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15612 Hwy 7 - Highwood Office Center, Minnetonka, MN

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15612 Hwy 7 - Highwood Office Center

Minnetonka, MN 55345 - I-394 Corridor Submarket


Property Type:Office Sub Type:- Status:Existing , Renov 1999 Year Built:1950
Stories:3 Typical Floor:7,000 SF Building Size:21,000 SF
% Leased:
For Sale Price:$1,950,000 Price/SF:$92.86
Cap Rate:-
Smallest Space:100 SF Largest Space:1,636 SF Total Space Avail:4,177 SF Rent/SF/Yr:
$18.00
Parking:Free Surface spaces are available; Ratio of 3.06/1,000 SF Amenities:Bus Line


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
100 SF-1,287 SF
$18.00/SF/Yr
Vacant
1-5 yrs
Office
 1st
140 SF-824 SF
$18.00/SF/Yr
Vacant
1-5 yrs
Office
 2nd
430 SF
$18.00/SF/Yr
Vacant
1-5 yrs
Office
 2nd
200 SF-1,636 SF
$18.00/SF/Yr
Vacant
1-5 yrs
Office
 
2114150
10923701
2114129
10715968
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
100 SF-1,287 SF
$18.00/SF/Yr
Vacant
1-5 yrs
Office
1st
140 SF-824 SF
$18.00/SF/Yr
Vacant
1-5 yrs
Office
2nd
430 SF
$18.00/SF/Yr
Vacant
1-5 yrs
Office
2nd
200 SF-1,636 SF
$18.00/SF/Yr
Vacant
1-5 yrs
Office

Sale Notes:
21,000 SF office building on nearly 2 acres of land in Minnetonka, MN. Property cash flows at over $16,000 / month and is about 40-50% vacant. Very strong pro forma and excellent demographics. City is open to multi-family, medical, office, redevelopment.

Great location, next to Cristos Greek restaurant on Highway 7 and North Memorial's new building. Roof, bathrooms and parking lot updated 2010.

Standard Commercial
Harrison Wagenseil
(612) 280-0096


FTK Properties, Inc.
Denny Walsh
(612) 414-5055



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