612-812-7525
120 2nd St N, Minneapolis, MN for Sale
Apartments - FOR SALE
1/37
null | Request Cap Rate

120 2nd St N
Minneapolis, MN 55401
Warehouse District


HIGHLIGHTS

  • Strong site level operations
  • Strong submarket fundamentals
  • Premier North Loop address

OVERVIEW

CBRE is excited to present Second + Second for sale, a premier multifamily asset in the sought-after North Loop neighborhood. The property has seen extremely high renewal retention year to date, in addition to this, those renewals have been at rents with a 3%-5% increase. Second + Second sits in one of the most dynamic sub-markets in the entire Twin Cities and is recognized nationally as a top renter submarket. The definition of a live-work-and-play location, the asset benefits from an active neighborhood. Located at the intersection of N 2nd St and 2nd Ave N, it is in one of the most accessible pockets of the North Loop, offering easy access to the CBD. This property is offered free and clear. Future ownership will benefit from the lack of new product in the market and the rent growth being experienced today within the market. This asset is one of the neighborhood’s most iconic residential buildings due to its unique architecture, pocket plaza, and attention to detail.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

158

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Second & Second Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

B4-N

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ted AbramsonCBRE, Inc.More Info
612-812-7525

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Ted AbramsonCBRE, Inc.More Info
612-812-7525

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