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Behavioral Health Group Clinic 3329 SE University Ave 11,270 SF Office Building Minneapolis, MN 55414 $2,698,215 ($239.42/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Behavioral Health Clinic operates as an outpatient opiate treatment center providing narcotic replacement therapy.
- The building was extensively remodeled in 2012 at a cost of $750,000, including a new lobby, elevator, 1st floor remodel & 2nd floor build out.
- Behavioral Health Clinic is located near the University of Minnesota campus which has over 52,300 students.
- Lease guaranteed by Behavioral Health Group which operates 115 locations in 21 states, BHG has more than 1,900 employees.
- The Metro Transit light rail system passes directly in front of Alliance Clinic, and carries over 14 million passengers per year.
- Portfolio of 3 properties, available for portfolio or individual acquisition.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
11,270 SF
Building Class
C
Year Built
1958
Price
$2,698,215
Price Per SF
$239.42
Cap Rate
6.50%
NOI
$175,304
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
11,270 SF
Slab To Slab
11’
Building FAR
0.53
Lot Size
0.49 AC
Zoning
C1
AMENITIES
- Bus Line
- Signage
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 30-029-23-41-0054 | Improvements Assessment | $996,500 |
| Land Assessment | $740,300 | Total Assessment | $1,736,800 |
PROPERTY TAXES
Parcel Number
30-029-23-41-0054
Land Assessment
$740,300
Improvements Assessment
$996,500
Total Assessment
$1,736,800
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Behavioral Health Group Clinic | 3329 SE University Ave
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