Tim Sorteberg - Commercial Real Estate Showcase

Tim Sorteberg Property Listings
Avidity Financial
4570 W 77th St
Suite 155
Edina, MN 55435

7201 - 7245 University Avenue NE - University Avenue Business Center

Fridley, MN 55432-3134 - North Central Ind Submarket

(1.2 MB)

Property Type:Industrial Sub Type:Showroom Status:Existing Year Built:1990
Building Size:47,433 SF Land Area:3.92 AC (170,646 SF)
Ceiling Height:14'0'' Loading Docks:4 ext Rail:- Power:-
For Sale Price:$4,950,000 Price/SF:$104.36
Cap Rate:8.25 %
Zoning:M-2 Sprinklers:- Drive Ins:6 tot./8'0''w x 10'0''h Cranes:-
Parking:Free Surface spaces are available; Ratio of 1.26/1,000 SF Amenities:Signage

Sale Notes:
The subject property is a one story facility occupied primarily by medical or health related clients. Clinics occupy 27,399 square feet, or 58% of the property. Medical supply companies and a personal fitness company occupy 11,415 square feet, or 24.2% of the property. The balance of the occupied space, containing 5,443 square feet, is occupied by an automotive after market tenant and by a cleaning service.
Finished Square Feet: Approximately 44,298 square feet

Building Age: Built in 1990; approximately 26 years old

Warehouse Clear Span Height: Approximately 13 feet

Building Exterior: Brick veneer over concrete, ballast membrane roof, individual rooftop HVAC per bay, fully sprinklered, loading dock doors on the east side of the building, concrete footings, steel and beam framing, aluminum framed insulated windows, bituminous parking lot recently seal coated.

The property is located at 7205-7245 University Avenue NE, Fridley, Minnesota 55432 (location map attached). It has high visibility on University Avenue, and is located approximately one mile from Mercy Hospital. Access is exceptional, with 694 and 35W to the south, State Highway 65 and 35 to the east, and County 10 to the north.

Shopping is available at Northtown Mall just to the north of the subject property.

Avidity Financial
Tim Sorteberg
(952) 224-0667

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