Online Auction Net Lease Opportunity Assisted Living Facility
Previous Page Listing ID#: 1553030

Property Location
231 Washington Street

Holdingford, MN 56340
Auction Location

Holdingford, MN 56340
Auction Dates and TimesSALE IS COMPLETED
Bidding Starts: Wednesday Oct 18, 9:00 AM
Bidding Ends: Thursday Oct 19, 5:00 PM
Auction Type
 Online Auction 
Company Information
Tranzon Asset Advisors

Website: www.tranzon.com

GoToAuction.com ID#: 2777
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Listing Terms and Conditions
10% Buyer's Premium and other terms apply
Listing Information

Online Auction Net Lease Opportunity – Assisted Living Facility

 

This income producing property contains 12,000 +/- Leased sf, with approximately 20,000 additional that can be renovated and/or converted to provide added income stream such as multi-family or senior housing.  The current tenant has occupied the property since 2012 and is a well-established and licensed provider of assisted living services in central Minnesota.

 

Tenant recently renewed its lease at a rate of $6,000 per month with an option for an additional year’s lease with rent increase to $7,000 per month starting July 2024. The property has a (15) resident bed capacity, a full-size commercial kitchen, dining area, common and recreational rooms, laundry area, office, medication room and other amenities. Property in generally sound condition, tenant maintains interior spaces plus grounds care (mowing, bushes & snow removal), landlord maintains exterior and HVAC systems, property is sold in its as is/where is condition. The property is located within a 30 minute drive of downtown St. Cloud, MN in the bucolic township of Holdingford, MN.

 

Highlights Include:

12,000 +/- Sq. Ft. Assisted Living Facility under lease – Landlord Possession at Closing

Long Term Tenant with Recently Renewed 1 Year Lease

Tenant Currently Pays $6,000/mo. with Option to Extend addn. Year to $7,000/mo. in July 2024

Licensed for All Levels of Personal Care with a 15 Resident Capacity

Limited Competition for Assisted Living Service – Tenant in Place for over 10 Years

Adjoining Building Provides Ample Room for Future Expansion, Renovation & Value Add

Fantastic Investment Opportunity – Buy It At Online Auction or Pre-Sale Offers Welcomed!

30 Minutes from downtown St. Cloud, MN – Largest Population Center in Central MN

Zoning: Mixed Family Residential (R-2) 

Broker/Agent Participation Welcomed – Contact Tranzon for Information & Registration!

Utilities: Electric, Natural Gas, City Water & Sewer

 

Property Address: 231 Washington Street, Holdingford, MN 56340

Online bidding ends October 19th at 3:00 PM ET

Inspection: October 12th at 12:00 PM ET

 

10% Buyer's Premium and other terms apply

 

Contact Jordan Conlee at 888-791-7307 ext. 809 or jconlee@tranzon.com

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Online Auction Net Lease Opportunity Assisted Living Facility

Tranzon Asset Advisors

Tranzon Asset Advisors


Contact:
Phone:
Sale Location
https://www.tranzon.com/taa2317 231 Washington Street
Holdingford, MN 56340
Sale Dates and Times
Sale Terms and Conditions
10% Buyer's Premium and other terms apply
Listing Details

Online Auction Net Lease Opportunity – Assisted Living Facility

 

This income producing property contains 12,000 +/- Leased sf, with approximately 20,000 additional that can be renovated and/or converted to provide added income stream such as multi-family or senior housing.  The current tenant has occupied the property since 2012 and is a well-established and licensed provider of assisted living services in central Minnesota.

 

Tenant recently renewed its lease at a rate of $6,000 per month with an option for an additional year’s lease with rent increase to $7,000 per month starting July 2024. The property has a (15) resident bed capacity, a full-size commercial kitchen, dining area, common and recreational rooms, laundry area, office, medication room and other amenities. Property in generally sound condition, tenant maintains interior spaces plus grounds care (mowing, bushes & snow removal), landlord maintains exterior and HVAC systems, property is sold in its as is/where is condition. The property is located within a 30 minute drive of downtown St. Cloud, MN in the bucolic township of Holdingford, MN.

