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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.
The Central
49 Units
3503 2nd Ave South
Minneapolis, MN  55408
Type: Conventional
Closed: 8/10/2018
    Tours Starting September 12th:
    • Tuesdays 10:00am - 3:00pm
    • Wednesdays 10:00am - 3:00pm
    • Thursdays 10:00am - 3:00pm

    Riverwalk Townhomes and Flats, located in the historic North Loop Neighborhood of Minneapolis, offers brick and timber design with walkable access to light rail, five Fortune 500 headquarters, nightlife, sports venues and an impressive array of award-winning restaurants. The North Loop is the metro’s highest profile urban neighborhood and its multifamily properties consistently perform at 98% occupancy or better. This Riverwalk offering presents investors the rare opportunity to acquire an irreplaceable North Loop asset with tremendous upside potential through in-unit renovations.

    The asset features 40 townhouse style units and 56 flats. All units offer stacked washers/dryers, individual HVAC, exposed brick/timber and high ceilings. The property is offered free and clear of existing financing and bids will be accepted on Wednesday October 4th. Tours will be scheduled Tuesday, Wednesday and Thursday between the hours of 10:00am and 3:00pm, beginning Tuesday, September 12th.
Riverwalk Townhomes & Flats
96 Units
50 N 4th Ave
Minneapolis, MN  55401
Type: Conventional
Closed: 12/15/2017
    Bustling, Urban, Infill LOCATION
    • Winner of "Best Art District" in America - (USA Today 2015)
    • #3 City in America for Beers Lovers - (Travel & Leisure 2013)
    RARE OPPORTUNITY to purchase modern multifamily in NE Minneapolis
    • Opportunity to purchase a Class A property below replacement cost
    • Only two market rate apartment buildings built since 1990 (rents at $2.00 psf)
    • Northeast Minneapolis is the “new Uptown” but with far fewer apartment buildings
    Incredibly Large FLOORPLANS
    • 1101 on Main has an average unit size that is 40% larger than the competition
    • Demand for larger units is increasing as millennials get married and start families
    • Nearly all units have a minimum of 1.5 bathrooms and a dedicated laundry room
    Major Upside in RENTAL INCOME
    • Current lease rates are below market while including underground parking and all utilities except electric.
    Strong demand FUNDAMENTALS
    • Proximity to Downtown Minneapolis (160,000 jobs) and the University of Minnesota (22,000 jobs)
    • Endless neighborhood amenities
1101 on Main
52 Units
1101 Main St NE
Minneapolis, MN  55413
Type: Fractured
Closed: 4/1/2016
CLOSED 3/31/2016

Cushman & Wakefield/NorthMarq is pleased to present Century Commons, a premier value-add investment opportunity. The property offers 153 student bedrooms (39 units) directly adjacent to Century College, Minnesota’s largest two-year community and technical college (11,000 students). Investors are offered the opportunity to acquire a strategically located, well-maintained student housing property with substantial value-add potential through kitchen renovations and light common area upgrades.

Century Commons provides students with a unique living environment that cannot be replicated in the marketplace. Furnished units are rented by-the-bedroom with lease structures catering to the academic calendar. Amenities appeal to the unique needs of students and include wireless internet, study lounge with computers and snack machines, controlled entry, video surveillance system and barbeque area.

Future ownership will be able to build on a multi-year year track record of NOI growth and benefit from a captive audience of student renters. Low long-term interest rates, continued rent growth and minimal ongoing capital requirements will make Century Commons a solid investment with strong cash-on-cash returns.

Century Commons
153 Units
3515 Century Ave N
White Bear Lake, MN  55110
Type: Student