952-924-4654
8617 Edinbrook Xing, Brooklyn Park, MN for Sale
Apartments - FOR SALE
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8617 Edinbrook Xing
Brooklyn Park, MN 55443


HIGHLIGHTS

  • 610 Corridor Growth - Med Tech Alley
  • Significant Renovations During Current Ownership Tenure
  • Strong Renewal Retention
  • Serene Golf Course Setting
  • Superior Amenity Offering
  • Proximity to Maple Grove Retail

OVERVIEW

The Fairways Apartments at Edinburgh is a 198-unit apartment community overlooking Edinburgh USA Golf Course, located just south of the rapid growth 610 Corridor. The property has undergone significant renovations under current ownership including complete unit renovations and common area updates. The property is well-positioned for strong rent growth given operational trendline, with NOI having grown 8%. ???????The Brooklyn Park submarket has seen growth in rents and current market vacancy is 2.4%. The major differentiating factor with The Fairways is its large average unit size of 1,121 square feet and attractive unit mix with 70% 2 BR / 2BA. In addition, 48% of the units have golf course views and all units have in-unit, full size washer/dryer.  The property is being offered free and clear.

FOR SALE DETAILS

PRICE

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# OF UNITS

198

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Fairways Apartments at Edinburgh

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1992

PARKING SPACES

192

LAND DETAILS

LAND ACRES

11.31 AC

LAND SF

492,664 SF

ZONING

PCDD

APN/PARCEL ID

15-119-21-34-0019,15-119-21-43-0026

ASK ABOUT THIS PROPERTY

Keith CollinsCBRE, Inc.More Info
952-924-4654

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Keith CollinsCBRE, Inc.More Info
952-924-4654

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