Brooklyn Crossing Office Park Multi-Building Sale

Office: General

3200 - 3300 County Rd 10, Brooklyn CenterMN 55429

Property Details

Location

Address
3200 - 3300 County Rd 10, Brooklyn CenterMN 55429
County
Hennepin
Submarket
MN - Northwest
Business Park
Brooklyn Crossing Office Park

Building Size

Building Size
94,407 SF

Building Details

Type
 Office: General
Number of Buildings
5
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
B
Building Status
Existing
Floors
5
Elevators
2
Year Built
1981
Sprinklers
Yes
Primary Const.
Brick
Parking Ratio
Air Conditioned
Yes
Security System
Security and alarm system

Land & Utilities

Land (Acres)
7.45 Acres
Land (SF)
324,522 SF
Electricity
Yes
Sanitary Sewer
Yes
Water
Yes
Zoning
C1A
Lot Depth
Lot Width

Contacts

Current Listings

Brooklyn Crossing Portfolio Sale

Transwestern is pleased to offer for sale Brooklyn Crossing Office Park located at 3200 – 3300 County Road 10 in Brooklyn Center, Minnesota. Situated at the signalized intersection of Brooklyn Boulevard and Bass Lake Road, the office park consists of one five-story office tower and four single-story office buildings. The five buildings combined offer a total of approximately 89,935 rentable square feet and are 93.5% occupied by a mix of month-to-month and term tenants. The property is anchored by Hennepin County, The United States Social Security Administration, and Central Minnesota Credit Union. The remainder of the rent roll is comprised of local office, retail, and executive suite tenants. The surrounding area is the target of large amount of redevelopment capital through Qualified Opportunity Zone incentives and tax increment financing. While the property is not in a QOZ, it will benefit from the surrounding influx of housing and commercial development. The City of Brooklyn Center has entered into a Preliminary Development Agreement with a local developer for 35 acres for a mixture of multi-family and commercial development. Separately, a 127-unit workforce housing development recently opened on the adjacent property.

Offering Highlights

• Value-Add Opportunity

• Strong Anchor Tenants

• Good Visibility

• Significant Redevelopment Capital Planned for Area

Transwestern

Transwestern is pleased to offer for sale Brooklyn Crossing Office Park located at 3200 – 3300 County Road 10 in Brooklyn Center, Minnesota. Situated at the signalized intersection of Brooklyn Boulevard and Bass Lake Road, the office park consists of one five-story office tower and four single-story office buildings. The five buildings combined offer a total of approximately 89,935 rentable square feet and are 93.5% occupied by a mix of month-to-month and term tenants. The property is anchored by Hennepin County, The United States Social Security Administration, and Central Minnesota Credit Union. The remainder of the rent roll is comprised of local office, retail, and executive suite tenants. The surrounding area is the target of large amount of redevelopment capital through Qualified Opportunity Zone incentives and tax increment financing. While the property is not in a QOZ, it will benefit from the surrounding influx of housing and commercial development. The City of Brooklyn Center has entered into a Preliminary Development Agreement with a local developer for 35 acres for a mixture of multi-family and commercial development. Separately, a 127-unit workforce housing development recently opened on the adjacent property.

Offering Highlights

• Value-Add Opportunity

• Strong Anchor Tenants

• Good Visibility

• Significant Redevelopment Capital Planned for Area

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

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