Log In/Sign Up
Your email has been sent.
Arbor Glen Apartments 9325 Garland Ave 264 Unit Apartment Building For Sale Maple Grove, MN 55311
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity
- Supply Absorbed, No Future Deliveries Planned
- Located in Retail Mecca
- Significant Discount to Replacement Cost Post-Renovation
- Strong Nearby Employment - Med Tech Alley
EXECUTIVE SUMMARY
Offers Due 9/10
CBRE, Inc. as exclusive advisor, is pleased to present Arbor Glen - an opportunity to purchase a 264-unit, 2002 built asset in the highly desirable Maple Grove submarket. The property is a unique, untouched, value add-opportunity with new construction market rents significantly higher than the subject. This three building campus offers some of the largest multifamily units within its competitive set, averaging over 1,100 square feet. The site benefits from close proximity to major employers along one of the most active growth corridors and easy access to abundant retail within the Arbor Lakes retail trade area. In addition, Maple Grove has both some of the strongest demographics in the Twin Cities, a top school district, and premier access to parks and recreation.
The property is being offered free and clear.
CBRE, Inc. as exclusive advisor, is pleased to present Arbor Glen - an opportunity to purchase a 264-unit, 2002 built asset in the highly desirable Maple Grove submarket. The property is a unique, untouched, value add-opportunity with new construction market rents significantly higher than the subject. This three building campus offers some of the largest multifamily units within its competitive set, averaging over 1,100 square feet. The site benefits from close proximity to major employers along one of the most active growth corridors and easy access to abundant retail within the Arbor Lakes retail trade area. In addition, Maple Grove has both some of the strongest demographics in the Twin Cities, a top school district, and premier access to parks and recreation.
The property is being offered free and clear.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 7.45 AC |
| No. Units | 264 | Building Size | 345,351 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2002 |
| Building Class | B | Parking Ratio | 1.01/1,000 SF |
| Sale Type | Investment |
| No. Units | 264 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 7.45 AC |
| Building Size | 345,351 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 2002 |
| Parking Ratio | 1.01/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Heating
- Bay Window
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Views
- Walk-In Closets
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Playground
- Pool
- Property Manager on Site
- Car Wash Area
- Guest Apartment
- Elevator
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 50 | - | 811 - 970 |
| 2+1 | 6 | - | 1,130 |
| 2+2 | 122 | - | 1,020 - 1,221 |
| 3+2 | 86 | - | 1,307 - 1,469 |
1 of 17
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Arbor Glen Apartments | 9325 Garland Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.