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2021 E Hennepin Ave, Minneapolis, MN 55413
97,500 SF | Office
Office Property - Off Market
- Building Size:
- 97,500 SF
- Property Type:
- Property Sub-type:
- Office Building
- Property Use Type:
- Listing ID
- Last Updated
- over 1 year ago
Long-term Leases: The Property's four largest tenants, Absolute, Inc., Volunteers of America, RFCC, and Path Inc. account for 44% of the net rentable area and have long-term leases with annual rent bumps that do not expire until November 2013 and beyond.
Priced Well Below Replacement Cost: The Property offers an investor the opportunity to acquire a four-story brick office building at well below replacement cost. Priced at just $79.49 per square foot, the Property is positioned to be the affordable alternative in the market.
Attractive In-Place Financing: The property is presently encumbered with attractive in-place bank financing with a 5.75% interest rate and 25-year amortization that may be assumed upon the Lender's approval.
Convenient Location: Hennepin Square is centrally located, offering convenient access to I-35W and State Highway 280. Just blocks away from these two major roadways allows for easy employee and client commuting.
On-site Amenities: The Property offers a variety of on-site amenities, including two conference rooms, an on-site restaurant that serves breakfast and lunch daily, and 37 underground parking spaces
2021 East Hennepin Avenue
Minneapolis, MN 55413
Map of 2021 E Hennepin Ave, Minneapolis, MN 55413 (Hennepin County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO