Cushman & Wakefield is pleased to present for sale, The Central, a 49-unit “Micro” Multifamily new construction located in a vibrant South Minneapolis neighborhood.
Completed in 2018 and 90% pre-leased upon opening June 1st, The Central was built with state-of-the-art construction while utilizing the highest efficiency standards in the market. The property offers stylish modern layouts with quartz countertops, high-end cabinets, premium wood flooring, stainless-steel appliances and Wi-Fi connected remote access thermostats in all units. The best-in-class amenities at the property are unrivaled to the competition and offer residents a community room with garage door opening to rooftop deck, fitness center, patio with outdoor grill, covered heated parking, heated indoor bike racks/storage, secure package delivery and free Wi-Fi throughout the building.
Centrally located in the heart of South Minneapolis, just off of Interstate 35W at the corner of 2nd Avenue South and East 35th Street, The Central’s prime position gives residents easy access to everything. The property is located minutes from Downtown Minneapolis, Uptown, Lyn-Lake, Eat Street, Lake Harriet, Lake Calhoun, Powderhorn Park, Midtown and Lake Nokomis. The Central is also steps from the thriving “Kingfield” neighborhood with locally acclaimed restaurants including Grand Café, Victor’s 1959 Café, Blackbird Café, Nighthawks Diner & Bar, Hola Arepa, Five Watt Coffee, Kyatchi, Pat’s Tap, Rincon 38 and Butter Bakery Café.
The Central is a unique opportunity to acquire a new construction, best-in-class “Micro” Multifamily asset in a desirable community with limited to no competition of similar properties in this price point.
Lexington Park is a 362-unit apartment community on Indianapolis’ east side.
Built in 1967, the property consists of 35 two-story residential buildings and a clubhouse on approximately 23 acres. The property offers a variety of floor plans - 1 and 2-bedroom flats, 2 bedroom townhomes and one 3-bedroom townhome. All of the townhome units (with the exception of 7 units) have washer/dryer hook-ups.
The location of Lexington Park offers easy access to interstate 70; making it convenient for residents to access I-465, I-74 and I-65 within just minutes of the property. The Indianapolis CBD, with its vibrant downtown cultural and entertainment attractions and a 30,000 student university (IUPUI), is only a 15-20 minute drive from the property via I-70.