Office Space - For Sale
1609 Jackson Street Saint Paul, MN 55117
Details & Description
Price: $1,705,241
  • Property Type Office for Sale : Medical
  • Lot Size Acres 1.060
  • Building Sq Ft 6,854
  • Building Price per Sq Ft $248.80
  • Land Sq Ft 46,173
  • Land Price per Sq Ft $36.93
  • NOI $8,388,607
  • CAP Rate % 6.25
These properties may be purchased individually or as a portfolio.Meridian Behavioral Health is one of the fastest growing, leading behavioral healthcare platforms in the country. Currently, there are 20 locations; 10 operating under Meridian name and 10 operating under New Beginnings. Properties located throughout Minnesota.The tenant on the lease is Latitudes Treatment Center, LLC with a guaranty by Meridian Behavioral Health, LLC. Meridian is one of over 150 companies owned by the Audax Group which is a middle market private equity leader that has invested over $9 billion in 150 platform companies and over 1,100 add-on acquisitions.This location has operated as chemical dependency center for 20+ years. It is extremely challenging to receive zoning approval for chemical dependency centers.The Property was remodeled in 2013. Large lot size and the ability to expand building size.One year and 10 months remain on a NNN lease with annual 4% rent increases.5-Mile population of 349,310 and average household income over $92,592.Located in Opportunity Zone.Saint Paul is the capital of Minnesota, and the county seat of Ramsey County. Ramsey is the most densely populated county in Minnesota. Major corporations headquartered in Saint Paul include Ecolab and Securian Financial Group Inc. The 3M Company is often cited as one of Saint Paul’s companies, though it is located in adjacent Maplewood.
Listing Agents
Deborah Vannelli

O: 612-332-6600
M: 612-376-4475
deb@upland.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.

1609 Jackson Street

Saint Paul, MN 55117

Listing ID: 302390
Property No Longer Listed
  • Property Type Office for Sale : Medical
  • Lot Size Acres 1.060
  • Building Sq Ft 6,854
  • Building Price per Sq Ft $248.80
  • Land Sq Ft 46,173
  • Land Price per Sq Ft $36.93
  • NOI $8,388,607
  • CAP Rate % 6.25
1609 Jackson Street Saint Paul, MN 55117 | for Sale | Photo 1
Description

These properties may be purchased individually or as a portfolio.

Meridian Behavioral Health is one of the fastest growing, leading behavioral healthcare platforms in the country. Currently, there are 20 locations; 10 operating under Meridian name and 10 operating under New Beginnings. Properties located throughout Minnesota.

The tenant on the lease is Latitudes Treatment Center, LLC with a guaranty by Meridian Behavioral Health, LLC. Meridian is one of over 150 companies owned by the Audax Group which is a middle market private equity leader that has invested over $9 billion in 150 platform companies and over 1,100 add-on acquisitions.

This location has operated as chemical dependency center for 20+ years. It is extremely challenging to receive zoning approval for chemical dependency centers.

The Property was remodeled in 2013. Large lot size and the ability to expand building size.

One year and 10 months remain on a NNN lease with annual 4% rent increases.

5-Mile population of 349,310 and average household income over $92,592.

Located in Opportunity Zone.

Saint Paul is the capital of Minnesota, and the county seat of Ramsey County. Ramsey is the most densely populated county in Minnesota. Major corporations headquartered in Saint Paul include Ecolab and Securian Financial Group Inc. The 3M Company is often cited as one of Saint Paul’s companies, though it is located in adjacent Maplewood.

Attachments & Files

Saint Paul Area Market Trends

Listing Demographics for 1609 Jackson Street Saint Paul, MN 55117

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 Population19,597145,869338,689
Population Median Age313536
Population by Age0-9 Yrs3394 (17%)22097 (15%)47866 (14%)
10-19 Yrs3621 (18%)20660 (14%)44373 (13%)
20-29 Yrs3326 (16%)23205 (15%)56741 (16%)
30-39 Yrs2892 (14%)23267 (15%)53286 (15%)
40-49 Yrs2085 (10%)16619 (11%)37343 (11%)
50-59 Yrs1882 (9%)16508 (11%)38727 (11%)
60-69 Yrs1385 (7%)12932 (8%)33016 (9%)
70+ Yrs1013 (5%)10582 (7%)27337 (8%)
Median HH Income$40,156$55,449$60,864
Total Household Income< 24K1646 (27%)11107 (21%)24010 (18%)
25-49K2038 (34%)12647 (24%)28238 (22%)
50-74K974 (16%)10208 (19%)24264 (19%)
75-99K514 (8%)6602 (12%)15875 (12%)
100-199K719 (12%)9627 (18%)27438 (21%)
200K+88 (1%)2238 (4%)7595 (5%)
Highest Education LevelNo Diploma30971462026706
Diploma or GED30652314250530
Some College20521752239582
Assoc. Degree1008878019228
Bachelors Degree15191856252020
Higher Degree4341069633835
Total Housing Units6,19455,719135,112
--Owner-Occupied2,07527,70970,123
--Renter-Occupied3,90524,72057,297
Owner-Occupied Values< 100K15525885471
100-199K10621119024776
200-299K734965624517
300-399K9230248462
400-499K65733294
500K+276783602
Total Working Age Population13,919111,044264,404
In Work Force8,51574,606181,931
Not In Work Force5,40436,43882,474
Workforce Employed7,95770,228172,679
Workforce Unemployed5264,3009,123
Civlian Workforce8,48374,528181,802
Military Workforce3278129
Total Households5,98052,429127,420
Family Households4,02930,35871,037
Non-Family Households1,95122,07156,383
Married Couple2,18419,21547,416
Other Family1,84511,14323,620
Married w/Child1,2638,91220,675
Single Male w/Child1311,6793,257
Single Female w/Child7984,78310,343

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Minnesota4,919,479+85,303,925+75,687,161+55,974,304
Dakota County355,904+12398,552+9434,203+7463,564
Ramsey County511,0350508,640+12567,959+9616,408

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.

Closest Commercial Airports
Airport Distance (mi)
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP) 10
Rochester International Airport (RST) 80
Duluth International Airport (DLH) 135
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