Retail Strip Camden Center, North Memorial | 4201-4209 Webber Pky
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Retail Strip Camden Center, North Memorial 4201-4209 Webber Pky
14,400 SF 100% Leased Retail Building Minneapolis, MN 55412 For Sale
Investment Highlights
- Long Term Medical Anchor Tenant: North Memorial Health
- Offered significantly below replacement cost
- High density micro-market
- Infill location directly off the highway
- Below market rents
Executive Summary
CBRE exclusively presents the opportunity to acquire the Camden Center in Minneapolis, MN. This 14,000+ square foot retail center is anchored by a well-established North Memorial Medical Clinic that occupies 55% of the building. The Center offers a unique blend of medical, retail, dining, and professional services. The North Memorial Medical Clinic attracts a steady stream of patrons, enhancing visibility and foot traffic for all businesses within the Center. This is an excellent opportunity for an investor to acquire a well located, infill retail center at well below replacement cost. In addition to the attractive and stable cash flow this asset is positioned for future value creation through increasing below market rents.
Camden Center is located in a densely populated community serving over 150,000+ individuals within the 3-mile trade area. The property has great visibility from the signalized intersection of Lyndale Ave N and Webber Parkway, and has convenient access to Interstate 94 (106,000+ VPD) the major thoroughfare connecting downtown Minneapolis 3 miles to the south.
This asset is part of a portfolio of medical-retail properties offered both individually and as a portfolio.
The assets include:
1. 963 Robert Street, West St. Paul, MN
2. 901 2nd Street, Suite A, Minneapolis, MN
3. 4201-4209 Webber Pkwy, Minneapolis, MN
To review the portfolio Offering Memorandums and Financials, please click the CBRE confidentiality agreement link below.
https://www.cbredealflow.com/buyer/agreement?pv=SAwmirISNW6-4vUtc6z4FQnEHVaScGS-HJZhHXO76Bt9ukn2TjjT6thwtZiYDisw
Camden Center is located in a densely populated community serving over 150,000+ individuals within the 3-mile trade area. The property has great visibility from the signalized intersection of Lyndale Ave N and Webber Parkway, and has convenient access to Interstate 94 (106,000+ VPD) the major thoroughfare connecting downtown Minneapolis 3 miles to the south.
This asset is part of a portfolio of medical-retail properties offered both individually and as a portfolio.
The assets include:
1. 963 Robert Street, West St. Paul, MN
2. 901 2nd Street, Suite A, Minneapolis, MN
3. 4201-4209 Webber Pkwy, Minneapolis, MN
To review the portfolio Offering Memorandums and Financials, please click the CBRE confidentiality agreement link below.
https://www.cbredealflow.com/buyer/agreement?pv=SAwmirISNW6-4vUtc6z4FQnEHVaScGS-HJZhHXO76Bt9ukn2TjjT6thwtZiYDisw
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,400 SF
Building Class
C
Year Built
1997
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.59 AC
Zoning
C2
Parking
83 Spaces (5.76 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 04-029-24-11-0111 | Improvements Assessment | $1,525,400 |
| Land Assessment | $474,600 | Total Assessment | $2,000,000 |
PROPERTY TAXES
Parcel Number
04-029-24-11-0111
Land Assessment
$474,600
Improvements Assessment
$1,525,400
Total Assessment
$2,000,000
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Retail Strip Camden Center, North Memorial | 4201-4209 Webber Pky
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