OFFERING MEMORANDUM - REDI-net.com

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EXECUTIVE SUMMARY2402 University Ave.St. Paul, MNThe Minneapolis office of Colliers Turley Martin Tucker (Colliers) is pleased present this purchaseopportunity for the Chittenden & Eastman Building located at 2402-2414 University Avenue Westlocated just west of the Raymond Avenue LRT station on the Central Corridor Line in Saint Paul,Minnesota (Subject Property).The Central Corridor Light Rail Transit Project will link downtown St. Paul and downtown Minneapolisalong Washington and University avenues via the state Capitol and University of Minnesota.Construction will begin in 2010 on the planned 11-mile Central Corridor line, with service beginning in2014. The line will connect with the Hiawatha LRT line at the Metrodome station in Minneapolis and thesoon-to be opened Northstar <strong>com</strong>muter rail line at the new Minneapolis Multimodal Station.
EXECUTIVE SUMMARY2402 University Ave.St. Paul, MNThe Opportunity• Architecturally significant historic building constructed in 1917• Located in the University-Raymond Commercial Historic District• B-3 Zoning allows for a wide variety of uses, including mixed use-multifamily and retail• All tenants are on month to month leases• On-site parking• Located steps from the Raymond Avenue LRT station• Offering Price - $3,700,000 ($28.00/sf)
Page 6 and 7: PROPERTY OVERVIEW2402 University Av
Page 12 and 13: Emergency housingfacilityOvernight
Page 14 and 15: Medical laboratory P P P P P P PVet
Page 16 and 17: Adult EntertainmentAdult use C C CA
Page 18 and 19: MARKET OVERVIEW2402 University Ave.
Page 20 and 21: minneapolis-saint paul industrial M
Page 26 and 27: DEMOGRAPHIC PROFILE COMPLETE1990 -
Page 34: DEMOGRAPHIC PROFILE COMPLETE1990 -

OFFERING MEMORANDUM - REDI-net.com

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