912 Regency Building

Property Info:

Location:

Address: 912 St. Germain Street West
Town/Suburb/City: St. Cloud
State/County/Province: MN
Postal code/ZIP: 56301
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Details:

Asking Price: $2,250,000.00

Contact:

Agent's Name: Jim Pflepsen
Phone Number: (320) 492-1880
Email Agent
Agent's Name: Kate Hanson, CCIM
Phone Number: 320-420-6485
Email Agent


Property Description:

Located in the heart of St. Cloud’s vibrant art and shopping district, the 912 Regency Building is an eye-catching, elegant space that fits a variety of business, retail & ballroom events.

912 Regency Plaza serves as a multi-purpose event center and business/retail center. This location can accommodate a wedding, corporate event or small business. Its unique exterior reflects the exquisite and amazing presentation of the interior.

The annual net operating income (NOI) is $226,272 and the listed price of the property is $2,250,000. Please contact Kate Hanson or Jim Pflepsen for more information.

  • An excellent co-tenancy blend of technology, retail, professional office space and event center.
  • Completely renovated in 2007, including new mechanicals, elevator and roof plus other upgrades at a total cost of approximately $5,000,000.
  • All new interior remodeling with granite, marble, and hardwood floors with high technology, efficient HVAC and communications systems.
  • Regency is a landmark building well located downtown with convenient on-site parking.
  • Regency is currently owner managed and 100% occupied. Many leases are under market and represent opportunity for a new owner.
  • The event center vendor has 30+ years’ experience in St. Cloud with events scheduled 2 years in advance.
  • Regency represents a solid investment property that is priced far less than its actual replacement cost.
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