Listed by Newmark - Minneapolis
$4,800,000
F.W. Knoblauch Ground Lease
Details
Property Type Land
Sub Type Commercial
Lease Expiration 04/30/2113
Remaining Term 87
Pro-Forma Cap Rate 5.02%
Lot Size (SqFt) 13,640
88-Year Ground Lease | Prime Minneapolis CBD Location
Investment highlights
Click here to sign CA and access Offering Memorandum
Investment Overview:
Long Term: 88-year ground lease; 2113 expiration
Unsubordinated: Unsubordinated ground lease with first lien position
Rent Growth: Rent adjustment every 10 years
Main & Main: Nicollet Mall and 8th Street is the center of commerce in the Minneapolis CBD
24-Hour City: Minneapolis is a 24-hour city with a growing population, active redevelopment
RSM Plaza Overview:
Square Feet: +/- 416,000 (13-Story East Tower | 20-Story West Tower)
Parking: 867 Stalls in 13-Story Ramp (5 stories below grade)
Key Tenant: RSM - 12 Year Renewal in 2019 | 125,060 SF
Skyway Connections: IDS | Medical Arts
Recent Renovation: $10,000,000 in 2018/2019
Listing Contacts
Listed by Newmark - Minneapolis
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Name
License
Is there information that looks off?
