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Listing ID #: 10282 100% LEASED OFFICE/FLEX BUILDING FOR SALE


Advertiser Info

 User:  reifree

Member Since: Jul 2015


Page Views

For This Ad:   829

Ad Info

  • Date Posted:
  • January 8, 2018
  • Purchase Price:
  • $4,950,000
  • Property Type:
  • Industrial, Office, Flex

    Property Address:

  • Street:
  • 7201-7245 University Avenue NE
  • City:
  • Fridley
  • State:
  • MN
  • Zip Code:
  • 55432
  • County:
  • Anoka

    Contact Info:

  • Contact Name:
  • Lisa Christianson
  • Phone:
  • (952) 393-1212
Additional Details
  • Brokerage Firm:
  • Listing Type:
  • Distressed:
  • Tenancy:
  • No. Floors:
  • Year Built:
  • Bldg Sqft:
  • Christianson & Company
  • Privately Owned
  • No
  • Multiple
  • Minnesota
  • 1990
  • 47,433


Property Description

100% LEASED OFFICE/FLEX BUILDING FOR SALE

Investments Highlights
100% leased one story facility occupied primarily by medical or health related clients
High visibility on University Avenue, and the property is located approximately one mile from Mercy Hospital
Access is exceptional with I-694 to the south and I-35W to the east
Area amenities include Northtown Mall just to the north

Offering Summary
7201-7245 University Avenue NE, Fridley, MN 55432
Year Built: 1990
Land Area (Acres): 3.92
Parcel Number: 11-30-24-31-0017
Rentable SF: 47,433

Financial Summary
Sale Price: $4,950,000 
Price PSF: $104.36
Cap Rate: 8.4%