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LaSalle & Stage Apartments 2 Multifamily Properties in Minneapolis, MN
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity
- Located in Downtown Minneapolis Theater District
- Downtown Minneapolis Workplace Momentum
- Skyway Connected
EXECUTIVE SUMMARY
CBRE, Inc, as exclusive advisor is pleased to present to qualified investors a two property, 159-unit apartment portfolio in downtown Minneapolis. Both properties provide ample value-add upside to renovate units as large rent gap exists with renovated and newer competitors in submarket. A compelling basis opportunity exists to purchase both properties plus well below peak pricing
The properties can be purchased individually or as a package and are both being offered free and clear.
The properties can be purchased individually or as a package and are both being offered free and clear.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Under Contract | Total Building Size | 140,908 SF |
| Number of Properties | 2 | Total Land Area | 0.44 AC |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 140,908 SF |
| Total Land Area | 0.44 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
LaSalle Apartments
36 S 9th St, Minneapolis, MN 55402 |
Multifamily | 108,500 SF | 1917 | - |
|
Stage Apartments
814-816 Hennepin Ave, Minneapolis, MN 55403 |
Multifamily | 32,408 SF | 1910 | - |
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LaSalle & Stage Apartments
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