Transwestern is pleased to offer for sale Brooklyn Crossing Office Park located at 3200 – 3300 County Road 10 in Brooklyn Center, Minnesota. Situated at the signalized intersection of Brooklyn Boulevard and Bass Lake Road, the office park consists of one five-story office tower and four single-story office buildings. The five buildings combined offer a total of approximately 89,935 rentable square feet and are 93.5% occupied by a mix of month-to-month and term tenants. The property is anchored by Hennepin County, The United States Social Security Administration, and Central Minnesota Credit Union. The remainder of the rent roll is comprised of local office, retail, and executive suite tenants.The surrounding area is the target of large amount of redevelopment capital through Qualified Opportunity Zone incentives and tax increment financing. While the property is not in a QOZ, it will benefit from the surrounding influx of housing and commercial development. The City of Brooklyn Center has entered into a Preliminary Development Agreement with a local developer for 35 acres for a mixture of multi-family and commercial development. Separately, a 127-unit workforce housing development recently opened on the adjacent property.
- Property Type : Portfolio
- Property Size : 79,200