Office Space - For Sale
4810 White Bear Parkway White Bear Lake, MN 55110
Details & Description
Price: $5,077,343
  • Property Type Office for Sale : Professional
  • Lot Size Acres 3.380
  • Building Sq Ft 25,817
  • Building Price per Sq Ft $196.67
  • Land Sq Ft 147,232
  • Land Price per Sq Ft $34.49
  • NOI $8,388,607
  • CAP Rate % 7.50
Brisky Net Lease is pleased to offer this well-located office opportunity in the greater Twin Cities. The extremely easy-to-own investment opportunity offers a great return, leased to Redpath, an employee-owned CPA firm. The lease has limited landlord responsibilities, under market rents, and approximately 8 years remaining. Redpath currently subleases a portion of the facility to TitleSmart, Inc., a full-service, thriving title insurance company.  Post covid leasing activity in sub-markets like White Bear Lake has arguably been favorable, and we see this market as greatly improved. The property has a convenient location with close proximity to Interstate 35E in this great Twin Cities suburb. White Bear Lake is about 10 miles from downtown St. Paul and about 20 miles from downtown Minneapolis and serves as a bedroom community for the Twin Cities Metro. 
Property Highlights
Additional Photos
Listing Agents
Brian Brisky

O: 612-413-4200
M: 715-529-4441
info@brisky.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

4810 White Bear Parkway

White Bear Lake, MN 55110

Listing ID: 300870
Property No Longer Listed
  • Property Type Office for Sale : Professional
  • Lot Size Acres 3.380
  • Building Sq Ft 25,817
  • Building Price per Sq Ft $196.67
  • Land Sq Ft 147,232
  • Land Price per Sq Ft $34.49
  • NOI $8,388,607
  • CAP Rate % 7.50
  • 4810 White Bear Parkway White Bear Lake, MN 55110 | for Sale | Photo 1
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  • 4810 White Bear Parkway White Bear Lake, MN 55110 | for Sale | Photo 3
  • 4810 White Bear Parkway White Bear Lake, MN 55110 | for Sale | Photo 4
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Property Highlights
 8 Years Remaining & Annual Rent Increases
 Large Parking Lot with Free Parking
 Limited Landlord Responsibilities
 Great Location Just off I-35E
 Solid, Long-Term Tenant
 Monument Signage
Description

Brisky Net Lease is pleased to offer this well-located office opportunity in the greater Twin Cities. The extremely easy-to-own investment opportunity offers a great return, leased to Redpath, an employee-owned CPA firm. The lease has limited landlord responsibilities, under market rents, and approximately 8 years remaining. Redpath currently subleases a portion of the facility to TitleSmart, Inc., a full-service, thriving title insurance company.  

Post covid leasing activity in sub-markets like White Bear Lake has arguably been favorable, and we see this market as greatly improved. The property has a convenient location with close proximity to Interstate 35E in this great Twin Cities suburb. White Bear Lake is about 10 miles from downtown St. Paul and about 20 miles from downtown Minneapolis and serves as a bedroom community for the Twin Cities Metro. 

White Bear Lake Area Market Trends

Listing Demographics for 4810 White Bear Parkway White Bear Lake, MN 55110

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population6,39640,861114,327
Population Median Age424241
Population by Age0-9 Yrs658 (10%)4697 (11%)14271 (12%)
10-19 Yrs499 (7%)4382 (10%)13047 (11%)
20-29 Yrs1143 (17%)4494 (10%)11852 (10%)
30-39 Yrs826 (12%)5041 (12%)14450 (12%)
40-49 Yrs625 (9%)4268 (10%)12529 (10%)
50-59 Yrs913 (14%)6108 (14%)17614 (15%)
60-69 Yrs1012 (15%)6265 (15%)15968 (13%)
70+ Yrs721 (11%)5608 (13%)14597 (12%)
Median HH Income$74,279$87,888$92,194
Total Household Income< 24K410 (14%)1708 (10%)4716 (10%)
25-49K478 (16%)2799 (16%)7110 (15%)
50-74K577 (19%)2721 (16%)6588 (14%)
75-99K422 (14%)2346 (13%)6343 (13%)
100-199K828 (28%)5330 (31%)14966 (32%)
200K+187 (6%)1971 (11%)5831 (12%)
Highest Education LevelNo Diploma2118833073
Diploma or GED890611416063
Some College1149659916737
Assoc. Degree42634028280
Bachelors Degree1336843223652
Higher Degree596453014243
Total Housing Units2,96017,43647,162
--Owner-Occupied1,61712,78935,408
--Renter-Occupied1,2844,08610,147
Owner-Occupied Values< 100K454171504
100-199K38726696301
200-299K578485512766
300-399K31722617115
400-499K1009493384
500K+19116374339
Total Working Age Population5,48933,39292,020
In Work Force3,78622,24762,075
Not In Work Force1,70211,14629,945
Workforce Employed3,64921,34659,764
Workforce Unemployed1308872,293
Civlian Workforce3,77822,23462,057
Military Workforce81318
Total Households2,90116,87545,555
Family Households1,52010,96730,505
Non-Family Households1,3815,90915,051
Married Couple1,1269,03225,079
Other Family3941,9355,426
Married w/Child4333,3199,545
Single Male w/Child192841,066
Single Female w/Child1055491,698

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Minnesota4,919,479+85,303,925+75,687,161+55,974,304
Washington County201,130+18238,136+11264,517+8285,490
Ramsey County511,0350508,640+12567,959+9616,408
Anoka County298,084+11330,844+8358,469+6380,651

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP) 16
Rochester International Airport (RST) 86
Duluth International Airport (DLH) 128
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