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Multi-Tenant Office Among Educated Workforce 7805 Telegraph Rd 16,000 SF 75% Leased Office Building Online Auction Sale Bloomington, MN 55438
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- 7805 Telegraph Road presents a two-story, 16,000-square-foot multi-tenant, majority-occupied, and income-generating office building.
- Ideal for a professional user looking to occupy office space and offset expenses with rental income, or an investor ready to expand their portfolio.
- University of Minnesota – Twin Cities facilitates a highly educated workforce throughout the metro region.
- Within the Telegraph Hill Office Park, neighboring two other office buildings with immediate access to Interstate 494 and 10 miles from MSP.
- Convenient proximity to the Braemar Golf Course, Bush Lake Park, the Southdale Center, the Galleria, and other local points of interest.
EXECUTIVE SUMMARY
As the exclusive advisor, Colliers is pleased to present the multi-tenant office building within the Telegraph Hill Office Park at 7805 Telegraph Road to the market for investor or owner/user acquisition. The subject building spans 16,033 square feet and is majority occupied, generating a significant rental income stream. All suites are move-in ready, and tenants enjoy scenic outdoor views from the building’s balconies.
7805 Telegraph Road is situated in a prime location, offering convenient access to numerous amenities and Interstates 494 and 169. Just 10 miles from the Minneapolis-Saint Paul International Airport (MSP), business travel is a breeze. As part of the Minneapolis MSA, Bloomington has an ideal suburban location, approximately 15 miles outside of Downtown Minneapolis, and is home to numerous golf courses, outdoor recreational opportunities, and a variety of shopping and dining options. West Bloomington also features a public transportation system that includes a light rail line and buses.
As noted by nearly 60% of the 5-mile population having attained a bachelor's degree or higher level of education, the University of Minneapolis – Twin Cities is a large institution grooming a highly educated and affluent workforce. The realm’s average household income surpasses $124,700, and the largest daytime employment sectors include trade, transportation, and utilities, as well as education and health services, and professional and business services. This aligns with the public university’s most popular majors, which include computer science, finance, and engineering.
The Twin Cities metropolitan area, anchored by Minneapolis and St. Paul, stands as one of the Midwest's most diversified and resilient economies, consistently attracting capital and talent due to its balanced industry mix, highly educated labor force, and relative affordability compared to coastal markets. Compared to peer Midwestern metros, the Twin Cities stand out for their combination of scale, workforce quality, and economic balance.
7805 Telegraph Road is situated in a prime location, offering convenient access to numerous amenities and Interstates 494 and 169. Just 10 miles from the Minneapolis-Saint Paul International Airport (MSP), business travel is a breeze. As part of the Minneapolis MSA, Bloomington has an ideal suburban location, approximately 15 miles outside of Downtown Minneapolis, and is home to numerous golf courses, outdoor recreational opportunities, and a variety of shopping and dining options. West Bloomington also features a public transportation system that includes a light rail line and buses.
As noted by nearly 60% of the 5-mile population having attained a bachelor's degree or higher level of education, the University of Minneapolis – Twin Cities is a large institution grooming a highly educated and affluent workforce. The realm’s average household income surpasses $124,700, and the largest daytime employment sectors include trade, transportation, and utilities, as well as education and health services, and professional and business services. This aligns with the public university’s most popular majors, which include computer science, finance, and engineering.
The Twin Cities metropolitan area, anchored by Minneapolis and St. Paul, stands as one of the Midwest's most diversified and resilient economies, consistently attracting capital and talent due to its balanced industry mix, highly educated labor force, and relative affordability compared to coastal markets. Compared to peer Midwestern metros, the Twin Cities stand out for their combination of scale, workforce quality, and economic balance.
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DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
16,000 SF
Building Class
C
Year Built
1984
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,000 SF
Slab To Slab
12’
Building FAR
1.15
Lot Size
0.32 AC
Parcel Number
18-116-21-11-0027
Zoning
NEC - Commercial
Parking
45 Spaces (2.81 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
- Balcony
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Move-in ready suites with below market gross rental rates.
Move-in ready suites with below market gross rental rates.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,425 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 100 | 2,425 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 2,425 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size |
| 2,425 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 2,425 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Move-in ready suites with below market gross rental rates.
1st Fl-Ste 100
| Size | 2,425 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Move-in ready suites with below market gross rental rates.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
5,070
60,024
201,543
2020 Population
4,836
60,043
204,236
2029 Population
5,060
59,347
198,718
2024-2029 Projected Population Growth
-0.2%
-1.1%
-1.4%
Daytime Employees
5,522
98,052
208,646
Total Businesses
456
8,445
17,786
Average Household Income
$141,631
$133,579
$124,701
Median Household Income
$106,152
$104,452
$96,285
Total Consumer Spending
$89.8M
$1B
$3.1B
Median Age
58.0
44.4
42.3
2024 Households
2,303
26,077
87,100
Percent College Degree or Above
44%
37%
35%
Average Home Value
$540,680
$503,128
$466,826
$ values in USD
SALE ADVISOR
SALE ADVISOR
Nathan Karrick, Vice President
As a Vice President in the Office Brokerage division of Colliers International, Nathan Karrick specializes in providing quality leasing and sales services to commercial owners and tenants in the South and West metro market. Nathan has a great deal of experience in the preparation of leasing and sales marketing materials. Working on behalf of both owners and tenants, monitors individual space availability along with market rents, absorption, and vacancy trends, and uses this information to aid his clients in making informed real estate decisions. Additionally, Nathan is involved with the preparation of proposals, presentations, and market reports, and he conducts property tours with clients who are searching for office space.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
AUCTION CONTACT
Casey Harrell
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 40750750
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MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Multi-Tenant Office Among Educated Workforce | 7805 Telegraph Rd
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Multi-Tenant Office Among Educated Workforce | 7805 Telegraph Rd
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