Skyline Professional Center - LoopNet · Skyline Professional Center Tenants Avada Audiology &...

Skyline Professional Center12940 Harriet Avenue S, Burnsville, MN 55337

Jeffrey LaFavre, CCIM, [email protected]

Brian BeemanSenior [email protected]

Phone: 612-868-7429 222 South 9th Street, Suite 1600 Minneapolis, MN 55402

PROPERTY HIGHLIGHTSSkyline Square Investment Analysis October 1, 2017

Northeast Corner

West Side

Southwest Corner

North Side

Table of Contents

Aerial Map ................................................................................ 3

Exterior Photos ....................................................................... 4

Property Photos ...................................................................... 5

1st Floor Plan .......................................................................... 6

2nd Floor Plan ......................................................................... 7

Current Tenants ...................................................................... 8

Cash Flow Analysis ................................................................ 12

Property Resale Analysis ....................................................... 14

Competitive Building Set ....................................................... 15

Demographic and Income ............................................. 30

Traffic Counts ......................................................................... 37

Greater MSP Data ................................................................... 38

About IAG Commercial .......................................................... 45

AERIAL MAPSkyline Professional Center12940 Harriet Avenue S | Burnsville, MN 55337


PROPERTY PHOTOSSkyline Professional Center12940 Harriet Avenue S | Burnsville, MN 55337


Skyline SquareProperty Pictures and Aerials

North Side-Winter South Entrance-Winter

Skyline Square Bird's Eye Northeast Corner-Fall

Southwest Corner West Side

PROPERTY PHOTOSSkyline Professional Center12940 Harriet Avenue S | Burnsville, MN 55337


Skyline SquareInterior Photos

North Entrance Building Conference Room

Bathroom Vanity

Bathroom Stalls Internal West Stairwell

UP

VACANTSUITE 115711 RSF

SUITE 120

SUITE110

SUITE105

VACANTSUITE 100365 RSF

SUITE 101

SUITE 102

VACANTSUITE 1041,369 RSF

SKYLINE SQUARE OFFICE BUILDING12940 Harriet Ave South, Burnsville, MN

SKY LINE SQUARE OFFICE BUILDING FLOOR 1 - COMPOSITE LEASE PLAN1

IAG COMMERICAL REAL ESTATE222 South 9th Street, suite 1600

Minneapolis, MN 55402T 612.216.5280

Jeff Lafavre 612.868.7429

DN

SUITE 220

SUITE 230 VACANTSUITE 2351,856 USF2,134 RSF

SUITE 215 SUITE 210

SUITE260

SUITE240 SUITE

250

CONFERENCEROOM

SUITE 255

SUITE 218OFFICE A OFFICE F

263 RSF

OFFICE D

OFFICE E248 RSF

OFFICE COFFICE B

SKYLINE SQUARE OFFICE BUILDING12940 Harriet Ave South, Burnsville, MN

SKY LINE SQUARE OFFICE BUILDING FLOOR 11

IAG COMMERICAL REAL ESTATE222 South 9th Street, suite 1600

Minneapolis, MN 55402T 612.216.5280

Jeff Lafavre 612.868.7429

SkylineProfessionalCenterTenantsAvadaAudiology&HearingCare

Avadaiscurrentlycomprisedofnearly170clinicsin20states,andisoneofthelargestdispensersofhearingdevicesintheUnitedStates.OurMissionistoservethehearingimpairedwiththehighestdegreeofintegrity,professionalism,ethics,technologyandserviceavailabletoensurethegreatestpatientsatisfaction.Byearnestlylisteningtoourpatients,wegainabetterunderstandingoftheirlifestyleandhearingneeds.Afterbuildingafoundationoftrust,werecommendsolutions,whichhelptorestorecommunicationstofriendsandfamily.ChristianHeartCounseling

WelcometoChristianHeartCounseling,whereourChristiancounselorsandChristianTherapistsareMastersandPh.D.ClinicalTherapists&Psychologistsdedicatedtoservingyou.WeprovideChristianCounselingforindividuals,couples,families,childrenandteenswithfivelocations(Burnsville,Fridley,Minnetonka,StillwaterandSt.Paul).HavenFinancialGroup

Weareafull-servicefinancialfirmcommittedtohelpingpeoplepursuetheirretirementgoals.Weofferawiderangeoffinancialproductsandservicestoindividualsandbusinessowners.Webelieveyouwillbebetterabletoidentifyyourgoalsandmakesounddecisionstohelpreachthembyourprovidingsoundfinancialinformation.

NationalCottonseedBrokersLLC

Wholecottonseedisanexcellentfeedingredientforcattle.NCBhasseveralyearsexperienceworkingwithgins,dealersandend-usersinpricediscoveryandinfacilitatingtradesofwholecottonseed.PiccolinoPsychologicalServices,P.A.

Mytherapeuticapproachdrawsfromavarietyoftherapeuticmodalitiesincludingcognitive-behavioral,psychodynamic,EMDR,andinterpersonal.Regardlessofthekindoftherapy,counselingisonlyeffectiveiftheclientiscomfortableandabletotrustthetherapist.Itistherelationshipthatmatters.Aftermorethan15yearsofworkingwithclients,IfeelconfidentinmyabilitytoconnectwiththeclientsIworkwith.Ifyouarereadytotakethenextstep,Iamheretohelp.PinnacleFoot&AnkleClinic

ThePodiatricPhysiciansatPinnacleFoot&Anklearetrainedtotreatallaspectsofthefootandankle.Locatedinthreelocations:Burnsville,CoonRapids,andEdina.

PlusCenterInc.

PlusCenterisdedicatedtohelpingchildrenwithmotordisabilitiesrealizetheiruniqueandamazingpotential.FoundedonthepracticesandprinciplesofConductiveEducation,PlusCenterbelievesthateverychild,regardlessofphysicalability,deservestheopportunitytoseetheirroleintheworldasanactiveone.SkylineChiropractic

LocatedintheheartofBurnsville,theleadinghealthprofessionalsatSkylineChiropracticarededicatedtohelpingyouachieveyourwellnessobjectives–combiningskillandexpertisethatspanstheentirechiropracticwellnessspectrum.ThedoctorsandstaffatSkylineChiropracticarecommittedtobringingyoubetterhealthandabetterwayoflifebyteachingandpracticingthetrueprinciplesofchiropracticwellnesscare.Terryberry

Fornearlyacentury,Terryberryhasbeenhelpingorganizationsdevelop,implementandmanageemployeerecognitionprograms.With26locationsinNorthAmericaandEuropeand25,000+clientsworldwide,Terryberryisanindustryleaderinemployeerecognitioninnovation.

ThomasAllen

ThomasAllenemploysover650peopleandprovidesawidevarietyofservicestoover3,500individualsthroughoutMinnesota.Theyprovideresidentialapartmenttraining/livingservicestohigherfunctioningadultswithdevelopmentaldisabilities. Xantel

XantelpersonnelhavebeeninvolvedwiththeAMAPSfamilyofEnterpriseResourcePlanning(ERP)systemsusedbymajormanufacturersinmultipleindustriesforthelast25years.XantelisuniquelyfocusedonthedeliveryandsupportofascalableERPsystemforcompaniesrequiringFDAcompliance.

