$17.50/sf office space

[grizzer]

Not a typo! This is the original 1960 Medtronic HQ building.

Driven past this many times, outside looks great, don't know about the interior & mechanicals.

http://ebrochure.colliersmsp.com/index.asp?P=3887

 

[Gatorboy]

I guess I'm out of the loop. $17.50 sf/ft is a typical rent price for any building.

 

[Big Dog]

I guess I'm out of the loop. $17.50 sf/ft is a typical rent price for any building.

That's sale price not rent ................

$18 per foot to buy is a steal!

 

[grizzer]

This is the second liquidation I've seen in 2 weeks. It's a large footprint at 85K sf that is half full running a $26K loss. With 40K empty and 200/sf per ofice worker there is room for 200 more renters - what caught my eye is the child care center onsite.

If they are advertising at $17.50 it may mean open to offers.

That said, it's too big and office only for me.

 

[Melensdad]

$18 a foot is the going rate for LEASED medical office space in this area. Warehouse space is roughly $4.50 to $7 a square foot for LEASED space.

I'd bet it would cost $120+ a foot to rebuild that building.

 

[grizzer]

Yeah a rehab to class A office or MUH - multi-unit housing would need kicking out the gunsite windows for big ones & jazzed up entrances.