https://library.municode.com/mn/st._paul/codes/code_of_ordinances?nodeId=PTIILECO_TITVIIIZOCO_CH64ZOCOIG_ARTV64.500.SPREZODI_S64.506I3INDI
S E C T I O N 1 / P A G E 1 751,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
ZONING
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
S E C T I O N 1 / P A G E 1 851,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
PARCEL MAP
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
293 Como
S E C T I O N 1 / P A G E 1 951,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
REGIONAL MAP
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
S E C T I O N 1 / P A G E 2 051,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
LOCATION MAPS
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
S E C T I O N 1 / P A G E 2 151,374 SQUARE FOOT - FLEX (INDUSTRIAL + OFFICE) - 24 UNITS293 COMO AVENUE, SAINT PAUL, MN 55103
RETAILER MAP
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
ST. PAUL
Whether you're looking for hockey, history or hops, you’ll find them allin Saint Paul. A blue collar city built on the bluffs of America’s greatestriver - the Mississippi. We are North America’s most romantic getaway,the top-ranked park system and the best local food scene. Saint Paulis known as the “City of Neighborhoods,” each offering a celebrationof the city’s long-cherished heritage and diversity. Life in thesevibrant neighborhood districts flows deep with tradition, with many ofthe restaurants and businesses proudly bearing the names of theimmigrant families who founded them generations ago.
Saint Paul’s history as Prohibition-era hotbed for gangsters, gals andwhiskey runners is well known. Saint Paul celebrates this storied pastby offering tours of sites where the gangsters once lived as theyplanned and executed the most notorious crimes perpetrated in theupper Midwest. Gangster tours highlight the sites of nightclubs,kidnappings and gun battles associated with the lawlessness of the1930’s.
As the arts and culture capital of the Midwest, Saint Paul boasts morethan 52,000 theater seats, three world-class museums,legendary historic sites and a vibrant arts and entertainmentcommunity. The Ordway Center for the Performing Arts, located indowntown Saint Paul, is recognized as one of the nation’s leadingnot-for-profit performing arts centers, with nearly 500 performancesannually, including several Broadway hits. Ordway is also home tothe Minnesota Opera and Saint Paul Chamber Orchestra. Fans ofMinnesota Public Radio can look on as Garrison Keillor broadcasts “APrairie Home Companion” live from the Fitzgerald Theater, namedafter the famous Minnesota author, F. Scott Fitzgerald.
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CITY OF ST. PAUL
DEMOGRAPHICS
Presented By:
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
POPULATION 2 MILES 2.5 MILES 3 MILES
Total population 82,876 121,139 160,943
Median age 30.6 31.2 31.6
Median age (Male) 30.1 30.4 30.5
Median age (Female) 32.1 32.6 33.1
HOUSEHOLDS & INCOME 2 MILES 2.5 MILES 3 MILES
Total households 35,102 50,400 66,062
# of persons per HH 2.4 2.4 2.4
Average HH income $50,895 $53,891 $56,106
Average house value $255,936 $258,675 $260,871
ETHNICITY (%) 2 MILES 2.5 MILES 3 MILES
Hispanic 8.0% 9.0% 10.0%
RACE (%)
White 49.4% 52.3% 56.1%
Black 24.1% 22.3% 19.8%
Asian 19.1% 17.7% 16.3%
Hawaiian 0.0% 0.0% 0.0%
American Indian 1.1% 1.1% 1.1%
Other 2.4% 2.7% 2.8%
* Demographic data derived from 2010 US Census
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DEMOGRAPHICS MAP