CASH FLOW ANALYSISSkyline Professional Center12940 Harriet Avenue S | Burnsville, MN 55337


Description Year 1 Year 2 Year 3 Year 4 Year 5

GROSS SCHEDULED INCOME $435,685 $439,251 $453,822 $459,361 $480,028

Lease-up Vacancy ($4,266) $0 $0 $0 $0

Rent Abatement ($4,842) $0 $0 $0 $0

Turnover Vacancy ($4,089) ($11,163) ($6,876) ($13,458) $0

General Vacancy ($17,696) ($10,800) ($15,815) ($9,510) ($24,001)

Total Operating Expenses ($216,623) ($219,780) ($222,984) ($226,236) ($229,536)

NET OPERATING INCOME $188,169 $197,508 $208,148 $210,157 $226,490

Loan Payment ($107,554) ($107,554) ($107,554) ($107,554) ($107,554)

Capital Costs ($44,501) ($25,307) ($18,930) ($40,513) ($3,000)

Reserves Expended $6,189 $6,189 $6,189 $6,189 $3,000

NET CASH FLOW (b/t) $42,304 $70,837 $87,854 $68,281 $118,936

Cash On Cash Return b/t 7.73% 12.94% 16.05% 12.47% 21.72%

NET OPERATING INCOME $188,169 $197,508 $208,148 $210,157 $226,490

Depreciation ($44,432) ($46,367) ($46,367) ($46,367) ($44,441)

Loan Interest ($71,832) ($70,191) ($68,474) ($66,679) ($64,801)

TAXABLE INCOME (LOSS) $71,906 $80,951 $93,307 $97,112 $117,248

Income Taxes ($23,369) ($26,309) ($30,325) ($31,561) ($38,106)

CASH FLOW (a/t) $18,934 $44,528 $57,529 $36,719 $80,831

* b/t = before taxes;a/t = after taxes

CASH FLOW ANALYSISSkyline Professional Center12940 Harriet Avenue S | Burnsville, MN 55337



Cash On Cash Return a/t 3.46% 8.13% 10.51% 6.71% 14.76%

* b/t = before taxes;a/t = after taxes

PROPERTY RESALE ANALYSISSkyline Professional Center12940 Harriet Avenue S | Burnsville, MN 55337



Projected Property Value $2,213,759 $2,323,629 $2,448,795 $2,472,441 $2,664,589

Resale Expenses ($132,826) ($139,418) ($146,928) ($148,346) ($159,875)

Proceeds b/f Debt Payoff $2,080,933 $2,184,211 $2,301,868 $2,324,094 $2,504,714

Basis at Acquisition $2,160,000 $2,160,000 $2,160,000 $2,160,000 $2,160,000

Depreciation ($44,432) ($90,798) ($137,165) ($183,532) ($227,972)

Adjusted Tax Basis $2,115,568 $2,069,202 $2,022,835 $1,976,468 $1,932,028

Resale Tax Gain (Loss) ($34,635) $115,009 $279,033 $347,626 $572,686

Resale Tax Benefit (Cost) $0 ($27,542) ($62,665) ($78,702) ($125,936)

Loan Principal Balance ($1,576,778) ($1,539,415) ($1,500,336) ($1,459,461) ($1,416,709)

Replacement Reserves $0 $0 $0 $0 $3,189

Net Resale Proceeds $504,155 $617,254 $738,867 $785,931 $965,258

* b/f = before

Skyline Competitive Set 10/17

Prepared By:Jeffrey LaFavre

IAG Commercial

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Professional Plaza III - 1500-1526 122nd StBurnsville, MN 55337-6804 | Dakota County | Southeast Market

Property Type: Ind / Flex/R&D Available SF: 3,014Bldg Size: 36,395 Max Contig: 3,014 SFYear Built: 1985 Min Divisible: 3,014 SFDocks/Drive-Ins: 3/- - Lease Rate: $4.25 - $8.25 NNNClear Height: 11.50 FT Sublease: NoLand Area: 2.24 Ac. Operating Exp/SF: $1.68 /SFZoning: B3 Taxes/SF: $1.69 /SF% Occupied: 91.72% Price: - - | - - /SF

Listing ContactCBRE CBREBryan Van Hoof Jeff Przytarski(952) 924-4624 (952) [email protected] [email protected] NotesThis 36,395 square foot office/showroom building is located south of the Minnesota River and directly off of Highway 13 in Burnsville. This property is easily accessible from I-35W, I-35e, Highway 77 and Highway 13. The building is easily visible from Highway 13. Minutes to area retail, hotels and restaurants. The building has an abundant glass line.

Unit SF Avail Max Contig Min Div Lease Rate Vacant Occupancy Office SF Docks Drive-Ins Clear Height1504 3,014 3,014 3,014 $4.25 - $8.25 NNN Yes Now

- - Parkway Place - 101 W Burnsville PkwyBurnsville, MN 55337-2571 | Dakota County | Southeast Market

Property Type: Ofc / General Available SF: 15,000Bldg Size: 29,784 Max Contig: 15,000 SFStories: 2 Min Divisible: 1,000 SFBuilding Class: B Lease Rate: $15.00 - $22.00 NNNYear Built: 1979 Sublease: NoCore Factor: Operating Exp/SF: - -Parking: 110 / 3.69/1000 SF Taxes/SF: - -% Occupied: 49.64% Price: - - | - - /SF

Listing ContactCG Holdings, LLCRoh Perera(612) [email protected] NotesJoin our soon-to-be-named Bank and restaurant anchor tenants and other premier retail and office tenants at 101 Parkway Place in the Heart of the City - Burnsville, MN. We have small to large spaces available for your business. Building recently underwent a complete remodel. There is plenty of parking available with high traffic counts and highly visible signage. Plenty of area amenities.

Floor Unit SF Avail Max Contig Min Div Lease Rate Space Type Vacant Occupancy Term2 15,000 15,000 1,000 $15.00 - $22.00 NNN Office Yes Now

- -

Information obtained from sources deemed reliable. While considered accurate, we make no guarantee, warranty or representation. Date: 10/05/2017 Page 1 of 12

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201 Burnsville Pkwy Bldg 201 - 201 W Burnsville PkwyBurnsville, MN 55337-2527 | Dakota County | Southeast Market

Property Type: Ofc / General Available SF: 2,625Bldg Size: 21,600 Max Contig: 1,450 SFStories: 1 Min Divisible: 1,175 SFBuilding Class: C Lease Rate: $14.00 GrossYear Built: 1967 Sublease: NoCore Factor: Operating Exp/SF: - -Parking: 50 / 2.31/1000 SF Taxes/SF: - -% Occupied: 87.85% Price: $1,550,000 | $71.76 /SF

Listing ContactCommercial Properties GroupMichael Valentine(952) [email protected] NotesOffice space for Lease in Burnsville, MN. Rate $14-$16 gross lease.

Floor Unit SF Avail Max Contig Min Div Lease Rate Space Type Vacant Occupancy Term1 110 1,175 1,175 1,175 $14.00 Gross Yes Now

- -1 145 1,450 1,450 1,450 $14.00 Gross Office Yes Now

- - Gateway Office Plaza - 350 W Burnsville PkwyBurnsville, MN 55337-2585 | Dakota County | Southeast Market

Property Type: Ofc / General Available SF: 17,606Bldg Size: 79,750 Max Contig: 7,602 SFStories: 6 Min Divisible: 1,456 SFBuilding Class: B Lease Rate: NegotiableYear Built: 1998 Sublease: NoCore Factor: Operating Exp/SF: $7.25 /SFParking: 270 / 3.38/1000 SF Taxes/SF: $4.05 /SF% Occupied: 85.26% Price: - - | - - /SF

Listing ContactCBRE CBREJoe Conzemius Brent Karkula(952) 924-4639 (952) [email protected] [email protected] NotesOne of the only truly Class A office towers south of the river. Located just off of 35W on Burnsville Parkway. Amenities include heated parking, building conference room, tenant lounge, full back-up generator, and monument/bldg signage.

Floor Unit SF Avail Max Contig Min Div Lease Rate Space Type Vacant Occupancy Term1 135 2,701 2,701 2,701 Negotiable Office Yes Now

- -1 175 3,890 3,890 3,890 Negotiable Office No 9/2/2017

- -3 300 1,957 1,957 1,957 Negotiable Office No 11/1/2017

- -3 375 1,456 1,456 1,456 Negotiable Office Yes Now



- -4 445/435 7,602 7,602 2,405 Negotiable Office Yes Now

- -


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12170-12190 County Road 11Burnsville, MN 55337-3018 | Dakota County | Southeast Market

Property Type: Ind / Flex/R&D Available SF: 9,144Bldg Size: 16,440 Max Contig: 5,587 SFYear Built: 2002 Min Divisible: 943 SFDocks/Drive-Ins: 1/2 Lease Rate: $4.50 - $9.00 NNNClear Height: - - Sublease: NoLand Area: 1.58 Ac. Operating Exp/SF: $2.01 /SFZoning: B-3 Taxes/SF: $2.68 /SF% Occupied: 66.02% Price: - - | - - /SF

Listing ContactChristianson & Company Christianson & Company Christianson & CompanyLaura Gill Lisa Christianson Marilyn Fritze(612) 310-5399 (952) 393-1212 (612) [email protected] [email protected] [email protected] NotesOffice/Warehouse Space and Rates with Retail Exposure! This building on County Road 11 and near Hwy 13 offers easy access and superior visibility in Burnsville. All spaces share dock access and there are 2 drive in doors in the warehouse. Other features of this building include: ample parking, nice office finishes, shop or production space and both building and monument signage.

