

810 Lilac Drive North
Value-add Creative Office Space in Golden Valley
Marketing description
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.
Investment highlights
Stable multi-tenant office investment with approximately $221,000 in current NOI
Opportunity to increase NOI by 20% 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 OR to create large owner-occupied space
Sale leaseback and/or creative financing available.
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