160 Glenwood Avenue N
160 Glenwood Avenue N Minneapolis, Minnesota 55405
- 28,080 Square Feet
- Office Industrial
- For Sale
Building Size: 28,080
Year Built: 1960
Land Size: 30,326 SF or 0.70 acres
Current Occupancy: 100%
Parking Ratio: 1.34/1,000 SF
Price PSF: $83.11
In-Place NOI: $140,616
In-Place Cap Rate: 6.70%
URBAN IN-FILL LOCATION
Located in the highly desirable North Loop neighborhood, two blocks from a future Southwest LRT Station, adjacent to the Minneapolis Farmer’s Market and two blocks from International Market Square.
BELOW MARKET RENT
The tenant occupying 55% of the building has a lease term expiring in April 2020 at a rent 33% below current market. This tenant has occupied their space for nearly 15 years and benefits greatly from the Property’s close proximity to International Market Square.
RECENT BUILDING IMPROVEMENTS
Over $125,000 has been spent in the last two years for a new roof, HVAC units and parking lot.
The Property is being delivered free and clear of existing debt, allowing investors to size their loan to fit their need
Area Available: 28,080 Square Feet