Unit SF Avail Max Contig Min Div Lease Rate Vacant Occupancy Office SF Docks Drive-Ins Clear Height12170A 2,831 5,587 943 $4.50 - $9.00 NNN Yes Now 943 1 1 10.00 - 14.00

- -12170A/12170B 5,587 5,587 943 $4.50 - $9.00 NNN Yes Now 943 2 2 10.00 - 14.00

- -12170B 2,756 5,587 2,756 $4.50 - $9.00 NNN Yes Now 1 1 10.00 - 14.00

- -12180 3,557 3,557 1,584 $4.50 - $9.00 NNN No Now 1,584

- - Gateway Business Park III - 400-438 Gateway BlvdBurnsville, MN 55337-2559 | Dakota County | Southeast Market

Property Type: Ind / Flex/R&D Available SF: 9,565Bldg Size: 68,764 Max Contig: 8,277 SFYear Built: 1988 Min Divisible: 1,288 SFDocks/Drive-Ins: - -/- - Lease Rate: Negotiable NetClear Height: 12.00 FT Sublease: NoLand Area: 7.58 Ac. Operating Exp/SF: $2.29 /SFZoning: (Split Commercial) Taxes/SF: $1.74 /SF% Occupied: 86.09% Price: - - | - - /SF

Listing ContactKraus-Anderson RealtyDavid Stalsberg(952) [email protected] NotesProminently visible business park located at the Southeast corner of I-35 West and Highway 13. There is 172,984 square foot, three-building office/showroom complex. Panoramic views of the Minnesota River Valley with abundant parking and on-site maintenance. Competitive lease packages available including free rent!

Unit SF Avail Max Contig Min Div Lease Rate Vacant Occupancy Office SF Docks Drive-Ins Clear Height416-418 8,277 8,277 8,277 Negotiable Net Yes Now

- -430A 1,288 1,288 1,288 Negotiable Net Yes Now

- -


7Skyline Professional Building - 12940 S Harriet AveBurnsville, MN 55337 | Dakota County | Southeast Market

Property Type: Ofc / General Available SF: 7,977Bldg Size: 26,082 Max Contig: 2,134 SFStories: 2 Min Divisible: 242 SFBuilding Class: B Lease Rate: $8.00 - $10.00 NNNYear Built: 1979 Sublease: NoCore Factor: Operating Exp/SF: $6.82 /SFParking: 104 / 4/1000 SF Taxes/SF: $1.68 /SF% Occupied: 69.42% Price: - - | - - /SF

Listing ContactChristianson & CompanyNancy Flicek(952) [email protected] NotesExecutive office space for lease near the heart of the City of Burnsville. Located with easy access to I-35W. Building signage available with visibility to I-35W. This is an exceptionally clean and well maintained property with extensive upgrades completed throughout the building. Traffic counts: Burnsville Pkwy is 16,400 vpd and I-35W is 94,000 vpd.

Floor Unit SF Avail Max Contig Min Div Lease Rate Space Type Vacant Occupancy Term1 100 365 1,309 365 $8.00 - $10.00 NNN Office Yes Now

- -1 101 944 1,309 944 $8.00 - $10.00 NNN Office Yes Now

Corner location with 2 walls of windows. New carpet and paint.1 101/100 1,309 1,309 365 $8.00 - $10.00 NNN Office Yes Now

- -1 104 1,369 1,369 1,369 $8.00 - $10.00 NNN Office Yes Now

New carpet, paint, and new kitchenette.1 105B 657 657 657 $8.00 - $10.00 NNN Office Yes Now

- -1 115 711 711 711 $8.00 - $10.00 NNN Office Yes Now

Large professional office suite with one private office and reception area.2 210 715 715 715 $8.00 - $10.00 NNN Office Yes Now

New carpet and paint.2 235 1,078 2,134 1,078 $8.00 - $10.00 NNN Office Yes Now

New carpet, paint, and new kitchenette.2 235/238 2,134 2,134 1,056 $8.00 - $10.00 NNN Office Yes Now

- -2 238 1,056 2,134 1,056 $8.00 - $10.00 NNN Office Yes Now

- -2 260B 329 329 329 $8.00 - $10.00 NNN Office Yes Now

- -2 260D 242 242 242 $8.00 - $10.00 NNN Office Yes Now

- -2 260E 248 248 248 $8.00 - $10.00 NNN Office Yes Now

- -2 260F 263 263 263 $8.00 - $10.00 NNN Office Yes Now

- -


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Professional Plaza II - 1501-1525 E Hwy 13Burnsville, MN 55337-2917 | Dakota County | Southeast Market

Property Type: Ind / Flex/R&D Available SF: 3,232Bldg Size: 35,619 Max Contig: 1,709 SFYear Built: 1984 Min Divisible: 1,523 SFDocks/Drive-Ins: 0/5 Lease Rate: $4.25 - $8.25 NNNClear Height: 11.00 - 12.00 FT Sublease: NoLand Area: 2.41 Ac. Operating Exp/SF: $1.79 /SFZoning: B3 Taxes/SF: $1.75 /SF% Occupied: 90.93% Price: - - | - - /SF

Listing ContactCBRE CBREBryan Van Hoof Jeff Przytarski(952) 924-4624 (952) [email protected] [email protected] NotesThis 35,779 square foot office/showroom building is located south of the Minnesota River and directly off of East Highway 13 in Burnsville. This property is easily accessible from I-35W, I-35E, Highway 77 and Highway 13. The building is easily visible from East Highway 13. Minutes to area retail, hotels and restaurants. Abundant glass line.

Unit SF Avail Max Contig Min Div Lease Rate Vacant Occupancy Office SF Docks Drive-Ins Clear Height1519 1,709 1,709 1,709 $4.25 - $8.25 NNN Yes Now

This suite is contiguous with suite 1527 that has 3,318 sf of warehouse space.1523 1,523 1,523 1,523 $4.25 - $8.25 NNN Yes Now

- - Burnsville Corporate Center I - 501 Hwy 13 EBurnsville, MN 55337-2884 | Dakota County | Southeast Market

Property Type: Ind / Flex/R&D Available SF: 4,061Bldg Size: 43,076 Max Contig: 4,061 SFYear Built: 1984 Min Divisible: 4,061 SFDocks/Drive-Ins: 0/5 Lease Rate: Negotiable NNNClear Height: 12.00 FT Sublease: NoLand Area: 3.75 Ac. Operating Exp/SF: $2.53 /SFZoning: (Split Commercial) Taxes/SF: $2.12 /SF% Occupied: 90.57% Price: - - | - - /SF

Listing ContactKraus-Anderson RealtyDavid Stalsberg(952) [email protected] NotesGreat office/showroom/warehouse space well located in Burnsville on Hwy 13 near I-35 West.

Unit SF Avail Max Contig Min Div Lease Rate Vacant Occupancy Office SF Docks Drive-Ins Clear Height106 4,061 4,061 4,061 Negotiable NNN Yes Now

- -


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Professional Plaza I - 1601 Hwy 13 EBurnsville, MN 55337-6865 | Dakota County | Southeast Market

Property Type: Ofc / General Available SF: 17,952Bldg Size: 38,090 Max Contig: 3,847 SFStories: 2 Min Divisible: 558 SFBuilding Class: B Lease Rate: $10.50 NetYear Built: 1973 Sublease: NoCore Factor: Operating Exp/SF: $5.65 /SFParking: 166 / 4.35/1000 SF Taxes/SF: $1.89 /SF% Occupied: 52.87% Price: - - | - - /SF

Listing ContactCBRE CBREJeff Przytarski Bryan Van Hoof(952) 924-4895 (952) [email protected] [email protected] NotesThis 38,090 square foot two-story office building is for lease. One of three buildings that make up Professional Plaza Park. Excellent visibility from East Highway 13 and easy access to I-35W, 35E and Highway 77. Underground parking available. Common area conference room. Abundant glass line.

