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2125 Hennepin Ave E
Minneapolis, MN 55413
Nordost Exchange · Bureau Propriété À vendre
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Faits saillants de l'investissement
- Fully modernized creative office property featuring exposed timber columns, brick walls, and unique architectural character
- Centrally positioned along East Hennepin Avenue, offering walkable access to vibrant Northeast Minneapolis dining, breweries, and retail destinations
- Currently 92% leased with a secure tenant mix and an attractive weighted average lease term of 6.0 years, providing stability for investors
- Amenities include renovated lobby and common areas, fitness center, bike storage, improved restrooms, and shower facilities for tenant convenience
- Recently underwent a $1 million capital improvement program, elevating the property into a leading boutique office asset in the Twin Cities
- Provides on-site parking and direct connections to major Minneapolis road networks, ensuring ease of access for employees and visitors
Résumé de l'annonce
Cushman & Wakefield is pleased to present Nordost Exchange, a 26,550 SF boutique creative office asset located along E. Hennepin Avenue in Northeast Minneapolis. Formerly the headquarters of the YMCA of the Greater Twin Cities, the property was acquired by Hyde Development in 2018 and subsequently transformed through a $1 million capital improvement program that repositioned it into one of premier creative office assets in the Twin Cities. Nordost Exchange has been fully modernized with a minimalist, Scandinavian aesthetic closely aligned with the expectations of today’s creative office users. The site has been intentionally curated for a diverse mix of users—ranging from
wellness practices and design studios to professional service firms which is supported by the free on-site parking and walkable access the neighborhood’s restaurants, breweries, and retail. Nordost Exchange stands as a compelling acquisition opportunity supported by durable demand for brick-and-timber creative office space, strong submarket fundamentals, recent substantial reinvestment, and the enduring appeal of Northeast Minneapolis as a live-work-play destination.
wellness practices and design studios to professional service firms which is supported by the free on-site parking and walkable access the neighborhood’s restaurants, breweries, and retail. Nordost Exchange stands as a compelling acquisition opportunity supported by durable demand for brick-and-timber creative office space, strong submarket fundamentals, recent substantial reinvestment, and the enduring appeal of Northeast Minneapolis as a live-work-play destination.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Bureau
Taille du bâtiment
29 091 pi²
Classe d’immeuble
C
Année de construction
1917
Revenu net d’exploitation
499 075 $ CAD
Pourcentage loué
92%
Location
Multiples
Hauteur du bâtiment
3 étages
Superficie de plancher typique
9 697 pi²
Dalle à dalle
10’
Coefficient d’occupation des sols de l’immeuble
0,57
Taille du lot
1,17 AC
Zone de développement économique
Oui
Zonage
I1 - Quartier de l'industrie légère
Stationnement
86 places (2,96 places par 1 000 pi² loué)
Commodités
- Ligne d'autobus
- Affichage
Impôts fonciers
| Numéro de lot | 18-029-23-34-0065 | Évaluation des bâtiments | 3 342 298 $ CAD |
| Évaluation du terrain | 488 102 $ CAD | Évaluation totale | 3 830 400 $ CAD |
Impôts fonciers
Numéro de lot
18-029-23-34-0065
Évaluation du terrain
488 102 $ CAD
Évaluation des bâtiments
3 342 298 $ CAD
Évaluation totale
3 830 400 $ CAD
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