 

Highlights Include:

12,000 +/- Sq. Ft. Assisted Living Facility under lease – Landlord Possession at Closing

Long Term Tenant with Recently Renewed 1 Year Lease

Tenant Currently Pays $6,000/mo. with Option to Extend addn. Year to $7,000/mo. in July 2024

Licensed for All Levels of Personal Care with a 15 Resident Capacity

Limited Competition for Assisted Living Service – Tenant in Place for over 10 Years

Adjoining Building Provides Ample Room for Future Expansion, Renovation & Value Add

Fantastic Investment Opportunity – Buy It At Online Auction or Pre-Sale Offers Welcomed!

30 Minutes from downtown St. Cloud, MN – Largest Population Center in Central MN

Zoning: Mixed Family Residential (R-2) 

Broker/Agent Participation Welcomed – Contact Tranzon for Information & Registration!

Utilities: Electric, Natural Gas, City Water & Sewer

 

Property Address: 231 Washington Street, Holdingford, MN 56340

Online bidding ends October 19th at 3:00 PM ET

Inspection: October 12th at 12:00 PM ET

 

10% Buyer's Premium and other terms apply

 

Contact Jordan Conlee at 888-791-7307 ext. 809 or jconlee@tranzon.com

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Online Auction Net Lease Opportunity Assisted Living Facility
 Online Only Auction
 
Auction Date(s)
Bidding Starts: Wednesday Oct 18 , 9:00 AM
Bidding Ends: Thursday Oct 19 , 5:00 PM
Property Location
231 Washington Street

Holdingford, MN 56340

Auction Location

Holdingford, MN 56340
Company
Tranzon Asset Advisors

Website: www.tranzon.com

Listing Terms and Conditions
10% Buyer's Premium and other terms apply

Online Auction Net Lease Opportunity – Assisted Living Facility

 

This income producing property contains 12,000 +/- Leased sf, with approximately 20,000 additional that can be renovated and/or converted to provide added income stream such as multi-family or senior housing.  The current tenant has occupied the property since 2012 and is a well-established and licensed provider of assisted living services in central Minnesota.

 

Tenant recently renewed its lease at a rate of $6,000 per month with an option for an additional year’s lease with rent increase to $7,000 per month starting July 2024. The property has a (15) resident bed capacity, a full-size commercial kitchen, dining area, common and recreational rooms, laundry area, office, medication room and other amenities. Property in generally sound condition, tenant maintains interior spaces plus grounds care (mowing, bushes & snow removal), landlord maintains exterior and HVAC systems, property is sold in its as is/where is condition. The property is located within a 30 minute drive of downtown St. Cloud, MN in the bucolic township of Holdingford, MN.

 

Highlights Include:

12,000 +/- Sq. Ft. Assisted Living Facility under lease – Landlord Possession at Closing

Long Term Tenant with Recently Renewed 1 Year Lease

Tenant Currently Pays $6,000/mo. with Option to Extend addn. Year to $7,000/mo. in July 2024

Licensed for All Levels of Personal Care with a 15 Resident Capacity

Limited Competition for Assisted Living Service – Tenant in Place for over 10 Years

Adjoining Building Provides Ample Room for Future Expansion, Renovation & Value Add

Fantastic Investment Opportunity – Buy It At Online Auction or Pre-Sale Offers Welcomed!

30 Minutes from downtown St. Cloud, MN – Largest Population Center in Central MN

Zoning: Mixed Family Residential (R-2) 

Broker/Agent Participation Welcomed – Contact Tranzon for Information & Registration!

Utilities: Electric, Natural Gas, City Water & Sewer

 

Property Address: 231 Washington Street, Holdingford, MN 56340

Online bidding ends October 19th at 3:00 PM ET

Inspection: October 12th at 12:00 PM ET

 

10% Buyer's Premium and other terms apply

 

Contact Jordan Conlee at 888-791-7307 ext. 809 or jconlee@tranzon.com