Floor Unit SF Avail Max Contig Min Div Lease Rate Space Type Vacant Occupancy Term1 102 2,218 2,218 2,218 $10.50 Net Office Yes Now

- -1 108 2,138 2,138 2,138 $10.50 Net Office Yes Now

- -1 110 1,585 1,585 1,585 $10.50 Net Office Yes Now Negotiable

- -1 110A 558 558 558 $10.50 Net Office Yes Now

- -2 202 3,847 3,847 3,847 $10.50 Net Office Yes Now Negotiable


- -2 208 773 773 773 $10.50 Net Office Yes Now



- - Nicollet Business Campus D - 12201-12225 Nicollet AveBurnsville, MN 55337-1650 | Dakota County | Southeast Market

Property Type: Ind / Flex/R&D Available SF: 3,610Bldg Size: 32,951 Max Contig: 3,610 SFYear Built: 1982 Min Divisible: 1,805 SFDocks/Drive-Ins: 7/6 Lease Rate: $4.50 - $8.50 NetClear Height: 14.00 FT Sublease: NoLand Area: 5.85 Ac. Operating Exp/SF: $2.43 /SFZoning: C Taxes/SF: $1.54 /SF% Occupied: 89.04% Price: - - | - - /SF

Listing ContactGonyea CommercialJoe Solheid(952) [email protected] Notes - -

Unit SF Avail Max Contig Min Div Lease Rate Vacant Occupancy Office SF Docks Drive-Ins Clear Height12223-12225 3,610 3,610 1,805 $4.50 - $8.50 Net Yes Now 2 14.00

- -


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Nicollet Business Campus C - 12227-12253 Nicollet AveBurnsville, MN 55337-1650 | Dakota County | Southeast Market

Property Type: Ind / Flex/R&D Available SF: 3,391Bldg Size: 32,836 Max Contig: 3,391 SFYear Built: 1981 Min Divisible: 3,391 SFDocks/Drive-Ins: 0/13 Lease Rate: $4.50 - $8.50 NetClear Height: 14.00 FT Sublease: NoLand Area: 2.72 Ac. Operating Exp/SF: $2.43 /SFZoning: C Taxes/SF: $1.54 /SF% Occupied: 89.67% Price: - - | - - /SF


Unit SF Avail Max Contig Min Div Lease Rate Vacant Occupancy Office SF Docks Drive-Ins Clear Height12247 3,391 3,391 3,391 $4.50 - $8.50 Net Yes Now 978 1 14.00

- - Nicollet Corporate II - 12250-12268 Nicollet AveBurnsville, MN 55337-1650 | Dakota County | Southeast Market

Property Type: Ind / Flex/R&D Available SF: 3,299Bldg Size: 38,492 Max Contig: 3,299 SFYear Built: 1989 Min Divisible: 3,299 SFDocks/Drive-Ins: 4/1 Lease Rate: Negotiable NetClear Height: 14.00 FT Sublease: NoLand Area: 3.59 Ac. Operating Exp/SF: $2.01 /SFZoning: B-3 Taxes/SF: $1.85 /SF% Occupied: 91.43% Price: - - | - - /SF

Listing ContactWellington Management IncKori DeJong(651) [email protected] NotesThe Nicollet Corporate Center is a 83,000 square foot complex consisting of three office showroom buildings located immediately north of Highway 13, one mile east of 35W in Burnsville. This facility offers high quality office, production and warehouse space for lease. Nicollet Corporate Center overlooks a wildlife preserve and provides employee patio areas. The project currently houses tenants who appreciate the convenience, amenities and low occupancy costs provided by these attractive building. Wellington Management acquired Nicollet Corporate Center in 2007 and continues to provide all leas

Unit SF Avail Max Contig Min Div Lease Rate Vacant Occupancy Office SF Docks Drive-Ins Clear Height12252 3,299 3,299 3,299 Negotiable Net Yes Now 14.00 - 16.00

- -


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Burnsville Business Commons Bldg 1 - 12255-12265 Nicollet AveBurnsville, MN 55337-1650 | Dakota County | Southeast Market

Property Type: Ind / Flex/R&D Available SF: 9,812Bldg Size: 45,150 Max Contig: 9,812 SFYear Built: 1980 Min Divisible: 4,592 SFDocks/Drive-Ins: 9/0 Lease Rate: $4.50 - $8.50 NNNClear Height: 13.60 FT Sublease: NoLand Area: 3.50 Ac. Operating Exp/SF: $2.25 /SFZoning: L-1 Taxes/SF: $1.83 /SF% Occupied: 78.27% Price: - - | - - /SF

Listing ContactCBRE CBREJeff Przytarski Bryan Van Hoof(952) 924-4895 (952) [email protected] [email protected] NotesThis flex industrial building is located at 12255 Nicollet Ave in Burnsville, MN.

Unit SF Avail Max Contig Min Div Lease Rate Vacant Occupancy Office SF Docks Drive-Ins Clear Height12259 5,220 9,812 5,220 $4.50 - $8.50 NNN Yes Now 2,214 1 0 13.60

- -12261A 4,592 9,812 4,592 $4.50 - $8.50 NNN Yes Now 1,512 1 0 13.60

- -12261A/12259 9,812 9,812 4,592 $4.50 - $8.50 NNN Yes Now 3,726 2 13.60

- - Burnsville Business Commons Bldg 2 - 12271-12287 Nicollet AveBurnsville, MN 55337-1622 | Dakota County | Southeast Market

Property Type: Ind / Flex/R&D Available SF: 9,194Bldg Size: 31,827 Max Contig: 7,394 SFYear Built: 1981 Min Divisible: 1,800 SFDocks/Drive-Ins: 0/5 Lease Rate: $4.50 - $8.50 NNNClear Height: 13.60 FT Sublease: NoLand Area: 2.72 Ac. Operating Exp/SF: $2.25 /SFZoning: L-1 Taxes/SF: $1.83 /SF% Occupied: 76.77% Price: - - | - - /SF

Listing ContactCBRE CBREJeff Przytarski Bryan Van Hoof(952) 924-4895 (952) [email protected] [email protected] NotesThis flex industrial building is located at 12271 Nicollet Ave in Burnsville, MN.

Unit SF Avail Max Contig Min Div Lease Rate Vacant Occupancy Office SF Docks Drive-Ins Clear Height12281 7,394 7,394 7,391 $4.50 - $8.50 NNN Yes Now 7,394 0 0 13.60

Office space12285 1,800 1,800 1,800 $4.50 - $8.50 NNN No 10/1/2017 1,047 1 13.00

- -


16

17

Grande Market Place - 12750 Nicollet AveBurnsville, MN 55337-4091 | Dakota County | Southeast Market

Property Type: Ofc / General Available SF: 1,313Bldg Size: 31,640 Max Contig: 743 SFStories: 3 Min Divisible: 570 SFBuilding Class: C Lease Rate: $13.00 NetYear Built: 2004 Sublease: NoCore Factor: Operating Exp/SF: $4.38 /SFParking: 10 / 3.48/1000 SF Taxes/SF: $3.74 /SF% Occupied: 95.85% Price: - - | - - /SF

Listing ContactColliers International/Minneapolis-St PaulSteve Shepherd(952) [email protected] NotesEasy access to I-35W and I-35E. Located within the new "Heart of the City". Underground executive parking and free covered ramp parking. Full service restaurant on-site serving breakfast, lunch and dinner. Located near many retail amenities including CVS, Cub Foods and Wells Fargo Bank. *Operating exp. note: separately metered electric not included, tenant pays for in-suite janitorial if desired.

Floor Unit SF Avail Max Contig Min Div Lease Rate Space Type Vacant Occupancy Term3 301 743 743 743 $13.00 Net Office Yes Now


- - 14300 Nicollet CtBurnsville, MN 55306-4501 | Dakota County | Southeast Market

Property Type: Ofc / General Available SF: 972Bldg Size: 52,400 Max Contig: 972 SFStories: 3 Min Divisible: 972 SFBuilding Class: B Lease Rate: $11.50 NetYear Built: 1981 Sublease: NoCore Factor: Operating Exp/SF: $6.98 /SFParking: 186 / 3.54/1000 SF Taxes/SF: $2.90 /SF% Occupied: 98.15% Price: - - | - - /SF

Listing ContactColliers International/Minneapolis-St PaulSteve Shepherd(952) [email protected] NotesHighly visible from I-35W and County Road 42. Recently updated common areas with extensive hardwood trim. Monument and building signage available. Near Burnsville Center shopping, restaurants and retail services.

