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1024 Washington Ave S
Minneapolis, MN 55415
Bridgewater Lofts · Retail Property For Sale
PROPERTY FACTS
| Total Building Size | 592,974 SF | Typical Floor Size | 57,987 SF |
| Property Type | Multifamily (Condo) | Year Built | 2007 |
| Property Subtype | Apartment | Lot Size | 2.02 AC |
| Building Class | A | Parking Ratio | 0.33/1,000 SF |
| Floors | 10 | ||
| Zoning | C3A | ||
| Total Building Size | 592,974 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 10 |
| Typical Floor Size | 57,987 SF |
| Year Built | 2007 |
| Lot Size | 2.02 AC |
| Parking Ratio | 0.33/1,000 SF |
| Zoning | C3A |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Fitness Center
- Pool
- Property Manager on Site
- Spa
- Elevator
- Multi Use Room
- Sundeck
- Smoke Detector
1 UNIT AVAILABLE
Unit Retail Condo
| Unit Size | 1,900 SF | Cap Rate | 6.50% |
| Condo Use | Retail | NOI | $29,250 |
| Sale Type | Investment or Owner User | No. Parking Spaces | 2 |
| Unit Size | 1,900 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.50% |
| NOI | $29,250 |
| No. Parking Spaces | 2 |
DESCRIPTION
Listing includes two parking spots noted, two additional spots available for $40k each - 26-029-24-12-0574 and 26-029-24-12-0575. Street access from 10th Avenue, ample street parking.
SALE NOTES
Chiro tenant currently paying $13,650 NNN for 624 SF, lease expires 11/25 but could terminate sooner. Salon tenant pays $15,600 NNN for 976 SF in year 1 of 5 year lease with 5% annual increases. Owner would also consider leasing just the 624 SF space, currently rented to the chiropractor tenant, and continuing to own the property.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 300 | - | - |
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