bankruptcy sale - loopnet · 2018-08-01 · bankruptcy sale 168,768 sq. ft. fee-owned big box...
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BANKRUPTCY SALE168,768 Sq. Ft. Fee-Owned Big Box Retail Store Available
600 W. St. Germain Street, St. Cloud, MN
Property Information Memorandum
Michael Jerbich
(312) 454-2057
ALL INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES DEEMED RELIABLE.NO WARRANTIES OF REPRESENTATION, EXPRESSED OR IMPLIED, ARE MADE REGARDING THEACCURACY OF THE INFORMATION CONTAINED HEREIN AND SUCH INFORMATION ISSUBMITTED SUBJECT TO ERRORS, OMMISSIONS, PRIOR LEASES ASSIGNMENT, SUBLEASEAND/OR WITHDRAWAL WITHOUT NOTICE. ALL TRANSACTIONS ARE SUBJECT TOBANKRUPTCYCOURTAPPROVAL.
Chris Draper
(312) 454-4522
Jim Terrell
(815) 527-5188
Alexandra Graiser
(631) 465-9514
__________________________________________________OFFERING SUMMARY
• OFFERING SUMMARY
Available for sale is a 168,768 SF two-story building (including basement) that is currently owner occupied by Herbergers (a Bon-Ton store) until 08/31/18. The property is situated on a 1.33 acre parcel, and contains a 3-level building (1 sub-level plus 2 levels at or above grade). Herbergers utilizes 2-levels for its department store space (the ground floor and lower level space), while the upper level (second floor) is fully leased to Capital One Bank.
Building Details:Ground Floor: 55,697 SF
Herbergers: 35,815 SF (vacant as of 08/31/18)Capital One (Leased through 08/31/28): 9,428 SFVacant Retail 1: 2,392 SFVacant Retail 2: 565 SFVacant Retail 3: 1,145 SFCommon Area: 6,352 SF
Second Floor: Capital One (Leased through 8/31/28) - 46,143 SF
Sub-level: Herbergers: 55,697 SF (vacant as of 08/31/18)
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__________________________________________________PROPERTY OVERVIEW
• PROPERTY DESCRIPTION
Address:600 W. St. Germain StreetSt. Cloud, MN 56301
County: Stearns County
Land Area: 1.33 Acres
Building Size: 168,768 Sq. Ft.
Site Shape: Irregular
Site Topography: Level at Street Grade
No. Buildings / Stories: One / Three
Year Built / Renovated: 1985
Parcel ID: 82.52885.0001
Current Property Taxes: $113,258
Zoning: C3, Central Business District
Parking:
The property does not contain on-site parking; however, this is not uncommon for properties located within the downtown business core of St. Cloud. Parking is available within public parking areas such as the surface lots located to the north, as well as the multi-level parking deck located to the south.
Site Improvements:Minimal site improvements such as landscaping, concrete curbing and walks as the subject site is mostly built-out.
T: 312-454 -2057 www.agrealtypartners.com
__________________________________________________IMPROVEMENTS OVERVIEW
• IMPROVEMENTS DESCRIPTION
• INTERIOR DETAIL
HVACGas-fired rooftop package HVAC system providing heat and cooling for the entire building
Elevator Service:The department store contains a set of escalators, 1 passenger elevator and 1 freight elevator
Fire Protection: 100% sprinklered
• MECHANICAL DETAIL
The department store building is oriented along the southeast side of St. GermainStreet and has one primary entrance from this roadway, an additional entrance at the intersection of St. Germain Street and 7th Avenue N, as well as an entrance from the southeast building elevation that faces the multi-level parking deck. The store also has multi-level access from the escalators located in the common area corridor located at the southwest portion of the building. Generally, the subject store consists of open selling floor with perimeter office, receiving, and storage space
Floor Covering: Carpet & tile
Walls: Drywall
Lighting: Fluorescent and incandescent
Ceilings: Acoustical tile
Basic Construction: Steel and masonry
Foundation: Poured concrete slab
Framing: Structural steel and masonry
Floors: Poured concrete over a metal deck
Exterior Walls: Masonry
Roof Type: Flat with parapet walls
Windows: Thermal windows in aluminum frames
Pedestrian Doors: Glass and metal
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__________________________________________________PHOTOGRAPHS
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__________________________________________________SURVEY
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__________________________________________________AERIAL MAPS
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__________________________________________________MAP & LOCATION OVERVIEW
• LOCATION SUMMARY
The property is located in the City of St. Cloud. Neighborhood boundaries are approximately 2nd Street to the north, 35th Avenue to the east, 10th Avenue to the west and 33rd Street to the south. The subject property is located in the downtown business district of St. Cloud. The location is approximately 60 miles northwest of the Minneapolis/St. Paul downtown area.
• ACCESS SUMMARY
Local: Direct access to the subject store is via W. St. Germain Street and 7thAvenue S. There is no on-site parking; however, a parking deck is locatedimmediately southeast of the property and is accessible via 1st Street S and6th Avenue S.
Regional: 2nd Street is located one block southeast of the subject. This roadway is aprimary roadway in the downtown district and provides nearby connectionswith the interstate highway system that serves the St. Cloud area as well asthe Minneapolis/St. Paul MSA.
T: 312-454 -2057 www.agrealtypartners.com
__________________________________________________CONFIDENTIALITY AND DISCLAIMER
Confidentiality and Conditions
ALL INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES DEEMED RELIABLE. NO WARRANTIES OF REPRESENTATION, EXPRESSED OR IMPLIED, ARE MADE REGARDING THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SUCH INFORMATION IS SUBMITTED SUBJECT TO ERRORS, OMMISSIONS, PRIOR LEASES ASSIGNMENT, SUBLEASE AND/OR WITHDRAWAL WITHOUT NOTICE. ALL TRANSACTIONS ARE SUBJECT TO BANKRUPTCY COURT APPROVAL.
T: 312-454 -2057 www.agrealtypartners.com