Floor Unit SF Avail Max Contig Min Div Lease Rate Space Type Vacant Occupancy Term3 315 972 972 972 $11.50 Net Office Yes Now

- -


18

19

Burnsville Heights Business Center - 11975 Portland AveBurnsville, MN 55337-1566 | Dakota County | Southeast Market

Property Type: Ind / Flex/R&D Available SF: 12,505Bldg Size: 63,111 Max Contig: 5,822 SFYear Built: 1985 Min Divisible: 1,465 SFDocks/Drive-Ins: TBD/TBD Lease Rate: $4.00 - $8.00 NetClear Height: 14.00 FT Sublease: NoLand Area: 4.87 Ac. Operating Exp/SF: $2.46 /SFZoning: I-1 Taxes/SF: $1.89 /SF% Occupied: 91.73% Price: $4,200,000 | $66.55 /SF

Listing ContactKW Commercial MidwestAndrew Manthei(651) [email protected] NotesNice image office/warehouse space available. Dock and drive-in loading with 14' clear height.

Unit SF Avail Max Contig Min Div Lease Rate Vacant Occupancy Office SF Docks Drive-Ins Clear Height100 2,488 2,488 2,488 $4.00 - $8.00 Net Yes Now 1,204 0 1 14.00

- -112 5,822 5,822 5,822 $4.00 - $8.00 Net No 11/1/2017 524 2 14.00

- -126 2,730 2,730 2,730 $4.00 - $8.00 Net Yes Now 2,730 9.00 - 14.00

- -138 1,465 1,465 1,465 $8.00 Net No 11/1/2017 1,465 9.00 - 14.00

- - Portland Corporate Center - 12400 Portland AveBurnsville, MN 55337-6868 | Dakota County | Southeast Market

Property Type: Ofc / General Available SF: 12,224Bldg Size: 40,009 Max Contig: 9,005 SFStories: 1 Min Divisible: 768 SFBuilding Class: B Lease Rate: $10.00 NetYear Built: 1987 Sublease: NoCore Factor: Operating Exp/SF: $6.68 /SFParking: 160 / 3.99/1000 SF Taxes/SF: $2.33 /SF% Occupied: 69.45% Price: $4,000,000 | $99.98 /SF

Listing ContactCushman & Wakefield Cushman & WakefieldTom Sullivan Peter Fooshe(952) 837-8657 (952) [email protected] [email protected] NotesBeautiful office setting with access to walking path and pond. High office ceilings. Near numerous area amenities including restaurants, retail services, banks and hotels. Easy access to major corridors (35W and Highway 13).

Floor Unit SF Avail Max Contig Min Div Lease Rate Space Type Vacant Occupancy Term1 110 1,675 1,675 1,675 $10.00 Net Office Yes Now




- -1 180/195 9,005 9,005 3,511 $10.00 Net Office Yes Now


- -


20

21

Gateway Business Park II - 401-425 Travelers TrlBurnsville, MN 55337-2554 | Dakota County | Southeast Market

Property Type: Ind / Flex/R&D Available SF: 4,383Bldg Size: 53,500 Max Contig: 4,383 SFYear Built: 1987 Min Divisible: 4,383 SFDocks/Drive-Ins: 5/5 Lease Rate: Negotiable NetClear Height: 12.00 FT Sublease: NoLand Area: 5.94 Ac. Operating Exp/SF: $2.29 /SFZoning: (Office) Taxes/SF: $1.74 /SF% Occupied: 91.81% Price: - - | - - /SF

Listing ContactKraus-Anderson RealtyDavid Stalsberg(952) [email protected] NotesThere is 4,383 square foot of industrial space available for lease at Gateway Business Park II in Burnsville, MN. Convenient location in close proximity to Highway 35 West.

Unit SF Avail Max Contig Min Div Lease Rate Vacant Occupancy Office SF Docks Drive-Ins Clear Height415 4,383 4,383 4,383 Negotiable Net Yes Now 0 0 12.00

- - Burnsville Corporate Center II - 500 E Travelers TrlBurnsville, MN 55337-7502 | Dakota County | Southeast Market

Property Type: Ind / Flex/R&D Available SF: 16,354Bldg Size: 45,689 Max Contig: 39,074 SFYear Built: 1985 Min Divisible: 3,029 SFDocks/Drive-Ins: 2/6 Lease Rate: Negotiable NNNClear Height: 13.00 FT Sublease: NoLand Area: 3.78 Ac. Operating Exp/SF: $2.53 /SFZoning: (Split Commercial) Taxes/SF: $2.12 /SF% Occupied: 64.21% Price: - - | - - /SF

Listing ContactKraus-Anderson RealtyDavid Stalsberg(952) [email protected] NotesBurnsville Corporate Center is easily accessible from Interstate 35 West, This 91,752 sf office/showroom, two building complex at Highway 13 and Portland Avenue South. Highway 13 and Cedar Avenue/MN-77. Ample parking, surrounded by restaurants, shopping and services. Lease incentives available.

Unit SF Avail Max Contig Min Div Lease Rate Vacant Occupancy Office SF Docks Drive-Ins Clear Height200 3,029 39,074 3,029 Negotiable NNN Yes Now 13.00

- -300 7,794 39,074 7,794 Negotiable NNN Yes Now 13.00

Located on Hwy. 13 & Portland.300/200 10,823 39,074 3,029 Negotiable NNN Yes Now

- -300/400 13,325 39,074 5,531 Negotiable NNN Yes Now

- -300/400/200 16,354 39,074 3,029 Negotiable NNN Yes Now

- -400 5,531 39,074 5,531 Negotiable NNN Yes Now 13.00

- -400/200 8,560 39,074 3,029 Negotiable NNN Yes Now

- -500-600 20,248 39,074 20,248 Negotiable NNN Yes 5/31/2017 13.00

- -


22Nicollet Business Campus E - 12201-12243 Wood Lake DrBurnsville, MN 55337-1526 | Dakota County | Southeast Market

Property Type: Ind / Flex/R&D Available SF: 18,818Bldg Size: 51,974 Max Contig: 6,719 SFYear Built: 1984 Min Divisible: 1,855 SFDocks/Drive-Ins: 6/11 Lease Rate: $4.50 - $8.50 NetClear Height: 14.00 FT Sublease: NoLand Area: 4.58 Ac. Operating Exp/SF: $2.20 /SFZoning: (Split Commercial) Taxes/SF: $1.73 /SF% Occupied: 68.86% Price: - - | - - /SF


Unit SF Avail Max Contig Min Div Lease Rate Vacant Occupancy Office SF Docks Drive-Ins Clear Height12215 1,855 1,855 1,855 $4.50 - $8.50 Net Yes Now 900 1 12.00

- -12217 2,029 2,029 2,029 $4.50 - $8.50 Net Yes Now 1,377 1 12.00

- -12223-12225 3,257 3,257 3,257 $4.50 - $8.50 Net Yes Now 2,357 1 12.00

- -12239-12243 6,719 6,719 2,469 $4.50 - $8.50 Net Yes Now BTS 3 12.00

- -12219 1/2 2,635 2,635 2,635 $5.00 Net No 10/1/2017 2,635 8.00

Inexpensive Second Floor Office Space with Great Views12221 1/2 2,323 2,323 2,323 $5.00 Net Yes Now 2,323 8.00

Inexpensive Second Floor Office Space with Great Views


Map Report22 Properties | 22 Listings | 69 SpacesAvg lease rate: $8.84

Address City Property Total Avail1500-1526 122nd St Burnsville 36,395 SF Industrial / Flex/R&D 24,787 SF; $4.25 - $8.25 NNN

