b i portfolio - loopnet · 2010 population 9,294 70,330 195,237 2018 population 9,693 74,802...

3 BUILDINGS 38,272 SF TOTAL

For more information, please contact:

FOR SALE

Visit us at: mncreadvisors.com©2019 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.

Cushman & Wakefield3500 American Blvd. W. Suite 200 Minneapolis, MN 55431cushmanwakefield.com

Tom SullivanExecutive Director+1 952 837 8657 [email protected]

Peter FoosheSenior Associate+1 952 820 8722 [email protected]

J.P. PerpichAssociate+1 952 837 8532 [email protected]

Bloomington Industrial PortfolioBloomington, MN

FOR SALE OR LEASEFOR SALE


BUILDING FEATURES

Address1401 97th Street WestBloomington, MN

9703 Humboldt Avenue SouthBloomington, MN

9721-9735 Humboldt Avenue SouthBloomington, MN

Building Size 3,940 square feet 4,000 square feet 30,332 square feet

Parcel Size 0.37 acres 0.37 acres 1.85 acres

Year Built 1959 1966 1960/1966

PID 16.027.24.13.0013 16.027.24.13.001416.027.24.13.0010 - 972116.027.24.13.0009 - 9735

Clear Height 13’ 13’ 13’ - 14’

Loading 5 Drive-ins 4 Drive-ins 18 Drive-ins

Zoning I-3 General Industrial I-3 General Industrial I-3 General Industrial

2019 Taxes $12,265.84 $10,806.72 $46,405.64

Individual Sale Price Negotiable Negotiable Negotiable

• Unique opportunity to own efficient industrial buildings in Bloomington

• Flexible I-3 Zoning allows for an abundance of viable uses

• Superb access to I-35W, I-494, Minneapolis/St. Paul International Airport and retail amenities

• Great visibility to 98th Street with 16,400 to 29,500 vehicles per day

Offering Summary

SOLD AS A PORTFOLIO: $3,750,00016,400 - 29,500 vpd



BUILDING FEATURES

Address1401 97th Street WestBloomington, MN

Building Size 3,940 square feet

Parcel Size 0.37 acres

Year Built 1959

PID 16.027.24.13.0013

Clear Height 13’

Loading 5 Drive-ins

Zoning I-3 General Industrial

2019 Taxes $12,265.84

Sale Price Negotiable

1401 97TH STREET WEST



BUILDING FEATURES

Address9703 Humboldt Avenue SouthBloomington, MN



Year Built 1966

PID 16.027.24.13.0014

Clear Height 13’

Loading 4 Drive-ins


2019 Taxes $10,806.72


9703 HUMBOLDT AVENUE SOUTH



BUILDING FEATURES

Address9721 & 9735 Humboldt Avenue SouthBloomington, MN



Year Built 1960/1966

PID16.027.24.13.0010 - 972116.027.24.13.0009 - 9735

Clear Height 13’ - 14’

Loading 18 Drive-ins


2019 Taxes $46,405.64


9721 & 9735 HUMBOLDT AVENUE SOUTH

16,400 - 29,500 vpd



Executive SummaryBloomington Industrial Portfolio-93.298312552 44.8272922990001Rings: 1, 3, 5 mile radii

1 mile 3 miles 5 milesPopulation

2010 Population 9,294 70,330 195,237

2018 Population 9,693 74,802 208,9832023 Population 9,965 77,595 217,259

2010-2018 Annual Rate 0.51% 0.75% 0.83%

2018-2023 Annual Rate 0.56% 0.74% 0.78%

2018 Male Population 48.0% 48.8% 48.3%2018 Female Population 52.0% 51.2% 51.7%2018 Median Age 41.5 42.7 40.9

Currently, the U.S. median age is 38.3 years old.

