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Ameriprise Financial Center 707 2nd Ave S
959,264 SF 4-Star Office Building Minneapolis, MN 55402 For Sale
Investment Highlights
- One-of-a-Kind Placemaking Opportunity - A Blank Canvas to Reimagine an Existing Preeminent High-Rise Tower.
- Compelling Alternative Use Market.
- S&P A- Rated Income Stream Remaining Through October 2025.
- Flexible Zoning and Potential Incentive Options.
- Limited New Supply in a Flight-to-Quality Marketplace.
- Diminishing Competitive Set Through Limited Development and Recent Conversions.
Executive Summary
CBRE, Inc. is pleased to announce the opportunity to acquire 707 Second Avenue S (the “Property”). The Property was built in 2000 for American Express Financial Advisors, now Ameriprise Financial, as its world headquarters and was the recipient of 2002 BOMA Regional Building of the Year. 707 Second Avenue S offers a total of 959,264 square feet of Class A office space located in the dynamic Minneapolis CBD. Currently 100% leased to Ameriprise Financial, Inc. through October 2025, the Property provides a secure revenue stream for a new investor during the planning and designing phases of the asset's next chapter. Reaffirming their commitment to downtown Minneapolis, Ameriprise will be consolidating operations to their ~860,000 square foot owned-building one block away.
The 30-story Property currently features high-end finishes throughout inclusive of terrazzo floors, wood wall accents, commanding views and is LEED Silver certified. Building amenities include a full-service cafeteria with a 900-person capacity, a 22-room conference center, 313 climate-controlled, below grade parking spaces and bike storage, and three skyway connections.
707 Second Avenue S offers a generational placemaking opportunity to re-imagine an existing Trophy Office Tower into multiple potential additional uses including residential and hospitality in addition to providing a true flight to quality and flight to experience office environment.
Property Facts
Amenities
- 24 Hour Access
- Atrium
- Bus Line
- Controlled Access
- Conferencing Facility
- Food Service
- Skyway
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
PROPERTY TAXES
| Parcel Number | 27-029-24-11-0133 | Improvements Assessment | $64,864,900 |
| Land Assessment | $10,135,100 | Total Assessment | $75,000,000 |
PROPERTY TAXES
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Ameriprise Financial Center | 707 2nd Ave S
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