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Cushman & Wakefield is pleased to present for sale, Lofts on 4th Apartments. Lofts on 4th, located in the historic Lowertown Neighborhood of St. Paul, offers highly desirable loft-style apartments steps away from Union Depot, St. Paul Farmers Market, CHS Field, Mears Park, St. Paul CBD and a wide variety of landmark restaurants and nightlife.

Lowertown is St. Paul’s highest profile urban neighborhood and its multifamily properties consistently perform at 98% occupancy or better. Additionally, the current average rent for the downtown St. Paul submarket is up 5.2% year-over-year bringing that figure to a new high of $1,535/month. This “Lofts on 4th” offering presents investors the rare opportunity to acquire an irreplaceable Lowertown asset with tremendous upside potential through in-unit and common area renovations.

Lofts on 4th features 24 loft-style apartments with 14’-20’ ceilings, exposed brick and large windows in select units. The property also includes 4 basement art studios and 2 street level retail tenants (Lowertown Wine & Spirits and Master Framers). The property is offered free and clear of existing financing.

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Under Contract
Lofts on 4th
24 Units
262 4th Street E
St. Paul, MN  55101
Type: Conventional
Cushman & Wakefield is pleased to present for sale the Richfield Apartment Portfolio, a 3 Building, 40-unit value-add opportunity in the vibrant 494 Corridor of western Richfield, MN. Long-term ownership has maintained the buildings with care and now offers investors the opportunity to acquire the portfolio or individual assets.

The properties are located near the Best Buy Headquarters with the addresses 7421 Penn Ave S, 7412 Oliver Ave S, and 7428 Lyndale Ave S and contain 11, 11, and 18 units respectively. The apartments’ prime location gives residents easy access to public transit, interstate 494, Southtown Shopping Center, Target, Hobby Lobby, and many dining options.

Ideally located in Richfield’s 494 corridor, just off Interstate 35W, the Richfield Apartment Portfolio is a true value-add opportunity with legitimate immediate upside. The unit-mix is predominantly one-bedrooms with large floor plans. The average in-place rent is currently 5-12% below comparable properties in the sub-market, and renovated units nearby are achieving 20% rent premiums. This allows opportunistic investors the ability to capture their desired returns through implementing a “light” in-unit and common area renovation plan.

The Richfield Apartment Portfolio is offered free and clear of existing financing and tours will begin the week of May 1st. Please contact Lance Steiger directly to set up a tour, which will be scheduled by appointment only.
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Richfield Portfolio (2 properties, 40 units)
Lyndale
18 Units
7428 Lyndale Ave S
Richfield, MN  55423
Cushman & Wakefield is pleased to present for sale Nicollet Apartments, a 29-unit value-add opportunity in the vibrant neighborhood of Kingfield in Southwest Minneapolis.

The property is located just off I-35W on the bustling street of Nicollet Avenue. Nicollet Apartments’ prime location gives residents easy access to everything. The property is located minutes from Downtown, Uptown, Lake Harriet, Lake Calhoun, Midtown, and Lake Nokomis. Located in the thriving Kingfield neighborhood, the property is steps from locally acclaimed restaurants including Grand Café, Victor’s 1959 Café, Blackbird Café, Patisserie 46, Revival, Tap Society, and the Kingfield Farmers Market.

Nicollet Apartments is a true value-add opportunity with legitimate immediate upside. The unit-mix is predominantly three-bedrooms with large open floor plans and vinyl plank flooring in select units. The average in-place rent is currently 20% below comparable properties in the sub-market, allowing opportunistic investors the ability to capture their desired returns through implementing a “light” in-unit and common area renovation plan.

Nicollet Apartments is offered free and clear of existing financing and tours will begin the week of April 29th. Please contact Robert Dulin directly to set up a tour, which will be scheduled by appointment only.
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Nicollet Apartments
29 Units
4429 Nicollet Ave S
Minneapolis, MN  55419
Type: Conventional
Cushman & Wakefield is pleased to present for sale the Richfield Apartment Portfolio, a 3 Building, 40-unit value-add opportunity in the vibrant 494 Corridor of western Richfield, MN. Long-term ownership has maintained the buildings with care and now offers investors the opportunity to acquire the portfolio or individual assets.

The properties are located near the Best Buy Headquarters with the addresses 7421 Penn Ave S, 7412 Oliver Ave S, and 7428 Lyndale Ave S and contain 11, 11, and 18 units respectively. The apartments’ prime location gives residents easy access to public transit, interstate 494, Southtown Shopping Center, Target, Hobby Lobby, and many dining options.

Ideally located in Richfield’s 494 corridor, just off Interstate 35W, the Richfield Apartment Portfolio is a true value-add opportunity with legitimate immediate upside. The unit-mix is predominantly one-bedrooms with large floor plans. The average in-place rent is currently 5-12% below comparable properties in the sub-market, and renovated units nearby are achieving 20% rent premiums. This allows opportunistic investors the ability to capture their desired returns through implementing a “light” in-unit and common area renovation plan.

The Richfield Apartment Portfolio is offered free and clear of existing financing and tours will begin the week of May 1st. Please contact Lance Steiger directly to set up a tour, which will be scheduled by appointment only.
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Richfield Portfolio (2 properties, 40 units)
Penn & Oliver
22 Units
7421 Penn Ave S & 7412 Oliver Ave S
Richfield, MN  55423