Properties

Twin Cities Campus Duo

Various, Minneapolis, MN

Overview

Property Subtype	Mid-Rise
Sale Price	Subject To Offer
Number Of Units	186
Year Built	2001

Description

Lower Cost Provider with Value-Add Upside

University Commons is strategically positioned as a more affordable option compared to nearby newer properties; Newmark projects the next owner can increase NOI by an additional $352k through the full renovation of unit interiors and refreshing community amenities to achieve property stabilization

Location

Convenient Location in the West Bank Area with Quick Access to the University Shuttle

GrandMarc Seven Corners is adjacent to University of Minnesota Twin Cities (UM) buildings and classrooms located on the south side of the Mississippi River; the property is serviced by four university bus lines operating daily, ensuring efficient routes throughout the campus and the Downtown/West Bank area

Contact Broker

Ryan Lang
Executive Vice Chairman
Newmark

Office	+1(512)637.1296

Jack Brett
Senior Managing Director
Newmark

Office	+1(832)434.5575

Ben Harkrider
Managing Director
Newmark

Office	+1(512)637.1435

Ben Roelke
Executive Managing Director
Newmark

Office	+1(214)870.6138

Ian Walker
Senior Managing Director
Newmark

Office	+1(972)900.5117

Trent Houchin
Director
Newmark

Office	+1(512)637.1298

Jeff Barnwell
Vice President
Newmark

Office	+1(469)467.2039

*STANDARD OPERATING PROCEDURES FOR NEWMARK REPRESENTING A BUYER OF RESIDENTIAL REAL ESTATE

Please be advised that prior to showing a purchaser a property: (1) we do not require identification from a prospective purchaser, (2) we do not require a purchaser to sign an exclusive brokerage agreement, and (3) we do not require a pre-approval for a mortgage loan in order to show a purchaser properties.