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21 1st Street SW
Rochester, MN 55902
Asking Price
$24.55M
Cap Rate
8.25%
Asset Type
Medical Office Office
Class
Class B
What's Special
Office | 8.25% CAP | 101,389 SqFt <ul><li>Purchase price is established by applying an 8.25% cap rate to property NOI and adding the independent NPV of the municipal TIF note stream of $199k.</li><li>Stable Core-Plus Investment - The ±101,389 SF property is 89% leased with primarily NNN lease structures and contractual annual rent escalations, generating $1.85M in NOI and providing durable, predictable cash flow with modest leasing upside.</li><li>Institutional Tenancy - Mayo Clinic (Moody's: Aa2) occupies roughly 47% of the
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NOI
$80,000
Cap Rate
0.33%
DSCR
0.05
Underwater
Cash-on-Cash
-18.70%
Monthly Payment
$121,460.005
Annual Cash Flow
$-1,377,520.061
