Historical Office Sale Listing - Creekridge I & II Office Buildings

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Creekridge I & II Office Buildings

7807-7808 Creekridge Circle, Bloomington, MN 55439

N/A

81,835 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
81,835 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Cap Rate:
8.01%
Occupancy:
93%
No. Stories:
3
Building Class:
B
Tenancy:
Multiple
Year Built:
1984
Lot Size:
4.82 AC
Parking Ratio:
3.90 / 1,000 SF
Listing ID
14346925
Last Updated
over 1 year ago

Highlights

  • Superior Location: Prime I-494 location
  • Debt Free
  • 92% occupied
  • Low Historical Vacancy/Consistent performance
  • Strong Property Attributes

Description

The Property consists of two three-story buildings. Creekridge I is 100% occupied by Welsh Companies while Creekridge II is 83% occupied and is a multi-tenant building. Year one pro forma NOI =$997,650. The Property has abundant underground parking and is offered debt free.

Located on the highly desirable I-494 strip in west Bllomington. The Property enjoys tremendous exposure to the primary east-west cooridor in the Minneapolis/St. Paul market and is situated in a heavily wooded enclave providing stellar office views.

Map of 7807-7808 Creekridge Circle, Bloomington, MN 55439 (Hennepin County)

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