Fredrikson & Byron Leases 158,000 SF Office Space At 60 South Sixth In Downtown Minneapolis
60 South 6th St, Minneapolis, Mn 55402, United States
$45
$45/SF
Building Size
158,000 SF
Asset Type
Office
Closing
Jun 15, 2023
AI
The law firm Fredrikson & Byron has recently leased a 158,000-square-foot office space located at 60 South Sixth in downtown Minneapolis. The property, owned by KBS Real Estate Investment Trust III, offers various amenities such as a fitness center, underground parking, and a tenant lounge.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 60 South Sixth, Minneapolis
- Market: Minneapolis
- Landlord: KBS Real Estate Investment Trust III
- Tenant: Fredrikson & Byron
- Landlord's Rep: Brent Robertson, Andrea Leon & Jon Dahl - JLL
- Tenant's Rep: Larry Serota & Will McDonald - Transwestern
- Asking Rent: $45/ft. ~ SF: 158,000
There is no additional information available regarding the lease transaction at this time.
Players
Minneapolis Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93