2021 E Hennepin Ave
Minneapolis, MN 55413 ·
97,500 SF · Office For Sale
|Price||N/A||Property Use Type||Investment|
|Building Size||97,500 SF||Occupancy||85%|
|Property Sub-type||Office Building|
|Listing ID: 16013660||Date Created: 12/04/2008||Last Updated: 11/15/2010|
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
Not exactly what you're looking for? Start a new custom search to find the perfect property
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.