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2705 University Ave NE
Saint Anthony, MN 55418
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Dock Doors: 6 trailer height doors, 2 ramped drive in doors
- Vapor Mitigation: Sub-slab Depressurization vapor mitigation system installed in 2023; outsourced reporting, $5,000 annually
- Elec info: Fourteen 240 volt panels
- Located on high profile University Avenue in NE Mpls
EXECUTIVE SUMMARY
Located on high profile University Avenue in NE Mpls, the “Bagtape Building” is a bill board location; highly visible and easily accessible. The building is located across the street from the recently built City of Minneapolis East Side Maintenance Building in an area that is prime for future redevelopment. Bagtape has been the sole tenant of the building for over 40 years and would like to renew their existing lease that expires on 1/31/2028.
PROPERTY FACTS Under Contract
| Sale Type | Investment NNN | No. Stories | 2 |
| Cap Rate | 6% | Year Built | 1946 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 0.76/1,000 SF |
| Building Class | C | Clear Ceiling Height | 16’ |
| Lot Size | 2.84 AC | No. Dock-High Doors/Loading | 6 |
| Rentable Building Area | 112,877 SF | No. Drive In / Grade-Level Doors | 2 |
| Zoning | OR2 - Commercial | ||
| Sale Type | Investment NNN |
| Cap Rate | 6% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 2.84 AC |
| Rentable Building Area | 112,877 SF |
| No. Stories | 2 |
| Year Built | 1946 |
| Tenancy | Single |
| Parking Ratio | 0.76/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | OR2 - Commercial |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,880,000 | |
| Land Assessment | $1,360,800 | Total Assessment | $4,240,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,360,800
Improvements Assessment
$2,880,000
Total Assessment
$4,240,800
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