810 N Lilac Dr - Loft/Creative Space FOR SALE


Golden Valley, MN 55422
$2,200,000 USD
612-269-1902
810 N Lilac Dr, Golden Valley, MN for Sale
$2,200,000 USD
Loft/Creative Space - FOR SALE
1/17
null | 10.07% Cap Rate

NEW


810 N Lilac Dr
Golden Valley, MN 55422


HIGHLIGHTS

  • Stable multi-tenant office investment with approximately $182,000 in current NOI
  • Opportunity to increase NOI by nearly 50% through lease-up of currently available suites without major capital improvements.
  • Opportunity to add value through repositioning the remaining vacancy to amenity center with kitchen, conference room, and open flex spaces

OVERVIEW

810 N. Lilac Drive presents a rare opportunity to acquire a well-maintained, multi-tenant office building in the highly desirable Golden Valley submarket. The property is currently substantially leased and generates approximately $221,000 in annual net income, providing investors with immediate in-place cash flow and stability. The property also offers significant upside potential through the lease-up of the remaining vacant suites. Upon stabilization, ownership projects a potential net income of approximately $266,000 annually, creating a compelling value-add opportunity for investors seeking both current yield and future growth. Available space includes a highly functional two-story office suite featuring a large open workspace, conference room, private offices, and a full kitchen. This suite is well-suited for a traditional office user or could be repositioned as a tenant amenity center, training facility, collaborative workspace, or owner's headquarters suite to enhance leasing efforts and maximize property value. There is also a potential opportunity for a sale leaseback with the building owner's remodeling company that currently occupies the suite. Conveniently located near Highway 55, I-394, and Highway 100, the property offers excellent regional access, abundant parking, and proximity to numerous retail, restaurant, and service amenities. This combination of stable in-place income, leasing upside, and strategic location makes 810 N. Lilac Drive an attractive investment opportunity in one of the Twin Cities' most established office markets.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$129 USD /SF

CAP RATE

10.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

808-810 Lilac Drive N

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

undefined, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

C

APN/PARCEL ID

19-029-24-23-0019

ASK ABOUT THIS PROPERTY

Christian PetersonSotheby’s International RealtyMore Info
612-269-1902

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Christian PetersonSotheby’s International RealtyMore Info
612-269-1902

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