2705 University Ave NE - Manufacturing FOR SALE


Saint Anthony, MN 55418
$7,000,000 USD
612-860-2467
2705 University Ave NE, Saint Anthony, MN for Sale
$7,000,000 USD
Manufacturing - FOR SALE
1/8
null | 6% Cap Rate

2705 University Ave NE
Saint Anthony, MN 55418


HIGHLIGHTS

  • Dock Doors: 6 trailer height doors, 2 ramped drive in doors
  • Elec info: Fourteen 240 volt panels
  • Vapor Mitigation: Sub-slab Depressurization vapor mitigation system installed in 2023; outsourced reporting, $5,000 annually
  • Located on high profile University Avenue in NE Mpls

OVERVIEW

Located on high profile University Avenue in NE Mpls, the “Bagtape Building” is a bill board location; highly visible and easily accessible. The building is located across the street from the recently built City of Minneapolis East Side Maintenance Building in an area that is prime for future redevelopment. Bagtape has been the sole tenant of the building for over 40 years and would like to renew their existing lease that expires on 1/31/2028.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

6

DRIVE INS

2

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.84

LAND SF

123,710

ZONING

OR2

APN/PARCEL ID

11-029-24-21-0014,11-029-24-21-0015,11-029-24-22-0009

ASK ABOUT THIS PROPERTY

Julie BauchBauch Enterprises, Inc.More Info
612-860-2467

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Julie BauchBauch Enterprises, Inc.More Info
612-860-2467

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.