952-924-4694
1180 Cushing Cir, Saint Paul, MN for Sale
Apartments - FOR SALE
1/36
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1180 Cushing Cir
Saint Paul, MN 55108
Energy Park


HIGHLIGHTS

  • Compelling value-add opportunity
  • Strong lease trade outs/renewal trends
  • Significant gap to new construction rents
  • Opportunity to acquire at significant discount to replacement cost

OVERVIEW

CBRE, Inc., as exclusive advisor, is pleased to present to qualified investors The Burlington, a 1985-built, 438-unit apartment community in the capital city of St. Paul, MN. Uniquely situated on 18 acres in an urban setting, this urban oasis property provides a compelling value-add opportunity based on the remaining units to be renovated, current rent levels achieved for Tier II renovations, and a rent control exception (the property has the ability to raise rents by 19.4%). The property is being offered all cash or debt assumption.

FOR SALE DETAILS

PRICE

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# OF UNITS

438

CAP RATE

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% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Burlington Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1985

PARKING SPACES

400

LAND DETAILS

LAND ACRES

17.92 AC

LAND SF

780,438 SF

ZONING

RM3

APN/PARCEL ID

27-29-23-14-0019,27-29-23-14-0020,27-29-23-14-0021,27-29-23-14-0022,27-29-23-14-0024

ASK ABOUT THIS PROPERTY

Abe AppertCBRE, Inc.More Info
952-924-4694

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Abe AppertCBRE, Inc.More Info
952-924-4694

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