1185 Town Centre Dr - Medical FOR SALE
Eagan, MN 55123 |
1185 Town Centre Dr
Eagan, MN 55123
HIGHLIGHTS
- The 43,640 SF medical office is 90% leased and has a WALT of 3.8 years
- With assumable debt at 3.25% and a maturity date of June 2031, the investment's in-place levered cash-on-cash is estimated to be 7.2%
- Attractive financing combined with below-market rents and vacancy position the property to deliver stellar returns
- Within a three mile radius, the average household income is an impressive $139,000
- With rents at seven-year highs and vacancy rates at 5%, the Minneapolis-Saint Paul medical office market is robust
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Town Centre Plaza
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
55549
STORIES
2
BUILDING CLASS
B
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
217
LAND DETAILS
LAND ACRES
3.19 AC AC
LAND SF
138,956 SF
ZONING
-
APN/PARCEL ID
10-28900-01-010
