Office Golf 7807 Creekridge Cir
42,303 SF 100% Leased Office Building Bloomington, MN 55439 $9,444,444 ($223/SF) 9% Cap Rate
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EXECUTIVE SUMMARY
Absolute NNN Master Lease -
This property features an absolute NNN lease with zero landlord responsibilities, a fresh 7-year lease (executed at closing), and annual rent bumps. Office Golf comprises most of the footprint - additional subtenants include a golf academy and a variety of other small creative office spaces.
Upgraded Building -
The building was transformed in 2023 with extensive amenities and improvements. The property is anchored by a year-round golf-entertainment-event venue; led by a top-tier team of golf professionals. Experience the unique experience that Minnesota has truly welcomed and supported. Other features include a large conference room, executive professional suites, an on-site restaurant, three different bars, a 3-story atrium, & underground parking.
Evolving Office Market -
The shift toward smaller, more flexible office spaces with added amenities continues to shape tenant preferences. This property aligns well with current market trends, offering a right-sized footprint, an easily accessible location, ample on-site parking, and proximity to numerous amenities, making it an attractive option for a variety of tenants.
Premier Location with Exceptional Visibility -
Situated just off Interstate 494, this property enjoys high visibility from one of the Twin Cities' busiest thoroughfares. Positioned in a highly populated area with nearly 900,000 residents within a 10-mile radius, it offers strong market demographics and sits near vibrant retail hubs along the I-494 corridor.
Well-Connected and Accessible -
The property is minutes from key highways including highways 100, 169, and I-494., ensuring quick access to downtown Minneapolis, the greater metro area, and beyond. The property is also conveniently located just 10 minutes from the Minneapolis-St. Paul International Airport (MSP).
Numerous Amenities Nearby -
The property is within a short distance of shopping centers, hotels, restaurants, and entertainment venues, including the world-renowned Mall of America. The surrounding area supports a wide range of business needs, from dining and lodging to retail and recreation.
This property features an absolute NNN lease with zero landlord responsibilities, a fresh 7-year lease (executed at closing), and annual rent bumps. Office Golf comprises most of the footprint - additional subtenants include a golf academy and a variety of other small creative office spaces.
Upgraded Building -
The building was transformed in 2023 with extensive amenities and improvements. The property is anchored by a year-round golf-entertainment-event venue; led by a top-tier team of golf professionals. Experience the unique experience that Minnesota has truly welcomed and supported. Other features include a large conference room, executive professional suites, an on-site restaurant, three different bars, a 3-story atrium, & underground parking.
Evolving Office Market -
The shift toward smaller, more flexible office spaces with added amenities continues to shape tenant preferences. This property aligns well with current market trends, offering a right-sized footprint, an easily accessible location, ample on-site parking, and proximity to numerous amenities, making it an attractive option for a variety of tenants.
Premier Location with Exceptional Visibility -
Situated just off Interstate 494, this property enjoys high visibility from one of the Twin Cities' busiest thoroughfares. Positioned in a highly populated area with nearly 900,000 residents within a 10-mile radius, it offers strong market demographics and sits near vibrant retail hubs along the I-494 corridor.
Well-Connected and Accessible -
The property is minutes from key highways including highways 100, 169, and I-494., ensuring quick access to downtown Minneapolis, the greater metro area, and beyond. The property is also conveniently located just 10 minutes from the Minneapolis-St. Paul International Airport (MSP).
Numerous Amenities Nearby -
The property is within a short distance of shopping centers, hotels, restaurants, and entertainment venues, including the world-renowned Mall of America. The surrounding area supports a wide range of business needs, from dining and lodging to retail and recreation.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
42,303 SF
Building Class
B
Year Built/Renovated
1983/2023
Price
$9,444,444
Price Per SF
$223
Cap Rate
9%
NOI
$850,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
14,100 SF
Slab To Slab
12’
Building FAR
0.53
Lot Size
1.83 AC
Zoning
FD-2 - Freeway Development
Parking
164 Spaces (3.88 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
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