Property Listing No Longer Available for Sale

15322 Galaxie Ave, Apple Valley, MN

Retail for Sale - $5,385,000 - 44,780 Sq. Ft. on 1.1 acres


Property Info

CIMLS#818448
Location
  15322 Galaxie Ave
  Apple Valley MN 55124
UpdatedMarch 23rd, 2016
TypeRetail
Price$5,385,000
Building44,780 Sq. Ft.
Land1.1 acres

Property Description

SVN | Northco Retail Group is pleased to announce the offering of the Shops on Galaxie located in Apple Valley, Minnesota. This recently built retail center is being offered with quality opportunities for a new owner to add value immediately upon purchase, The Shops on Galaxie features 44,780 square feet of retail and office space located off of Galaxie Avenue. Newly built less than 10 years ago in 2005, and with a prime location and exposure in Apple Valley, The Shops on Galaxie boasts and excellent opportunity for a new owner. Currently 87% occupied, The Shops on Galaxie offer an new investor to add value immediately upon purchase by continuing to lease and fill out the remaining vacancy in the center while further strengthening the current tenant mix. The Shops on Galaxie also features a 75 stall underground parking garage available for the tenants of the building. The underground parking presents a good opportunity to turn additional income in the future.

Location Description:

The Shoppes on Galaxie are located in Apple Valley, Minnesota. Sitting just South of County Road 42 on Galaxie Avenue, The Shoppes on Galaxie are in the heart of Apple Valley's retail district. Featuring a population of just over 50,000 and an area just below 18 square miles, Apple Valley sits less than 20 miles from downtown Minneapolis. A blooming region for development, the Southern Minneapolis suburbs have seen large increases in residential and retail activity over the last decade.

Highlights:

>> 44,780 SF Total Leasable space

>> 1st Floor Street Retail / 2nd Floor Office Space

>> Underground Parking Lot Available

>> Newly Built in 2005

>> 87% Occupied

>> Prime Location in Apple Valley

>> Highly Visible

* Email for additional photos

** This property also has spaces available for lease.


Financials

Sales Info:

>> Commision split: 3.0%


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