1185 Town Centre Dr | Eagan, MN 55123
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1185 Town Centre Dr
Eagan, MN 55123
Town Centre Plaza · Office Property For Sale
INVESTMENT HIGHLIGHTS
- The 43,640 SF medical office is 90% leased and has a WALT of 3.8 years
- Attractive financing combined with below-market rents and vacancy position the property to deliver stellar returns
- With rents at seven-year highs and vacancy rates at 5%, the Minneapolis-Saint Paul medical office market is robust
- With assumable debt at 3.25% and a maturity date of June 2031, the investment's in-place levered cash-on-cash is estimated to be 7.2%
- Within a three mile radius, the average household income is an impressive $139,000
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
44,383 SF
Building Class
B
Year Built/Renovated
2000/2007
Percent Leased
97%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
22,192 SF
Building FAR
0.32
Lot Size
3.19 AC
Zoning
PD - Planned Development
Parking
217 Spaces (4.89 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 10-28900-01-010 | Improvements Assessment | $6,374,400 |
| Land Assessment | $2,506,400 | Total Assessment | $8,880,800 |
PROPERTY TAXES
Parcel Number
10-28900-01-010
Land Assessment
$2,506,400
Improvements Assessment
$6,374,400
Total Assessment
$8,880,800
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