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Herself Health 5200 Douglas Dr N

6,489 SF Office Building Minneapolis, MN 55429 $4,200,000 ($647/SF) 7.76% Cap Rate

Medical Offices Minnesota Minneapolis 5200 Douglas Dr N, Minneapolis, MN 55429

Investment Highlights

  • New Fifteen Year Corporate Lease | Three Five Year Options to Renew
  • Triple Net Lease Structure | Limited Landlord Responsibilities
  • Multiple Senior Living Communities in Area | Approximately 1,000 Units within 2 Miles
  • Attractive Rental Increases (8.26% Blended Cap) | 42% Rent Growth During Initial Lease Term | 8% in Year 4 | 2.5% Annually Thereafter
  • Fully Renovated to Tenant’s Specifications | Over $1.7 Million in Improvements Completed
  • Seasoned Leadership Team Resumés | C Suite comprised of former executives of Amazon Care, Humana, DaVita, Oak Street Health, and Tenet Healthcare

Attachments

Herself Health - Minneapolis, MN - Offering Memorandum

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,489 SF
Building Class
B
Year Built/Renovated
1963/2023
Price
$4,200,000
Price Per SF
$647
Cap Rate
7.76%
NOI
$325,920
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,489 SF
Building FAR
0.24
Lot Size
0.62 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C
Parking
32 Spaces (4.93 Spaces per 1,000 SF Leased)

Amenities

  • Signage
1 of 1

PROPERTY TAXES

Parcel Number 09-118-21-22-0052 Improvements Assessment $1,139,000
Land Assessment $242,000 Total Assessment $1,381,000

PROPERTY TAXES

Parcel Number
09-118-21-22-0052
Land Assessment
$242,000
Improvements Assessment
$1,139,000
Total Assessment
$1,381,000
(813) 210-7741

Contacts

  • Listing ID: 31321700

  • Date on Market: 3/25/2024

  • Last Updated:

  • Address: 5200 Douglas Dr N, Minneapolis, MN 55429

More public record information on 5200 Douglas Dr N, Minneapolis, MN 55429

The Office Property at 5200 Douglas Dr N, Minneapolis, MN 55429 is currently available for sale. Contact Marcus & Millichap for more information.

Office PROPERTIES IN NEARBY NEIGHBORHOODS

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Herself Health | 5200 Douglas Dr N
(813) 210-7741 x

Herself Health | 5200 Douglas Dr N

1/3

Christopher Biuso

(813) 210-7741

(813) 210-7741

Scott Gould

(407) 557-3824

(407) 557-3824

Spencer Koch

(407) 557-3848

(407) 557-3848

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