This Office Property is no longer advertised on LoopNet.com.
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
Parcel Number | 10-28900-01-010 | Improvements Assessment | $6,251,500 |
Land Assessment | $2,386,900 | Total Assessment | $8,638,400 |
Learn More About Investing in Office Space
Listing ID: 30217642
Date on Market: 12/1/2023
Last Updated:
Address: 1185 Town Centre Dr, Eagan, MN 55123
The Office Property at 1185 Town Centre Dr, Eagan, MN 55123 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.