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1015 Lake St W
Minneapolis, MN 55408
Verizon | Palm Beach Tan · Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- Dense, Urban Infill Location in One of Minneapolis’s Most Desirable Neighborhoods
- Strong Historical Occupancy
- Surrounded By Numerous New Construction Class A Multi-Family & Hospitality Developments
- A, Two-Tenant Retail Building in Uptown with Rare Off-Street Parking
- Excellent Access For Workday Commuters
- Seven Points (Formerly Calhoun Square) Redevelopment
Résumé de l'annonce
Northmarq is pleased to present the opportunity to acquire a fee-simple interest in a two-tenant, Class A, urban infill retail building situated at 1015 W Lake Street in Minneapolis, MN (the “Property”). The Property consists of a 6,486-square-foot, shallow bay retail building that is currently 100% leased to Verizon and Palm Beach Tan.
Located in the highly sought after Uptown neighborhood of Minneapolis, the Property benefits from its frontage on West Lake St, a major east/west thoroughfare experiencing more than 17,115 vehicles per day, in addition to excellent foot traffic with a Walk Score of 98 and Bike Score of 95. Less than 2 miles to the CBD and just one (1) mile west of Interstate 35, the Property sits near the Chain of Lakes and Midtown Greenway offering tremendous access to public transportation.
The Property is surrounded by more than 2,000 new construction multifamily units, including The Asher, a six-story, 1175-unit mixed-use development; Buzza Lofts (136 units); The Walkway Apartments (92 units); Daymark Uptown (318 units); Uptown Lake Apartments (163 units); and The Moxy Minneapolis Uptown, a 6-story, 124-room hotel, built in 2017.
Located in the highly sought after Uptown neighborhood of Minneapolis, the Property benefits from its frontage on West Lake St, a major east/west thoroughfare experiencing more than 17,115 vehicles per day, in addition to excellent foot traffic with a Walk Score of 98 and Bike Score of 95. Less than 2 miles to the CBD and just one (1) mile west of Interstate 35, the Property sits near the Chain of Lakes and Midtown Greenway offering tremendous access to public transportation.
The Property is surrounded by more than 2,000 new construction multifamily units, including The Asher, a six-story, 1175-unit mixed-use development; Buzza Lofts (136 units); The Walkway Apartments (92 units); Daymark Uptown (318 units); Uptown Lake Apartments (163 units); and The Moxy Minneapolis Uptown, a 6-story, 124-room hotel, built in 2017.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
6 486 pi²
Classe d’immeuble
B
Année de construction
2008
Prix
3 355 695 $ CAD
Prix par pi²
517,38 $ CAD
Taux de capitalisation
7,33%
Revenu net d’exploitation
245 942 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,36
Taille du lot
0,41 AC
Zonage
C-2 - Quartier du Corridor Commercial
Stationnement
18 places (2,76 places par 1 000 pi² loué)
Façade
129’ sur Lake St
Impôts fonciers
| Numéro de lot | 04-028-24-11-0096 | Évaluation des bâtiments | 683 239 $ CAD |
| Évaluation du terrain | 1 497 611 $ CAD | Évaluation totale | 2 180 850 $ CAD |
Impôts fonciers
Numéro de lot
04-028-24-11-0096
Évaluation du terrain
1 497 611 $ CAD
Évaluation des bâtiments
683 239 $ CAD
Évaluation totale
2 180 850 $ CAD
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