2303 Wycliff St

Office: General

2303 Wycliff St, St PaulMN 55114

Property Details

Location

Address
2303 Wycliff St, St PaulMN 55114
County
Ramsey
Submarket
MN - Northeast
Cross Street
Wycliff St & Bradford St
In Opportunity Zone
Yes

Building Size

Building Size
44,080 SF
Rentable Space
42,316 SF

Building Details

Type
 Office: General
Number of Buildings
1
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
B
Building Status
Existing
Floors
3
Elevators
1
Year Built
1902
Sprinklers
Primary Const.
Brick
Total Parking
82
Parking Ratio
1.94
Condominiumized
Yes

Land & Utilities

Land (Acres)
1.65 Acres
Land (SF)
71,874 SF
Sanitary Sewer
Yes, City
Water
Yes, City
Zoning
I2
Lot Depth
Lot Width

Contacts

Current Listings

Value-Add Portfolio @ the Midway

42,316 SF$6,500,000
Cap Rate: 7.68%
Newmark

2303 Wycliff is a 100% occupied, 42,316 square foot brick and timber, creative office building.​ The multi-tenant property boasts strong occupancy since its redevelopment in 2018.​ 2303 Wycliff has been meticulously renovated with more than $726,000 having been spent on building improvements in recent years.​ Recent tenant expansion and renewal activity validates the market rent and demonstrates the ongoing viability of the Property that faces limited competition.​ The Owner has recently completed re-surfacing of an adjacent parking lot that added 32 parking spaces bringing the total number of free parking stalls to 82.​ Together with the abundant and free street parking, 2303 Wycliff will continue to be an attractive opportunity for small to mid-size businesses.​ The Property fits well within the creative class of office buildings and is of a desirable size that will appeal to local investors who own similar property.​

Newmark

2303 Wycliff is a 100% occupied, 42,316 square foot brick and timber, creative office building.​ The multi-tenant property boasts strong occupancy since its redevelopment in 2018.​ 2303 Wycliff has been meticulously renovated with more than $726,000 having been spent on building improvements in recent years.​ Recent tenant expansion and renewal activity validates the market rent and demonstrates the ongoing viability of the Property that faces limited competition.​ The Owner has recently completed re-surfacing of an adjacent parking lot that added 32 parking spaces bringing the total number of free parking stalls to 82.​ Together with the abundant and free street parking, 2303 Wycliff will continue to be an attractive opportunity for small to mid-size businesses.​ The Property fits well within the creative class of office buildings and is of a desirable size that will appeal to local investors who own similar property.​

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

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