401 E Lake Street, Wayzata _Property for Sale
401 E Lake Street, Wayzata _Property for Sale
401 Lake Street East, Wayzata, MN, 55391, US

401 E Lake Street, Wayzata

Asset description

Jones Lang LaSalle (“JLL”), as exclusive advisor to the Owner, is pleased to present to investors the opportunity to acquire 401 E Lake Street, a 19,014 square foot new office development in downtown Wayzata, MN on Lake Minnetonka.

The Building is located in downtown Wayzata, minutes away from Hwy 12 / I-394 / I-494 providing excellent access to downtown Minneapolis, is currently 45.2% occupied and offers a prime owner-user opportunity with the remaining balance located on the top floor of the building as the most attractive vacancy in the submarket. The building contains secured cash flows from the 1st floor retail and office tenants for 5.8+ years and from 11+ years of additional TIF Revenue.


 



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Attributes

Building area net
19,014 sf
Year built
2022
WAULT
5.8 years
Building class
A
Parking spaces
39

Media

Investment highlights

  • 2022 Newly Constructed Class A Trophy Asset with Natural Lighting and Pristine Views of Lake Minnetonka
  • Covered On-Site Underground Parking: 35 Assigned Parking Spaces / 4 Public Spaces
  • Secured in-place revenue bolstered by 11+ Years of TIF Revenue (72k annually)
  • Located in Downtown Wayzata offering owners a flagship location in the Retail and Tourism corridor of Lake Minnetonka
401 E Lake Street, Wayzata  4_Property for Sale
401 E Lake Street, Wayzata  4_Property for Sale

Contact brokers

401 E Lake Street, Wayzata (0 Properties)

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Last updated
Jun 5, 2024