952-924-4694
9325 Garland Ave, Maple Grove, MN for Sale
Apartments - FOR SALE
1/16
null | Request Cap Rate

9325 Garland Ave
Maple Grove, MN 55311


HIGHLIGHTS

  • Value-Add Opportunity
  • Significant Discount to Replacement Cost Post-Renovation
  • Supply Absorbed, No Future Deliveries Planned
  • Strong Nearby Employment - Med Tech Alley
  • Located in Retail Mecca

OVERVIEW

CBRE, Inc. as exclusive advisor, is pleased to present Arbor Glen - an opportunity to purchase a 264-unit, 2002 built asset in the highly desirable Maple Grove submarket. The property is a unique, untouched, value add-opportunity with new construction market rents significantly higher than the subject. This three building campus offers some of the largest multifamily units within its competitive set, averaging over 1,100 square feet. The site benefits from close proximity to major employers along one of the most active growth corridors and easy access to abundant retail within the Arbor Lakes retail trade area. In addition, Maple Grove has both some of the strongest demographics in the Twin Cities, a top school district, and premier access to parks and recreation. The property is being offered free and clear.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

264

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arbor Glen Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2002

PARKING SPACES

350

LAND DETAILS

LAND ACRES

7.45 AC

LAND SF

324,600 SF

ZONING

-

APN/PARCEL ID

17-119-22-21-0159

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.