Grand Pre East | 215 E County Road B2 E
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Grand Pre East 215 E County Road B2 E
251 Unit Block of Flats For Sale Little Canada, MN 55117
Investment Highlights
- Value-Add Opportunity
- Powerhouse Corporate Presence
- Debt Execution Advantages
- Rare In-Fill East Metro Location
- Attractive Site Attributes
Executive Summary
CBRE Minneapolis Multifamily is pleased to present Grand Pre East, a 251 unit apartment community in Little Canada, MN. Grand Pre East offers investors the opportunity to acquire a suburban asset connected to major transit corridors and nearby global employers. The interior unit finishes are ripe with value-add upside and opportunity exists to refresh the community amenities to create additional yield.
Little Canada is a unique suburban village totaling 4.48 square miles and tucked alongside other well-regarded suburbs with excellent proximity to the urban core. Nearby is a powerhouse corporate presence including Abbott Laboratories, Land O’Lakes, Medtronic, Boston Scientific, and Ecolab.
Grand Pre East is offered on a free and clear basis or by assuming the existing 3.46% loan with approximately $17.4 million balance that matures October '29.
Little Canada is a unique suburban village totaling 4.48 square miles and tucked alongside other well-regarded suburbs with excellent proximity to the urban core. Nearby is a powerhouse corporate presence including Abbott Laboratories, Land O’Lakes, Medtronic, Boston Scientific, and Ecolab.
Grand Pre East is offered on a free and clear basis or by assuming the existing 3.46% loan with approximately $17.4 million balance that matures October '29.
Property Facts
| Sale Type | Investment | Lot Size | 8.04 AC |
| No. Units | 251 | Building Size | 205,591 SF |
| Property Type | Residential | Average Occupancy | 96% |
| Property Subtype | Apartment | Number of Floors | 3 |
| Apartment Style | Low Rise | Year Built/Renovated | 1972/2008 |
| Building Class | B | Parking Ratio | 2.22/1,000 SF |
| Sale Type | Investment |
| No. Units | 251 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 8.04 AC |
| Building Size | 205,591 SF |
| Average Occupancy | 96% |
| Number of Floors | 3 |
| Year Built/Renovated | 1972/2008 |
| Parking Ratio | 2.22/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Security System
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Satellite TV
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
Site Amenities
- Controlled Access
- Courtyard
- Fitness Centre
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Sauna
- Games room
- Grill
- Guest Apartment
- Package Service
- Storage Space
- Lift
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 42 | - | 338 - 715 |
| 1+1 | 149 | - | 531 - 1,275 |
| 2+1 | 54 | - | 1,034 - 1,103 |
| 2+2 | 3 | - | 1,312 |
| 3+2 | 3 | - | 1,347 - 1,547 |
PROPERTY TAXES
| Parcel Number | 07-29-22-14-0128 | Improvements Assessment | £20,389,612 |
| Land Assessment | £3,938,490 | Total Assessment | £24,328,102 |
PROPERTY TAXES
Parcel Number
07-29-22-14-0128
Land Assessment
£3,938,490
Improvements Assessment
£20,389,612
Total Assessment
£24,328,102
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Power Broker Abe Appert -
Power Broker Keith Collins -
Power Broker Ted Abramson -
CBRE, Inc.
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Grand Pre East | 215 E County Road B2 E
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