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700 Nicollet Mall, Minneapo...

Updated Sep 5, 2024

Minneapolis Office Lease - Jim Montez, Alex Baron, Nathan Arnold
LEASEDOffice

Minneapolis Office Lease - Jim Montez, Alex Baron, Nathan Arnold

700 Nicollet Mall, Minneapolis, Mn 55402, Usa

$22

$22/SF

Building Size

13,500 SF

Asset Type

Office

Closing

May 16, 2023

About this deal

AI

The office property located at Minneapolis, USA was recently leased.

Summary of transation details

  • Property Type: Office

The lease transaction involved the following individuals and companies:

The office lease at 700 Nicollet Mall, Minneapolis, Mn 55402, Usa in Minneapolis, Minnesota leased for $22 in 2023. The building is 13,500 square feet, implying about 22 per square foot on the published price. Jim Montez, Alex Baron, Nathan Arnold, Transwestern appear on the lease alongside Transwestern, Lee & Associates. This page is the Minneapolis, Minnesota file for the 700 Nicollet Mall, Minneapolis, Mn 55402, Usa office leased: pricing, party profiles, and other closed office comps from the same Minneapolis sit in the Market section below. Filter that Minneapolis office set by closing date to see what else leased near 700 Nicollet Mall, Minneapolis, Mn 55402, Usa around 2023. Published consideration for 700 Nicollet Mall, Minneapolis, Mn 55402, Usa is $22, dated 2023. Cite this Minneapolis Office Lease - Jim Montez, Alex Baron, Nathan Arnold lease when underwriting similar office product around Minneapolis, Minnesota.

Players

Jim Montez

Transwestern

Broker

2 deals

Broker

Minneapolis Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $22 per square foot on a published $22 for 13,500 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

721045.45%

Cash-on-Cash

-206077.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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