Population by Employment2018 Civilian Population Base 4,976 40,615 115,738

2018 % Civilian Labor Force Employed 94.3% 95.9% 96.3%

2018 % Civilian Labor Force Unemployed 5.7% 4.1% 3.7%

Occupation Distribution2018 % White Collar Jobs 67.1% 64.6% 66.5%

2018 % Services Jobs 15.2% 17.7% 17.5%

2018 % Blue Collar Jobs 17.8% 17.7% 16.0%

Population by Education2018 Education Base - Population 25 + 7,155 55,039 150,906

Less than 9th Grade 3.7% 3.6% 3.3%

9th - 12th Grade, No Diploma 5.2% 4.5% 3.7%

High School Graduate 21.7% 19.9% 16.7%

GED/Alternative Credential 3.0% 2.3% 2.1%

Some College, No Degree 21.8% 20.7% 20.5%

Associate Degree 9.4% 10.5% 10.5%

Bachelor's Degree 25.6% 26.5% 28.8%

Graduate/Professional Degree 9.7% 12.1% 14.3%

Per Capita Income2018 Per Capita Income $31,298 $35,739 $39,6042023 Per Capita Income $36,047 $41,030 $45,374

2018-2023 Annual Rate 2.87% 2.80% 2.76%

Currently, the U.S. per capita income is $31,950. The per capita income is projected to be $36,530 in five years, for all U.S. households.

Households2010 Households 4,414 30,644 84,330

2018 Total Households 4,545 32,207 89,6842023 Total Households 4,649 33,259 93,015

2010-2018 Annual Rate 0.36% 0.60% 0.75%

2018-2023 Annual Rate 0.45% 0.64% 0.73%

2018 Average Household Size 2.09 2.30 2.31

Median Household Income2018 Median Household Income $53,349 $61,967 $67,2352023 Median Household Income $58,822 $71,030 $77,104

2018-2023 Annual Rate 1.97% 2.77% 2.78%

Currently, the median household income is $58,100 for all U.S. households. Median household income is projected to be $65,727 in five years, for all U.S. households.

Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2018 and 2023

October 03, 2019Prepared By Cushman & Wakefield Click Me

©2018 Esri Latitude: 44.827292 Longitude: -93.298313 Page 1 of 2

Executive SummaryBloomington Industrial Portfolio-93.298312552 44.8272922990001Rings: 1, 3, 5 mile radii

1 mile 3 miles 5 milesAverage Household Income

2018 Average Household Income $68,840 $82,593 $91,9772023 Average Household Income $79,811 $95,325 $105,697

2018-2023 Annual Rate 3.00% 2.91% 2.82%

Currently, the average household income is $83,694 for all U.S households. Average household income is projected to be $96,109 in five years, for all U.S. households Households by Income

2018 Household Income Base 4,545 32,207 89,684

<$15,000 501 2,334 5,655

$15,000-$24,999 427 2,719 7,155

$25,000-$34,999 467 2,866 7,711

$35,000-$49,999 694 4,644 11,878

$50,000-$74,999 947 6,150 16,317

$75,000-$99,999 597 4,511 12,533

$100,000-$149,999 534 5,283 15,272

$150,000-$199,999 298 2,307 7,093

$200,000+ 81 1,393 6,069

Housing

2010 Housing Units 4,655 32,194 89,696Owner Occupied Housing Units 43.1% 61.4% 62.5%

Renter Occupied Housing Units 51.7% 33.8% 31.5%

Vacant Housing Units 5.2% 4.8% 6.0%







Currently, in the U.S., 56.0% of the housing units are owner occupied; 32.8% are renter occupied; and 11.2% are vacant.

Daytime PopulationTotal Employees 15,921 67,663 194,023

Total Businesses 763 3,257 10,182

Total Residential Population 9,693 74,802 208,983

Employee/Residential Population Ratio 164 90 93

Top Tapestry Segments1 mile 3 miles 5 miles

Bright Young Professionals (8C)In Style (5B)Front Porches (8E)Social Security Set (9F)Parks and Rec (5C)

19.5%19.4%

14.9%

13.2%

12.8%

Parks and Rec (5C)In Style (5B)Comfortable Empty Nesters (5A)Old and Newcomers (8F)Retirement Communities (9E)

22.9%13.1%

12.3%12.1%

8.8%

Parks and Rec (5C)In Style (5B)Bright Young Professionals (8C)Old and Newcomers (8F)Retirement Communities (9E)

15.1%12.9%

11.2%8.3%

7.8%

More information about tapestry descriptions can be found here

Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2018 and 2023

October 03, 2019Prepared By Cushman & Wakefield Click Me

©2018 Esri Latitude: 44.827292 Longitude: -93.298313 Page 2 of 2

Demographics

b i portfolio - loopnet · 2010 population 9,294 70,330 195,237 2018 population 9,693 74,802...

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