Fredrikson & Byron Leases 158,000 SF Office Space At 60 South Sixth In Downtown Minneapolis
60 South 6th St, Minneapolis, Mn 55402, United States
Building Size
158,000 SF
Asset Type
Office
Closing
Jun 15, 2023
About this deal
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.
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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