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1185 Town Centre Dr
Eagan, MN 55123

Town Centre Plaza · Office Property For Sale

Investment Highlights

  • The 43,640 SF medical office is 90% leased and has a WALT of 3.8 years
  • Attractive financing combined with below-market rents and vacancy position the property to deliver stellar returns
  • With rents at seven-year highs and vacancy rates at 5%, the Minneapolis-Saint Paul medical office market is robust
  • With assumable debt at 3.25% and a maturity date of June 2031, the investment's in-place levered cash-on-cash is estimated to be 7.2%
  • Within a three mile radius, the average household income is an impressive $139,000

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
55,549 SF
Building Class
B
Year Built
2000
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
21,820 SF
Building FAR
0.40
Lot Size
3.19 AC
Parking
217 Spaces

PROPERTY TAXES

  • Listing ID: 30217642

  • Date on Market: 12/1/2023

  • Last Updated:

  • Address: 1185 Town Centre Dr, Eagan, MN 55123