101 W Burnsville Pkwy Burnsville 29,784 SF Office / General 15,000 SF; $15.00 - $22.00 NNN

201 W Burnsville Pkwy Burnsville 21,600 SF Office / General 2,625 SF; $14.00 Gross / $1,550,000

350 W Burnsville Pkwy Burnsville 79,750 SF Office / General 25,056 SF; Negotiable

12170-12190 County Road 11 Burnsville 16,440 SF Industrial / Flex/R&D 9,144 SF; $4.50 - $9.00 NNN

400-438 Gateway Blvd Burnsville 68,764 SF Industrial / Flex/R&D 9,565 SF; Negotiable Net

12940 S Harriet Ave Burnsville 26,082 SF Office / General 7,977 SF; $8.00 - $10.00 NNN

1501-1525 E Hwy 13 Burnsville 35,619 SF Industrial / Flex/R&D 16,503 SF; $4.25 - $8.25 NNN

501 Hwy 13 E Burnsville 43,076 SF Industrial / Flex/R&D 4,061 SF; Negotiable NNN

1601 Hwy 13 E Burnsville 38,090 SF Office / General 17,952 SF; $10.50 Net

12201-12225 Nicollet Ave Burnsville 32,951 SF Industrial / Flex/R&D 3,610 SF; $4.50 - $8.50 Net

12227-12253 Nicollet Ave Burnsville 32,836 SF Industrial / Flex/R&D 3,391 SF; $4.50 - $8.50 Net

12250-12268 Nicollet Ave Burnsville 38,492 SF Industrial / Flex/R&D 3,299 SF; Negotiable Net

12255-12265 Nicollet Ave Burnsville 45,150 SF Industrial / Flex/R&D 9,812 SF; $4.50 - $8.50 NNN

12271-12287 Nicollet Ave Burnsville 31,827 SF Industrial / Flex/R&D 9,194 SF; $4.50 - $8.50 NNN


Map Report22 Properties | 22 Listings | 69 SpacesAvg lease rate: $8.84

Address City Property Total Avail12750 Nicollet Ave Burnsville 31,640 SF Office / General 1,313 SF; $13.00 Net

14300 Nicollet Ct Burnsville 52,400 SF Office / General 972 SF; $11.50 Net

11975 Portland Ave Burnsville 63,111 SF Industrial / Flex/R&D 12,505 SF; $4.00 - $8.00 Net / $4,200,000

12400 Portland Ave Burnsville 40,009 SF Office / General 12,224 SF; $10.00 Net / $4,000,000

401-425 Travelers Trl Burnsville 53,500 SF Industrial / Flex/R&D 4,383 SF; Negotiable Net

500 E Travelers Trl Burnsville 45,689 SF Industrial / Flex/R&D 26,584 SF; Negotiable NNN

12201-12243 Wood Lake Dr Burnsville 51,974 SF Industrial / Flex/R&D 18,818 SF; $4.50 - $8.50 Net


Demographic and Income Comparison Profile12940 Harriet Ave S, Burnsville, Minnesota, 55337 Prepared by EsriDrive Time: 5, 10, 15 minute radii Latitude: 44.76899

Longitude: -93.285555 minutes 10 minutes 15 minutes

Census 2010 SummaryPopulation 14,006 127,089 382,982Households 6,081 50,518 153,437Families 3,507 33,475 99,942Average Household Size 2.28 2.50 2.48Owner Occupied Housing Units 3,557 35,296 111,864Renter Occupied Housing Units 2,524 15,222 41,573Median Age 35.9 37.1 37.7

2016 SummaryPopulation 14,463 130,444 399,410Households 6,322 52,106 160,140Families 3,601 34,260 103,559Average Household Size 2.27 2.49 2.48Owner Occupied Housing Units 3,547 35,752 115,031Renter Occupied Housing Units 2,774 16,354 45,109Median Age 36.9 38.1 38.8Median Household Income $58,050 $69,846 $75,550Average Household Income $72,589 $90,036 $97,921

2021 SummaryPopulation 14,756 133,548 413,795Households 6,484 53,512 166,078Families 3,668 35,032 106,964Average Household Size 2.26 2.48 2.47Owner Occupied Housing Units 3,622 36,661 119,105Renter Occupied Housing Units 2,863 16,851 46,973Median Age 37.3 39.0 39.6Median Household Income $64,978 $79,491 $84,105Average Household Income $79,197 $98,282 $106,857

Trends: 2016-2021 Annual RatePopulation 0.40% 0.47% 0.71%Households 0.51% 0.53% 0.73%Families 0.37% 0.45% 0.65%Owner Households 0.42% 0.50% 0.70%Median Household Income 2.28% 2.62% 2.17%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

April 05, 2017

©2016 Esri Page 1 of 7



2016 Households by Income Number Percent Number Percent Number Percent<$15,000 454 7.2% 3,443 6.6% 9,880 6.2%$15,000 - $24,999 603 9.5% 3,462 6.6% 9,733 6.1%$25,000 - $34,999 711 11.2% 4,230 8.1% 12,207 7.6%$35,000 - $49,999 818 12.9% 6,405 12.3% 18,864 11.8%$50,000 - $74,999 1,361 21.5% 10,035 19.3% 28,673 17.9%$75,000 - $99,999 1,008 15.9% 8,010 15.4% 23,812 14.9%$100,000 - $149,999 916 14.5% 9,385 18.0% 30,170 18.8%$150,000 - $199,999 294 4.7% 3,950 7.6% 14,112 8.8%$200,000+ 155 2.5% 3,185 6.1% 12,689 7.9%

Median Household Income $58,050 $69,846 $75,550Average Household Income $72,589 $90,036 $97,921Per Capita Income $31,640 $35,855 $39,353

2021 Households by Income Number Percent Number Percent Number Percent<$15,000 500 7.7% 3,782 7.1% 10,735 6.5%$15,000 - $24,999 605 9.3% 3,403 6.4% 9,652 5.8%$25,000 - $34,999 659 10.2% 3,788 7.1% 10,946 6.6%$35,000 - $49,999 845 13.0% 6,557 12.3% 19,378 11.7%$50,000 - $74,999 936 14.4% 7,057 13.2% 20,643 12.4%$75,000 - $99,999 1,271 19.6% 9,251 17.3% 26,666 16.1%$100,000 - $149,999 1,120 17.3% 11,177 20.9% 35,921 21.6%$150,000 - $199,999 368 5.7% 4,841 9.0% 17,688 10.7%$200,000+ 182 2.8% 3,654 6.8% 14,451 8.7%

Median Household Income $64,978 $79,491 $84,105Average Household Income $79,197 $98,282 $106,857Per Capita Income $34,664 $39,242 $42,973

Data Note: Income is expressed in current dollars.


April 05, 2017




2010 Population by Age Number Percent Number Percent Number PercentAge 0 - 4 1,032 7.4% 8,637 6.8% 25,844 6.7%Age 5 - 9 820 5.9% 8,398 6.6% 25,858 6.8%Age 10 - 14 763 5.4% 8,381 6.6% 25,449 6.6%Age 15 - 19 785 5.6% 8,376 6.6% 23,904 6.2%Age 20 - 24 1,017 7.3% 7,816 6.2% 21,004 5.5%Age 25 - 34 2,420 17.3% 18,451 14.5% 55,318 14.4%Age 35 - 44 1,824 13.0% 16,807 13.2% 53,156 13.9%Age 45 - 54 1,884 13.5% 20,222 15.9% 61,054 15.9%Age 55 - 64 1,429 10.2% 14,712 11.6% 45,153 11.8%Age 65 - 74 1,015 7.2% 8,445 6.6% 24,361 6.4%Age 75 - 84 682 4.9% 4,842 3.8% 14,716 3.8%Age 85+ 333 2.4% 2,001 1.6% 7,165 1.9%

2016 Population by Age Number Percent Number Percent Number PercentAge 0 - 4 989 6.8% 8,198 6.3% 24,767 6.2%Age 5 - 9 890 6.2% 8,401 6.4% 26,135 6.5%Age 10 - 14 816 5.6% 8,552 6.6% 26,861 6.7%Age 15 - 19 753 5.2% 7,591 5.8% 23,325 5.8%Age 20 - 24 910 6.3% 7,805 6.0% 22,646 5.7%Age 25 - 34 2,507 17.3% 19,296 14.8% 55,190 13.8%Age 35 - 44 1,879 13.0% 16,815 12.9% 53,771 13.5%Age 45 - 54 1,735 12.0% 17,823 13.7% 56,248 14.1%Age 55 - 64 1,648 11.4% 17,163 13.2% 52,634 13.2%Age 65 - 74 1,218 8.4% 10,846 8.3% 32,987 8.3%Age 75 - 84 735 5.1% 5,557 4.3% 16,485 4.1%Age 85+ 383 2.6% 2,399 1.8% 8,360 2.1%

