7807 Creekridge Cir - Office FOR SALE


Bloomington, MN 55439- Bloomington West
$6,000,000 USD
651-256-7404
7807 Creekridge Cir, Bloomington, MN for Sale
$6,000,000 USD
Office - FOR SALE
1/56
null | Request Cap Rate

7807 Creekridge Cir
Bloomington, MN 55439
Bloomington West


HIGHLIGHTS

  • $1,000,000 Price Reduction, now priced at $6,000,000
  • New Office Golf Lease Back Option! Office Golf is willing to lease back the 1st Floor and half of the 2nd Floor for 3-5 years
  • Significant Capital Investment: Approximately $3 Million invested in interior and exterior renovations (2023)
  • Zoning: C-4 Freeway Office: allows for a wide range of office, hospitality, and commercial uses
  • 164 Parking stalls with 68 underground + 96 surface
  • Owner User or Investor Opportunity. Business + FF&E also available.

OVERVIEW

• $1,000,000 Price Reduction, now priced at $6,000,000. New Office Golf Lease Back Option! • Investors: Office Golf is willing to lease back the 1st Floor and half of the 2nd Floor for 3-5 years (depending on all terms such as sale price, lease rate, etc). See Financials for lease rates at current pricing. • Owner/Users: Ideal arrangement with in place income, but available space for immediate occupancy post closing. Perfect corporate headquarters. • Significant Capital Investment: Approximately $3 Million invested in interior and exterior renovations (2023) • Office Golf Amenities Include: o 18 TrackMan golf simulators o 2 Full-Service Bars (including the Hornet Bar) o Commercial Kitchen o Turnkey Restaurant Space with outdoor patio • Premier I-494 Corridor Location: o Exceptional visibility and frontage along one of Bloomington’s most trafficked corridors o Strong Demographics: $179,026 average household income within 1 mile o Traffic Counts: Exposure to 140,296 vehicles per day on I-494 o Surrounding Area: Located among national retailers, hospitality, and dense multifamily housing • Zoning: C-4 Freeway Office: allows for a wide range of office, hospitality, and commercial uses • Building Overview: o Existing diversified Tenant mix include: Office Golf, 2nd Swing Golf, Bethany Fellowship, Financial Services, Transportation, Construction, and more. o 65,623 total SF: 42,303 finished SF Class B Office building + 23,320 SF of underground parking (2 levels) o Three-story structure with elevator service o Open-concept layouts with abundant natural light o Modernized finishes and strong curb appeal o New Roof 5 years ago (~20 year warranty) o 6 new offices just completed on 2nd floor for additional income potential • Site Details: o 1.80 acres (78,404 SF) site o Great parking with 68 underground + 96 surface stalls • Contact: Hayden Hulsey, CCIM for financials, tours, and additional information

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Office Golf

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

164

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

C-4

APN/PARCEL ID

17-116-21-21-0006

ASK ABOUT THIS PROPERTY

Mark HulseyResults CommercialMore Info
651-256-7404

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Mark HulseyResults CommercialMore Info
651-256-7404

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