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- LoopNet Team
901 S 2nd St
Minneapolis, MN 55415
Net Leased Medical Clinic, Zenith · Multifamily Property For Sale · 63 Units
Investment Highlights
- 100% leased to University of Minnesota Physicians
- Exposure to medical tenancy
- Dynamic Development growth
- Strong in place NOI for ~4.5 more years
- Vibrant Mill District location with high MHI demographics
- Original Occupant
Executive Summary
CBRE is pleased to present qualified investors the opportunity to acquire the Mill City Clinic/U Minnesota Physicians, which is located on the ground level of the Zenith Condominium, a high-end condo development in the Mill District of Minneapolis. This 7,821 square-foot medical condo is 100% occupied by the University of Minnesota Physicians. This unique opportunity provides a strong Net Operating Income with a credit tenant, who has a long operating history in the space. To review the CA, please click the link below: https://www.cbredealflow.com/buyer/agreement?pv=SAwmirISNW6-4vUtc6z4FQnEHVaScGS-HJZhHXO76Bt9ukn2TjjT6thwtZiYDisw
PROPERTY FACTS
| No. Units | 63 | Building Size | 40,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 8 |
| Apartment Style | Mid Rise | Year Built | 2008 |
| Building Class | A | APN / Parcel ID | 23-029-24-43-0212 |
| Lot Size | 0.79 AC |
| No. Units | 63 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | A |
| Lot Size | 0.79 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 100% |
| No. Stories | 8 |
| Year Built | 2008 |
| APN / Parcel ID | 23-029-24-43-0212 |
zoning
| Zoning Code | C3A |
| C3A |
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