2021 Population by Age Number Percent Number Percent Number PercentAge 0 - 4 1,002 6.8% 8,256 6.2% 25,172 6.1%Age 5 - 9 915 6.2% 8,116 6.1% 25,555 6.2%Age 10 - 14 901 6.1% 8,630 6.5% 27,228 6.6%Age 15 - 19 792 5.4% 7,843 5.9% 24,286 5.9%Age 20 - 24 819 5.6% 7,007 5.2% 21,216 5.1%Age 25 - 34 2,417 16.4% 18,970 14.2% 55,384 13.4%Age 35 - 44 2,094 14.2% 18,771 14.1% 58,690 14.2%Age 45 - 54 1,672 11.3% 16,189 12.1% 52,298 12.6%Age 55 - 64 1,665 11.3% 17,475 13.1% 54,096 13.1%Age 65 - 74 1,300 8.8% 12,948 9.7% 40,370 9.8%Age 75 - 84 787 5.3% 6,732 5.0% 20,440 4.9%Age 85+ 391 2.6% 2,611 2.0% 9,058 2.2%


April 05, 2017




2010 Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 10,618 75.8% 100,727 79.3% 307,395 80.3%Black Alone 1,482 10.6% 10,566 8.3% 26,252 6.9%American Indian Alone 59 0.4% 514 0.4% 1,727 0.5%Asian Alone 714 5.1% 7,119 5.6% 23,497 6.1%Pacific Islander Alone 11 0.1% 147 0.1% 266 0.1%Some Other Race Alone 608 4.3% 3,804 3.0% 12,151 3.2%Two or More Races 514 3.7% 4,214 3.3% 11,693 3.1%Hispanic Origin (Any Race) 1,508 10.8% 8,473 6.7% 25,450 6.6%




April 05, 2017



Longitude: -93.28555

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Trends 2016-2021Trends 2016-2021

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2016 Household Income 2016 Household Income

< $15K7.2%

$15K - $24K9.5%

$25K - $34K11.2%$35K - $49K

12.9%

$50K - $74K21.5%

$75K - $99K15.9%

$100K - $149K14.5%

$150K - $199K4.7%

$200K+2.5%

2016 Population by Race2016 Population by Race

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April 05, 2017




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< $15K6.6%

$15K - $24K6.6%

$25K - $34K8.1%

$35K - $49K12.3%

$50K - $74K19.3%

$75K - $99K15.4%

$100K - $149K18.0%

$150K - $199K7.6%

$200K+6.1%


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< $15K6.2%

$15K - $24K6.1%

$25K - $34K7.6%

$35K - $49K11.8%

$50K - $74K17.9%

$75K - $99K14.9%

$100K - $149K18.8%

$150K - $199K8.8%

$200K+7.9%


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April 05, 2017


Traffic Count Map - Close Up12940 Harriet Ave S, Burnsville, Minnesota, 55337 Prepared by EsriDrive Time: 5, 10, 15 minute radii Latitude: 44.76899


Source: ©2016 Kalibrate Technologies

April 05, 2017


PROSPER HERE

U.S. Bancorp

Carlson C.H. Robinson

Xcel Energy

Target Thrivent UnitedHealth Group 3M Nash Finch

Mosaic Ecolab MedtronicPentair St. Jude Medical SuperValu Wells Fargo

Ameriprise CHS Land O’ Lakes

Cargill headquarters & business services

Xcel Energy

# 193

1.8M 47 45K

GREATER MSP IS RENOWNED for its educated

workforce, diverse business community, accessibility to waterways

and connectivity to international travel and transport. The Greater

Minneapolis-Saint Paul region has been named fourth Best U.S. City

for Business by MarketWatch and among the top five for economic

vitality. In fact, Greater MSP has the highest concentration of Fortune

500 headquarters that call Greater MSP home.

Once a company or an employee locates in the Greater MSP region,

they stay. Ours is a business climate of innovation and diligence,

handled with intelligence and care.

Creativity abounds in Greater MSP: Cake mixes, Post-It notes,

Rollerblades, Wheaties cereal, Honey Crisp apples and Aveda beauty

products – everyday items we now take for granted – were all invented

here. Pacemakers, supercomputers, AIDS therapy, in-ear hearing aids,

charter schools and HMOs were all born here, as well. The University of

Minnesota is one of the top research universities in the world, setting

the pace for innovation in healthcare.

3

THE WORKFORCE OF THE GREATER MSP REGION

IS ONE OF THE MOST QUALIFIED IN THE NATION:

93% have a high school degree

47% have a post-secondary or advanced degree

45,000 degrees granted annually from 33+ colleges

1.8 million highly qualified workers

#1 workforce participation

= MOST WORKERS ENGAGED IN DRIVING SUCCESS

Find your place. From downtown office space in bustling Minneapolis or Saint Paul to sweeping landscapes suited to manufacturing facilities and suburban office parks ideal for corporate data centers, our 13 vibrant counties hold a place for you.

CENTER FOR TECHNOLOGY Low weather risk and low electrical costs, along with one of the most aggressive incentive programs,make the region ideal for data centers.

HIGHLY LOYAL WORKFORCE #2 for retention rate following graduation

Highest labor participation rate among the 30 largest metros

HIGHLY EDUCATED WORKFORCE2nd highest math scores in National Assessment of Educational Progress

#1 in the nation in ACT scores

our BUSINESS climate

Could it be the land of 10,000 lakes is also the ideal place to land your headquarters?

the numbers speak for themselves:

HIGH TECH/HIGH NUMBERS 87,000 Minnesotans are employed in the computer and information systems industries.

Minneapolis was ranked Best City for Working Mothers by Forbes magazine.

2 3

80%#113th largest 20.1% by

the numbers:

#1 FOR MOST OFFICE AND INDUSTRIAL CONSTRUCTION as a percentage of existing market

2nd highest

29 FORTUNE 1000 COMPANIES are headquartered in

Minnesota. Among the companies that call Minnesota home: UnitedHealth

Group, Target, Xcel Energy, US Bank, Securian, General Mills and 3M.

We boast a proven and stable track record for sustained success that few

communities can match. Our workforce is well educated. Global transportation

is easy. Executives will find close networking opportunities with peers and

many opportunities for trailing spouses.

13TH LARGEST METRO ECONOMY in the US with a GMP of $200 billion

DID YOU KNOW?More than 80% of Minnesota state college and university graduates stay in Minnesota to live and work.

2ND HIGHEST RATE of small business loan approval in the nation

From tax breaks to worker training grants

and infrastructure improvements, Minnesota

offers a wide variety of incentives and financial

assistance available for companies starting-up,

expanding or relocating.

20.1% JOB GROWTH from 2001-2011; projected to grow another 9% to 5.9 million by 2020

a bright and diverse

The Greater MSP region has many of Forbes largest private companies including

Cargill, Carlson, Schwan Foods, Holiday Companies and Mortenson Construction.

Far more than a one-industry town; we have breadth and depth in key industries

including food and agriculture, financial services, life sciences and more. All this

in one central location.

Generations past, present and future prosper here

#1 in concentration of corporate HQs

BUSINESS COMMUNITY

OVER 106,000 PEOPLE from all over the world have moved to Greater MSP and now call the region home

4 5

MEDTRONIC SUPERVALUAVEDA C.H. ROBINSON WORLDWIDE

GENERAL MILLS

MOSAIC NASH FINCHLAND O’ LAKES

THOMSON REUTERS

BOSTON SCIENTIFIC

ST. JUDE MEDICAL UNISYS TARGET

UNITEDHEALTH GROUPCARGILL XCEL ENERGY

BEST BUYCHS AMERIPRISE

3M THRIVENT FINANCIAL FOR LUTHERANS

ECOLAB US BANK

“Greater MSP has the supply chain, consultants, logistics and creative talent to help get products to the market efficiently and effectively.”

