Lyndale Office/Flex
43,080 SF multi-tenant office/flex building located directly off I-35W
Marketing description
10740 Lyndale Avenue South is a 43,080 SF multi-tenant office/flex building located directly off I-35W at the 106th Street exit in Bloomington.
• Multi-tenant office/flex building with 27 units
• 5 drive-ins (8x10')
• 4 exterior docks
• 18' clear
• Building signage
• Air conditioning and wheelchair accessible
• Located directly off I-35W at the 106th Street exit in Bloomington
• 5 minutes from MSP Airport, 8 minutes from Mall of America
Investment highlights
STABILIZED ASSET — IMMEDIATE VALUE-ADD OPPORTUNITY AT RENEWAL
The property is 92.8% occupied across 26 active tenants, generating $619,371 in gross annual income and a trailing-12 NOI of $343,131. With a WALT of just 2.17 years, a new owner will have the opportunity to renegotiate a meaningful portion of the portfolio's lease structures in the near term.
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