Lynn Casey, CEO Padilla Speer Beardsley

YOU’RE IN GOOD HANDS Whatever services your business needs to prosper, there’s a good chance

GREATER MSP has them. Ours is a headquarters town and as a result

we have some of the best and brightest thought leaders in the industries

that make businesses thrive. You will find seasoned top-notch partners

that will help your business succeed. We have a strong concentration

of consultants with a diverse range of experience. A sampling of these

areas include:

Marketing and Creative ServicesPublic RelationsDesignPackaging andRetail DisplayLegal ServicesAccounting and Financial ServicesData Centers

6 7

“Greater MSP area has a tremendous number of subject matter experts graduating with technology and law degrees that keep our business globally competitive.”

Rick King, COO Thomson Reuters

“We needed a large talent pool for advanced manufacturing, finance, accounting, engineers and clinical staff. We also needed cost effective office space. Greater MSP region was the only area able to meet these needs that were critical to our success. As a result we moved our office from Philadelphia to Arden Hills.”

Bill Jacqmein, VP and CTO of Galil Medical

“Minneapolis was ultimately selected as the preferred Secunia US HQ over other major US cities because of the significant availability of industry resources and software expertise in the Greater MSP area. These assets are valuable for Secunia, enabling the company to tap into industry activities, be closer to analysts and have additional platforms to share research on.”

Neil Butchart, Vice President of North America for Secunia.

“Greater MSP has the most densely concentrated medical technology community in the world per capita and the most rapidly growing pharmaceutical industries in the U.S. It’s a perfect environment for Medical tech companies and Healthcare delivery communities to get together and really focus on innovation.”

Dale Wahlstrom, CEO and President of LifeScience Alley and The BioBusiness Alliance of Minnesota

Software Engineers and IT professionals Web Design and App DevelopmentSupply ChainDistribution ChannelExport ServicesCall CentersResearch and Development

“We all have a spirit of doing well. Doing our best.”

Richard Davis, CEO of US Bank

“Greater MSP has been a hub for creative talent and for the agencies that thrive on that talent for decades on a global basis.”

Kathy Tunheim, CEO and Principal of Tunheim

“This region boasts a track record for sustained success few communities, even globally, can match.”

Ken Powell, CEO of General Mills

you’re in good company

Why business leaders choose Greater MSP

Hear more from our business leaders by tuning in at 10:30 a.m. every Sunday on KSTP Channel 5

ON TRACK WITH TRUCK AND RAIL Our region is one of the largest trucking centers in the United States and is a hub for more than 150 motor freight companies that deliver overnight to keep your business moving. Our rails account for 33% of freight tonnage; in fact, Minnesota hosts 23 railroad companies and three private industries that haul rail freight.

WE’RE GLOBALLY CONNECTED Over 1700 miles of fiber networking link Greater MSP businesses to consumers. Nearly 75% of Minnesota households have broadband service, compared to 67% nationally. 97% have internet access. Availability of higher-speed broadband service is greater in Greater MSP than many other states.

MASS TRANSIT Public transportation includes light rail and busing, accounting for one of the shortest commutes in the nation, averaging less than 24 minutes.

8 9

GREATER MSP IS A REGION FOR ALL SEASONS and all types of business. Here

you’ll find young start ups and companies founded 100+ years ago. You’ll find

public and private. You’ll find tradition and innovation. You’ll find conservatives and

hipsters – all buoyed by a solid infrastructure and a central U.S. location.

GREATER MSP has the air, rail, public and water transportation companies need.

CENTRAL AIR The Minneapolis-Saint Paul International Airport (MSP) is considered the Best Airport in North America among those serving 25 to 40 million passengers a year by Travel and Leisure magazine. Because of our central location, you can reach any domestic destination within three hours. We are best-in-class for operating in bad weather; third for on-time arrivals and departures.

infrastructure AND TRANSPORT

WHEN IT COMES TO QUALITY OF LIFE

words like heritage, generations, pride, intelligence and creativity

spring to mind. The Greater MSP community is vibrant, diverse, engaged

in an abundance of activities and on the move.

We are among the most physically active Americans during our leisure

time. Bicycling magazine named us America’s best bike city for our

184 miles of bicycle paths and 76 miles of on-street dedicated bicycle lanes within the Twin Cities.

We are the third healthiest metro area. Four Greater MSP hospitals were named among the best in

the nation. Minnesota ranks among the top six for happiest, healthiest states in America.

Greater MSP placed in the top 20 on the creativity index among

cities nationwide. Our theater scene boasts more seats per capita

than any other city outside New York.

Greater MSP is home to five professional sports teams. Our

baseball and football stadiums are both located in vibrant

downtown Minneapolis, with Target Field ranked #1 for Best

Stadium Experience by ESPN and a new Vikings stadium

in the works.

Over 40 million visitors a year

from all over world flock to the

Greater MSP region to visit Mall

of America® and enjoy over 520

stores, restraurants, an indoor

theme park and aquarium.

For more information on the

regions quality of life visit

www.greatermsp.org.

167 MUSEUMS AND GALLERIES

communityA WARM

MINNEAPOLIS AND SAINT PAUL RANK FIRST AND SECOND, RESPECTIVELY, FOR LAND DEDICATED TO PARKS.

336 MUSIC ORGANIZATIONS

LARGEST SCULPTURE GARDEN, featuring the iconic Spoonbridge and Cherry sculpture

60% OF MINNESOTANS POLLED SAY

THEY ARE INVOLVED IN THE ARTS

BY “ENGAGING IN SOME CREATIVE

ACTIVITY IN THEIR EVERYDAY LIVES”

2 NATIONALLY RECOGNIZED ORCHESTRAS

#1 STATE FAIR IN THE COUNTRY, WITH PERMANENT

BUILDINGS TO EDUCATE YOUNG PEOPLE ON

EVERYTHING FROM ELECTRICITY TO LIVESTOCK

1ST ENCLOSED SHOPPING

MALL

167 MUSEUMS AND GALLERIES

10 11

prosperhereGREATER MSP IS A PRIVATE-PUBLIC PARTNERSHIP that provides leadership, coordination and

engagement to drive the region’s long-term vision for job growth and capital

investment. We are here to introduce new employers and investors to the

area and ready to help you learn more about what we have to offer.

let’s work TOGETHER

Website: www.greatermsp.orgEmail: [email protected] Prospector/GIS site: www.greatermspprospector.com

1-855-287-1300400 North Robert St., Suite 1520, Saint Paul, MN 55101

Your GREATER MSP Team is ready to talk with you to discuss more about what we have to offer. We welcome your calls and emails.

David Griggs, VP, Business Development +1-651-287-1358 [email protected]

Joel Akason, Director Business Development +1-651-287-5807 [email protected]

Gene Goddard, Director Business Development +1-651-287-1366 [email protected]

“GREATER MSP partners helped us look at the opportunities for investment in the Twin Cities and they helped us navigate and make sure we had access to all the opportunities for our business.”Scott Wine, CEO of Polaris Industries

youtube.com/greatermspwww.twitter.com/greatermsp; The handle is @GreaterMSP

www.facebook.com/greatermsp

Client Investment Services

The IAG Difference

Relationship:We strive to build long-term relationships with our clients. We support our clients by helping them make the best choice for their individual needs and goals.

Experience:Amongst our team we have more than 50 years experience in commercial real estate. We have advanced degrees as well as professional certificates in our field. We have helped clients locally, nationally and globally achieve their goals.

Consultative approach:We approach our business with our clients as if we were part of their company/organization. Finding the solutions that best meets their current needs, but also set them on the right track to achieve their long-term goals.

Technology:We employ some of the most current technology in the industry to help us with the process. This includes software tools for: demographic analysis, market research, financial analysis, data and disclosure management, and online project management (so activity is catalogued and tracked in real-time).

Our goal is to create better communities, by helping our clients achieve their investment goals.

We help companies plan, define and deliver on a real estate investment strategy that compliments their investment plan. These

strategies are delivered through finding, financial modeling, and acquisitions/dispositions of commercial real estate. We then work with our clients to determine a success strategy and management

team, or to market the property for disposition.

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